Western Digital eases fears of fading chip boom

Western Digital eases fears of fading chip boom

Western Digital eases fears of fading chip boom

They presently have a $73.00 target price on the data storage provider's stock, up from their prior target price of $68.00. Cowen & Co maintained Western Digital Corporation (NASDAQ:WDC) rating on Wednesday, September 7.

Several other brokerages have also issued reports on WDC.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Jefferies maintained the stock with "Hold" rating in Friday, January 12 report. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company's stock. Finally, Morgan Stanley lowered Western Digital from an "overweight" rating to an "equal weight" rating and set a $120.00 price objective for the company.in a research report on Monday, November 27th. The stock has "Buy" rating by Cantor Fitzgerald on Monday, October 23. The company presently has a consensus rating of "Buy" and an average target price of $113.97.

Western Digital Corporation (NASDAQ:WDC) closed its last session at $87.99.

Two police officers shot and killed in Ohio
WESTERVILLE, Ohio - One police officer was shot and killed and another is in critical condition after a shooting. One officer died on the scene, and the other at the Ohio State University Wexner Medical Center, police said.

Western Digital Corporation (NASDAQ:WDC) touched its 1-Year High price of $95.77 on 07/21/17 and its 1-Year Low price of $71.38 on 03/22/17. The data storage provider reported $1.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.13. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.64 and a quick ratio of 2.13.

Western Digital Corporation (NASDAQ:WDC) gross margin percentage stands at 34% while its operating margin for the past trailing twelve month is 13.4 percent and its overall profit margin (ttm) is 7.4 Percent. The institutional investor held 150,350 shares of the medical specialities company at the end of 2017Q3, valued at $23.91 million, up from 119,872 at the end of the previous reported quarter. Analysts' estimates typically exclude special items.

The disk maker's net losses were $823 million, or a loss of $2.78 per share, compared to net income of $235 million, or $0.80 per share at the same time a year ago.

Western Digital chief financial officer Mark Long said any easing in price would help the industry. Ray Gerald L & Associates Ltd bought 6,081 shares as the company's stock rose 15.69% with the market. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued. The stock decreased 1.98% or $0.85 during the last trading session, reaching $42.14.

Lonzo Ball Girlfriend Denise Garcia Pregnant
No word on whether it's a boy or a girl ... but we're guessing LaVar is hoping for a hooper to continue the BBB legacy. According to recent reports from TMZ Sports , the couple is expecting their first child together.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

The company now has an insider ownership of 0.3 Percent and Institutional ownership of 87.5 Percent. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. Following the transaction, the insider now owns 70,556 shares in the company, valued at $6,218,100.28. The disclosure for this sale can be found here. Company insiders own 0.31% of the company's stock. 80 funds opened positions while 232 raised stakes. Gemmer Asset Llc has invested 0.02% of its portfolio in Aetna Inc. BlackRock Institutional Trust Company N.A. raised its stake in Western Digital Corp.by 3.2% in the third quarter. Finally, Adviser Investments LLC bought a new stake in Western Digital during the third quarter valued at about $204,000. The stock of Western Digital Corporation (NASDAQ:WDC) earned "Buy" rating by Stifel Nicolaus on Sunday, August 6.

TRADEMARK VIOLATION WARNING: "Western Digital's (WDC) "Buy" Rating Reaffirmed at Cowen" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal.

Western Digital Corporation addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed.

Pence Avoids 'Interaction' with N.Korean Officials at Olympics
The pomp and circumstance of the opening ceremony officially kicked off the 2018 Winter Olympics Friday. Pence and the North Koreans have been an awkward presence at the Games to say the least.

Related news