Relative strength index (RSI-14) for Western Digital Corporation (WDC) is at 62.27. They presently have a $80.38 price objective on the data storage provider's stock.
Other analysts have also issued research reports about the company. BMO Capital Markets raised shares of Western Digital Corp from a "market perform" rating to an "outperform" rating and raised their price target for the company from $66.00 to $90.00 in a report on Thursday, January 5th.
The analysts offering 12 month price targets for Western Digital Corporation have a median target of $96, with a high estimate of $122 and a low estimate of $72.
NetApp, Inc. (NASDAQ:NTAP) share price increased in the last trading session with a previous 52-week high of $42.94.
Western Digital Corporation (NASDAQ:WDC) was up +1.5% ($1.27) to $86.05 and showed a volume of 7.81 mln shares.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.61 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.
The sources said that Toshiba is expected to enter talks with the four potential buyers on acquisition prices and how to retain the employees after the deal before the company makes a decision on the buy-out deal.
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With all other things going on, Western Digital Corporation (NASDAQ:WDC) has been on a run - rising 22.23 percent in just three months. The firm's stock has a market capitalization of $24.47 bln. The stock's 50-day moving average is $78.56 and its 200-day moving average is $68.97. Western Digital Corp. has $140 highest and $40 lowest target. Stock investors bought 3,562 call options on the company. This represents an increase of approximately 346% compared to the average daily volume of 799 call options. Western Digital Corporation had a positive return on equity of 13.45% and a negative net margin of 2.56%. FirstService Corporation had 15 analyst reports since August 4, 2015 according to SRatingsIntel. During the same quarter in the previous year, the firm earned $1.60 EPS. The firm's quarterly revenue was up 47.4% on a year-over-year basis.
Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on April, 27.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 28th. Western Digital Corp's dividend payout ratio (DPR) is -133.33%.
TRADEMARK VIOLATION WARNING: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & global copyright law. Lloyds Banking Grp Inc Public Limited Co has 0.02% invested in Western Digital Corp (NASDAQ:WDC). The shares were sold at an average price of $75.18, for a total value of $2,611,302.12. Following the sale, the insider now owns 62,878 shares in the company, valued at $5,349,031.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. CORDANO MICHAEL D also sold $518,739 worth of Western Digital Corp (NASDAQ:WDC) on Monday, December 5. The stock was sold at an average price of $79.00, for a total transaction of $465,784.00. Insiders own 0.20% of the company shares. The disclosure for this sale can be found here. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
A number of large investors have recently added to or reduced their stakes in WDC. The Return on Investment (ROI) ratio of Western Digital Corporation (WDC) is 2 percent. FNY Partners Fund LP acquired a new position in Western Digital Corp during the fourth quarter valued at about $163,000. Following the completion of the sale, the executive vice president now directly owns 81,948 shares of the company's stock, valued at $6,160,850.64. American International Group Inc. increased its stake in shares of Western Digital Corp by 5.1% in the third quarter. Gam Holdings Ag holds 0.47% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 396,884 shares. Institutional investors and hedge funds own 88.22% of the company's stock.
Western Digital Corporation is a developer, maker and well-known provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry.
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