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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more call options, than puts
Call options by funds: $1.72B | Put options by funds: $1.02B
5% less repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 255
9% less funds holding
Funds holding: 746 [Q2] → 682 (-64) [Q3]
8.82% less ownership
Funds ownership: 106.58% [Q2] → 97.76% (-8.82%) [Q3]
13% less capital invested
Capital invested by funds: $26.4B [Q2] → $22.9B (-$3.45B) [Q3]
34% less first-time investments, than exits
New positions opened: 103 | Existing positions closed: 157
44% less funds holding in top 10
Funds holding in top 10: 39 [Q2] → 22 (-17) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$70
8%
upside
Avg. target
$86
33%
upside
High target
$115
77%
upside
12 analyst ratings
10 positive
83%
2 neutral
17%
0 negative
0%
B of A Securities Wamsi Mohan 74% 1-year accuracy 58 / 78 met price target | 29%upside $84 | Buy Maintained | 17 Jan 2025 |
Cantor Fitzgerald C J Muse 46% 1-year accuracy 38 / 83 met price target | 46%upside $95 | Overweight Reiterated | 17 Jan 2025 |
Barclays Tom O'Malley 40% 1-year accuracy 18 / 45 met price target | 23%upside $80 | Overweight Maintained | 17 Jan 2025 |
Wells Fargo Aaron Rakers 69% 1-year accuracy 24 / 35 met price target | 31%upside $85 | Overweight Maintained | 16 Jan 2025 |
Goldman Sachs Toshiya Hari 62% 1-year accuracy 69 / 112 met price target | 8%upside $70 | Neutral Maintained | 10 Jan 2025 |
Financial journalist opinion
Based on 14 articles about WDC published over the past 30 days
Negative
Zacks Investment Research
10 hours ago
WDC Reports Q2 Preliminary Results, Challenges in Flash Business
Western Digital's second-quarter fiscal 2025 revenues are expected to be at the mid-point of its previously issued guidance, but EPS is likely to hit the lower end.
Negative
Benzinga
3 days ago
Western Digital Faces 'Challenging Pricing Environment,' But There's Long-Term Potential: Analysts
Wall Street analysts rerated Western Digital Corp WDC after the company offered several updates on Thursday, including its fourth-quarter results and the departure of its CFO.
Negative
Barrons
3 days ago
Western Digital Stock Is Having a Tough Time. Just Look at Its Latest Guidance.
Western Digital quarterly earnings will be at the lower end of its prior guidance of between $1.75 and $2.05, the company said.
Neutral
Zacks Investment Research
4 days ago
Western Digital (WDC) Declines More Than Market: Some Information for Investors
Western Digital (WDC) closed at $64.25 in the latest trading session, marking a -0.59% move from the prior day.
Neutral
Zacks Investment Research
4 days ago
Wall Street Analysts Think Western Digital (WDC) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Neutral
Business Wire
4 days ago
Western Digital to Announce Second Quarter Fiscal 2025 Financial Results on January 29, 2025
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) plans to announce its second quarter fiscal year 2025 financial results after the market closes on Wednesday, January 29, 2025. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock th.
Positive
Zacks Investment Research
6 days ago
Western Digital Corporation (WDC) Is a Trending Stock: Facts to Know Before Betting on It
Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Negative
Zacks Investment Research
1 week ago
Western Digital (WDC) Suffers a Larger Drop Than the General Market: Key Insights
Western Digital (WDC) closed the most recent trading day at $62.80, moving -1.97% from the previous trading session.
Positive
Benzinga
1 week ago
Top 3 Tech Stocks That May Rocket Higher This Quarter
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Negative
Zacks Investment Research
1 week ago
Here's Why Western Digital (WDC) Fell More Than Broader Market
In the latest trading session, Western Digital (WDC) closed at $64.87, marking a -1.19% move from the previous day.
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