Western Digital Corporation (NASDAQ:WDC) insider Michael D. Cordano sold 3,670 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $82.55, for a total transaction of $302,958.50. Following the completion of the transaction, the insider now owns 79,881 shares of the company’s stock, valued at $6,594,176.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michael D. Cordano also recently made the following trade(s):

  • On Monday, June 12th, Michael D. Cordano sold 11,322 shares of Western Digital Corporation stock. The stock was sold at an average price of $85.00, for a total transaction of $962,370.00.

Shares of Western Digital Corporation (NASDAQ:WDC) opened at 83.20 on Friday. Western Digital Corporation has a one year low of $45.25 and a one year high of $95.77. The company’s 50-day moving average is $87.67 and its 200-day moving average is $84.55. The stock has a market capitalization of $24.29 billion, a P/E ratio of 62.09 and a beta of 1.22.

Western Digital Corporation (NASDAQ:WDC) last issued its earnings results on Thursday, July 27th. The data storage provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.51 by $0.42. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. The business’s revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities research analysts anticipate that Western Digital Corporation will post $12.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.40%. Western Digital Corporation’s payout ratio is currently 156.25%.

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Several large investors have recently added to or reduced their stakes in the company. Accredited Investors Inc. raised its stake in Western Digital Corporation by 0.4% in the second quarter. Accredited Investors Inc. now owns 2,713 shares of the data storage provider’s stock valued at $240,000 after buying an additional 11 shares in the last quarter. Cookson Peirce & Co. Inc. raised its stake in Western Digital Corporation by 0.6% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,600 shares of the data storage provider’s stock valued at $319,000 after buying an additional 20 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in Western Digital Corporation by 0.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 4,571 shares of the data storage provider’s stock valued at $405,000 after buying an additional 25 shares in the last quarter. Barry Investment Advisors LLC raised its stake in Western Digital Corporation by 0.4% in the second quarter. Barry Investment Advisors LLC now owns 6,331 shares of the data storage provider’s stock valued at $561,000 after buying an additional 26 shares in the last quarter. Finally, People s United Financial Inc. raised its stake in Western Digital Corporation by 0.3% in the second quarter. People s United Financial Inc. now owns 12,689 shares of the data storage provider’s stock valued at $1,124,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Several research analysts recently issued reports on WDC shares. Zacks Investment Research upgraded shares of Western Digital Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Friday, April 21st. Royal Bank Of Canada upped their target price on shares of Western Digital Corporation from $33.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. Benchmark Co. upped their price target on shares of Western Digital Corporation from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Maxim Group upped their price target on shares of Western Digital Corporation from $104.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Citigroup Inc. upped their price target on shares of Western Digital Corporation from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $104.66.

Western Digital Corporation Company Profile

Western Digital Corporation (Western Digital) is a developer, manufacturer and 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. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).

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

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