Western Digital Corporation (NASDAQ:WDC)‘s stock had its “buy” rating reaffirmed by investment analysts at Mizuho in a note issued to investors on Sunday. They presently have a $105.00 price objective on the data storage provider’s stock. Mizuho’s price objective indicates a potential upside of 24.60% from the stock’s previous close.

WDC has been the topic of a number of other reports. BidaskClub lowered Western Digital Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and issued a $90.00 price objective on shares of Western Digital Corporation in a report on Wednesday, June 28th. Vetr raised Western Digital Corporation from a “buy” rating to a “strong-buy” rating and set a $101.80 price objective on the stock in a report on Monday, June 12th. Benchmark Co. reissued a “buy” rating and issued a $135.00 price objective on shares of Western Digital Corporation in a report on Monday, September 25th. Finally, Summit Redstone reissued a “buy” rating on shares of Western Digital Corporation in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Western Digital Corporation currently has a consensus rating of “Buy” and an average target price of $111.15.

Western Digital Corporation (NASDAQ:WDC) opened at 84.27 on Friday. The firm has a 50-day moving average price of $87.23 and a 200 day moving average price of $87.36. The stock has a market capitalization of $24.85 billion, a PE ratio of 62.89 and a beta of 1.24. Western Digital Corporation has a 12 month low of $52.10 and a 12 month high of $95.77.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, July 27th. The data storage provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.42. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. The company’s revenue was up 38.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. Equities analysts anticipate that Western Digital Corporation will post $12.38 earnings per share for the current year.

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In other news, insider Michael D. Cordano sold 9,404 shares of Western Digital Corporation stock in a transaction on Monday, September 18th. The stock was sold at an average price of $88.71, for a total value of $834,228.84. Following the completion of the sale, the insider now directly owns 75,385 shares of the company’s stock, valued at $6,687,403.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark P. Long sold 17,028 shares of Western Digital Corporation stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $93.84, for a total value of $1,597,907.52. Following the completion of the sale, the chief financial officer now directly owns 53,551 shares of the company’s stock, valued at $5,025,225.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,246 shares of company stock valued at $11,323,928. 0.31% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Accredited Investors Inc. grew its stake in shares of 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. grew its stake in shares of 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. grew its stake in shares of 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 grew its stake in shares of 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. grew its stake in shares of 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. 82.36% of the stock is owned by institutional investors and hedge funds.

About Western Digital Corporation

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).

Analyst Recommendations for Western Digital Corporation (NASDAQ:WDC)

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