Western DigitalWDC
Market Cap: $20.9B
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 Q2 SEC filings by fund managers ($100M+ AUM)
103% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 69
58% more call options, than puts
Call options by funds: $1.81B | Put options by funds: $1.14B
33% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 215
28% more funds holding in top 10
Funds holding in top 10: 29 [Q1] → 37 (+8) [Q2]
23% more capital invested
Capital invested by funds: $20.6B [Q1] → $25.4B (+$4.77B) [Q2]
11% more funds holding
Funds holding: 671 [Q1] → 742 (+71) [Q2]
9.78% more ownership
Funds ownership: 92.94% [Q1] → 102.72% (+9.78%) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Evercore ISI Group Amit Daryanani 48% 1-year accuracy 19 / 40 met price target | 40%upside $85 | Outperform Maintained | 15 Aug 2024 |
Susquehanna Medhi Hosseini 100% 1-year accuracy 1 / 1 met price target | 23%upside $75 | Neutral Maintained | 2 Aug 2024 |
Benchmark Mark Miller 36% 1-year accuracy 14 / 39 met price target | 51%upside $92 | Buy Maintained | 1 Aug 2024 |
Cantor Fitzgerald C J Muse 36% 1-year accuracy 24 / 66 met price target | 65%upside $100 | Overweight Reiterated | 1 Aug 2024 |
Rosenblatt Kevin Cassidy 39% 1-year accuracy 18 / 46 met price target | 89%upside $115 | Buy Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 13 articles about WDC published over the past 30 days