Western Digital Corporation (WDC) Lifted to Hold at Zacks Investment Research

Western Digital Corporation (WDC) moves -8.85% away from 52-Week High = Technical Facts

Stock under Analysts Radar: Western Digital Corporation (WDC)

Its up 100% from 100 shares previously. During last 3 month period, 0.90% of total institutional ownership has changed in the company shares. Quantitative Systematic Strategies Ltd Liability Corporation invested in 0.18% or 7,665 shares. About 8,028 shares traded. (NYSE:JPM) has risen 33.74% since October 27, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Western Digital beat analysts' estimates for revenue and profit in the first quarter as it benefited from strong demand for its memory chips from smartphone makers and data center operators as well as higher prices. Ironwood Management Ltd Com invested in 0.86% or 13,340 shares. The institutional investor held 2,510 shares of the electronic components company at the end of 2017Q2, valued at $222,000, down from 47,925 at the end of the previous reported quarter. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

Since June 15, 2017, it had 0 insider buys, and 3 insider sales for $2.36 million activity. About 40.90M shares traded or 667.35% up from the average. It has outperformed by 109.15% the S&P500. It dived, as 0 investors sold CPS Technologies Corporation shares while 2 reduced holdings. It also increased its holding in Ishares Core S&P Midcap Etf (IJH) by 6,170 shares in the quarter, for a total of 43,179 shares, and has risen its stake in Williams Sonoma Inc (NYSE:WSM). (WDC) to Hold" with publication date: "October 05, 2017. Vetr upgraded shares of Western Digital Corp. from a "hold" rating to a "buy" rating and set a $63.25 target price for the company in a research note on Monday, October 3rd.

Investors sentiment decreased to 0.58 in Q2 2017. Iridian Asset Management LLC CT raised its holdings in Western Digital Corporation by 1.8% in the second quarter.

Western Digital posted a net income of $681 million, or $2.23 per share, in the first quarter ended September 29, compared with a net loss of $366 million, or $1.28 per share, a year earlier. Redwood Limited Liability Company, Massachusetts-based fund reported 142,007 shares. Prudential Public Limited Co stated it has 116,381 shares. Whittier Of Nevada holds 0% or 102 shares in its portfolio.

S&T Bank decreased Western Digital Corp (WDC) stake by 7.54% reported in 2017Q2 SEC filing. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Reuters.com and their article: "Toshiba discussing joint investment in chips with Western Digital" published on October 13, 2017 as well as Streetinsider.com's news article titled: "Baird Downgrades Western Digital Corp". The data storage provider reported $3.56 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.01 by $0.55. Shine Advisory Services has invested 0.01% in Western Digital Corp (NASDAQ:WDC). Texas Yale Capital Corporation holds 6,037 shares or 0.05% of its portfolio. Ameriprise Financial Inc. now owns 4,443,866 shares of the data storage provider's stock valued at $393,778,000 after buying an additional 405,293 shares during the period. Massmutual Tru Fsb Adv invested in 0% or 503 shares. Carderock Capital Mngmt Inc holds 17,869 shares. Northeast Financial Consultants invested in 5,884 shares or 0.21% of the stock. Pnc Fin Gru Inc has invested 0% in Western Digital Corp (NASDAQ:WDC). M&T National Bank & Trust accumulated 0.01% or 16,395 shares. BHATIA MANISH H sold $1.16 million worth of stock.

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Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. 11,631 Western Digital Corp (NASDAQ:WDC) shares with value of $1.03M were sold by LONG MARK P. Western Digital Corporation (NASDAQ:WDC) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Therefore 69% are positive. Exxonmobil Mngmt Tx reported 0.12% in Western Digital Corp (NASDAQ:WDC). The firm has "Hold" rating by Jefferies given on Thursday, June 29. Maxim Group maintained the stock with "Buy" rating in Wednesday, August 30 report. Mizuho maintained Western Digital Corp (NASDAQ:WDC) on Thursday, October 27 with "Buy" rating.

Western Digital has sought an injunction against Toshiba Corp's sale of its chip unit to a group led by Bain Capital LP that includes the USA company's rivals Seagate and SK Hynix Inc. The rating was maintained by BTIG Research on Friday, July 28 with "Buy". The rating was maintained by RBC Capital Markets on Friday, October 23 with "Outperform".

Since May 11, 2017, it had 0 buys, and 1 insider sale for $568,100 activity. 7,976 were reported by Kentucky Retirement Ins Trust Fund.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. 103 funds opened positions while 111 raised stakes. 6,528,659 shares of the company were exchanged. Aviva Pcl has invested 1.58% in JPMorgan Chase & Co.

About 3.70M shares traded. Harding Loevner Limited Partnership accumulated 570 shares. Clarkston Capital Partners Ltd Liability Corp holds 320,983 shares. Apg Asset Nv has invested 1.12% in JPMorgan Chase & Co. It also reduced Costco Wholesale Corp New Com (NASDAQ:COST) stake by 19,554 shares and now owns 165,538 shares. However, 0.74% over the last one month, 5.19% for the last quarter and year to date performance stands at 31.54%.

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