Western Digital
About: Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Employees: 51,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
68% more call options, than puts
Call options by funds: $1.7B | Put options by funds: $1.01B
4% less repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 252
10% less funds holding
Funds holding: 746 [Q2] → 674 (-72) [Q3]
13.41% less ownership
Funds ownership: 105.81% [Q2] → 92.4% (-13.41%) [Q3]
17% less capital invested
Capital invested by funds: $26.2B [Q2] → $21.7B (-$4.52B) [Q3]
41% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 174
44% less funds holding in top 10
Funds holding in top 10: 39 [Q2] → 22 (-17) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Barclays Tom O'Malley 52% 1-year accuracy 23 / 44 met price target | 38%upside $90 | Overweight Maintained | 25 Oct 2024 |
Cantor Fitzgerald C J Muse 38% 1-year accuracy 28 / 74 met price target | 46%upside $95 | Overweight Maintained | 25 Oct 2024 |
Wedbush Matt Bryson 33% 1-year accuracy 14 / 43 met price target | 46%upside $95 | Outperform Reiterated | 25 Oct 2024 |
Susquehanna Medhi Hosseini 50% 1-year accuracy 1 / 2 met price target | 27%upside $83 | Neutral Maintained | 25 Oct 2024 |
Benchmark Mark Miller 17% 1-year accuracy 4 / 24 met price target | 41%upside $92 | Buy Reiterated | 25 Oct 2024 |
Financial journalist opinion
Based on 14 articles about WDC published over the past 30 days
