Western Digital Corp. (NASDAQ:WDC) EVP Michael Charles Ray sold 1,000 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total transaction of $60,000.00. Following the completion of the transaction, the executive vice president now owns 41,405 shares of the company’s stock, valued at approximately $2,484,300. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Michael Charles Ray also recently made the following trade(s):

  • On Monday, October 3rd, Michael Charles Ray sold 6,183 shares of Western Digital Corp. stock. The shares were sold at an average price of $60.00, for a total transaction of $370,980.00.
  • On Tuesday, September 27th, Michael Charles Ray sold 2,719 shares of Western Digital Corp. stock. The shares were sold at an average price of $58.63, for a total transaction of $159,414.97.

Western Digital Corp. (NASDAQ:WDC) traded up 0.959% on Friday, hitting $59.364. The company had a trading volume of 541,047 shares. The firm’s market capitalization is $16.95 billion. The firm has a 50-day moving average price of $56.88 and a 200-day moving average price of $49.54. Western Digital Corp. has a 12-month low of $34.99 and a 12-month high of $64.73.

Western Digital Corp. (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, October 26th. The data storage provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.13. Western Digital Corp. had a positive return on equity of 11.74% and a negative net margin of 2.73%. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, equities research analysts anticipate that Western Digital Corp. will post $6.62 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Western Digital Corp. (NASDAQ:WDC)

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, December 28th. Western Digital Corp.’s dividend payout ratio is -162.60%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Western Digital Corp. by 610.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,772 shares of the data storage provider’s stock worth $12,702,000 after buying an additional 230,924 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Western Digital Corp. by 18.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 263,529 shares of the data storage provider’s stock worth $12,455,000 after buying an additional 41,155 shares in the last quarter. Legal & General Group Plc raised its position in shares of Western Digital Corp. by 7.4% in the first quarter. Legal & General Group Plc now owns 1,027,165 shares of the data storage provider’s stock worth $48,521,000 after buying an additional 71,094 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Western Digital Corp. by 17.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 782,424 shares of the data storage provider’s stock worth $36,977,000 after buying an additional 115,609 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Western Digital Corp. during the second quarter worth approximately $64,444,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. Susquehanna restated a “positive” rating and set a $80.00 price objective on shares of Western Digital Corp. in a research report on Saturday, August 13th. Mizuho restated a “buy” rating and set a $60.00 price objective on shares of Western Digital Corp. in a research report on Friday, September 23rd. Zacks Investment Research upgraded shares of Western Digital Corp. from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, October 19th. Needham & Company LLC raised their price objective on shares of Western Digital Corp. from $67.00 to $69.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 27th. Finally, Barclays PLC restated an “overweight” rating on shares of Western Digital Corp. in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Western Digital Corp. has a consensus rating of “Buy” and an average price target of $67.70.

About Western Digital Corp.

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. The Company’s product portfolio includes hard disk drives (HDDs), solid-state drives, direct attached storage solutions, personal cloud network attached storage solutions, and public and private cloud data center storage solutions.

5 Day Chart for NASDAQ:WDC

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