Analysts’ Recent Ratings Changes for Western Digital (WDC)

Several analysts have recently updated their ratings and price targets for Western Digital (NASDAQ: WDC):

• 1/29/2025 – Western Digital had its price target lowered by analysts at Rosenblatt Securities from $115.00 to $95.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
• 1/17/2025 – Western Digital had its price target lowered by analysts at Barclays PLC from $90.00 to $80.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Western Digital had its price target lowered by analysts at Wells Fargo & Company from $95.00 to $85.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Western Digital had its price target lowered by analysts at Bank of America Co. from $89.00 to $80.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Western Digital had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $81.00 to $70.00. They now have a “neutral” rating on the stock.
• 1/3/2025 – Western Digital had its price target lowered by analysts at Mizuho from $90.00 to $82.00. They now have an “outperform” rating on the stock.
• 12/19/2024 – Western Digital had its price target lowered by analysts at Morgan Stanley from $100.00 to $93.00. They now have an “overweight” rating on the stock.
• 12/19/2024 – Western Digital was downgraded by analysts at Benchmark Co. from a “buy” rating to a “hold” rating. They now have a $70.00 price target on the stock.
• 12/3/2024 – Western Digital had its price target lowered by analysts at Citigroup Inc. from $87.00 to $85.00. They now have a “buy” rating on the stock.

Western Digital Stock Down 0.1 %

NASDAQ WDC traded down $0.07 during mid-day trading on Wednesday, reaching $62.80. The stock had a trading volume of 10,645,737 shares, compared to its average volume of 6,154,057. Western Digital Co. has a 1 year low of $52.77 and a 1 year high of $81.55. The stock has a market cap of $21.71 billion, a PE ratio of 36.94 and a beta of 1.43. The company has a fifty day moving average price of $65.72 and a 200 day moving average price of $65.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.91.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a net margin of 4.81% and a return on equity of 8.57%. On average, research analysts expect that Western Digital Co. will post 5.54 earnings per share for the current year.

Insider Buying and Selling

In other Western Digital news, SVP Gene M. Zamiska sold 658 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total transaction of $46,053.42. Following the completion of the transaction, the senior vice president now owns 28,863 shares of the company’s stock, valued at $2,020,121.37. This represents a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 1,347 shares of company stock valued at $93,027. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Western Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDC. First Horizon Advisors Inc. boosted its stake in shares of Western Digital by 5.4% during the third quarter. First Horizon Advisors Inc. now owns 2,929 shares of the data storage provider’s stock valued at $200,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. boosted its stake in Western Digital by 7.0% in the fourth quarter. Mather Group LLC. now owns 2,416 shares of the data storage provider’s stock valued at $144,000 after acquiring an additional 159 shares in the last quarter. Quarry LP boosted its stake in Western Digital by 22.6% in the third quarter. Quarry LP now owns 932 shares of the data storage provider’s stock valued at $64,000 after acquiring an additional 172 shares in the last quarter. Inspire Investing LLC boosted its stake in Western Digital by 4.3% in the fourth quarter. Inspire Investing LLC now owns 4,324 shares of the data storage provider’s stock valued at $258,000 after acquiring an additional 177 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Western Digital by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the data storage provider’s stock valued at $1,109,000 after acquiring an additional 200 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.