3,513 Shares in Western Digital Corporation $WDC Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new position in Western Digital Corporation (NASDAQ:WDC) during the second quarter, Holdings Channel reports. The firm bought 3,513 shares of the data storage provider’s stock, valued at approximately $225,000.

Several other institutional investors have also modified their holdings of WDC. Nordea Investment Management AB raised its holdings in Western Digital by 9.6% during the 2nd quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock valued at $1,938,000 after buying an additional 2,656 shares during the period. Parsifal Capital Management LP raised its holdings in Western Digital by 32.0% during the 1st quarter. Parsifal Capital Management LP now owns 897,574 shares of the data storage provider’s stock valued at $36,289,000 after buying an additional 217,574 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Western Digital by 52.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,838 shares of the data storage provider’s stock valued at $1,166,000 after buying an additional 9,974 shares during the period. Greenleaf Trust bought a new position in shares of Western Digital during the second quarter valued at approximately $233,000. Finally, Westfield Capital Management Co. LP bought a new position in shares of Western Digital during the first quarter valued at approximately $35,406,000. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Western Digital news, SVP Gene M. Zamiska sold 353 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $80.90, for a total transaction of $28,557.70. Following the sale, the senior vice president owned 27,425 shares of the company’s stock, valued at approximately $2,218,682.50. This trade represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 14,067 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $74.78, for a total value of $1,051,930.26. Following the sale, the insider owned 135,351 shares of the company’s stock, valued at approximately $10,121,547.78. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,730 shares of company stock worth $3,921,594 over the last quarter. Insiders own 0.18% of the company’s stock.

Western Digital Stock Down 1.4%

Shares of NASDAQ WDC opened at $124.92 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $42.82 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.77. The stock’s fifty day simple moving average is $106.15 and its two-hundred day simple moving average is $74.56. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $137.40.

Western Digital (NASDAQ:WDC) last announced its earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter. The business had revenue of $4.10 billion for the quarter. Western Digital had a return on equity of 24.93% and a net margin of 14.13%. As a group, analysts expect that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WDC. Wells Fargo & Company upped their target price on Western Digital from $95.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, October 13th. Mizuho upped their target price on Western Digital from $120.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Susquehanna upped their target price on Western Digital from $40.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Benchmark upped their target price on Western Digital from $85.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, TD Cowen upped their target price on Western Digital from $58.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and a consensus price target of $109.84.

About Western Digital

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.