Western Digital Corp (NASDAQ: WDC) is 8.77% higher on its value in year-to-date trading and has touched a low of $28.83 and a high of $61.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WDC stock was last observed hovering at around $46.57 in the last trading session, with the day’s gains setting it 2.44%.
Currently trading at $49.01, the stock is 17.96% and 20.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.09 million and changing 5.24% at the moment leaves the stock 3.69% off its SMA200. WDC registered -10.03% loss for a year compared to 6-month loss of -7.92%.
The stock witnessed a 42.47% gain in the last 1 month and extending the period to 3 months gives it a -5.89%, and is 10.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 3.23% over the month.
Western Digital Corp (WDC) has around 51000 employees, a market worth around $17.10B and $14.44B in sales. Current P/E ratio is 9.32 and Fwd P/E is 9.02. Profit margin for the company is 12.97%. Distance from 52-week low is 70.00% and -20.47% from its 52-week high. The company has generated returns on investments over the last 12 months (17.95%).
The EPS is expected to grow by 3429.85% this year.
Western Digital Corp (WDC) Top Institutional Holders
The shares outstanding are 349.00M, and float is at 345.66M with Short Float at 8.62%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.83 million shares valued at $2.94 billion. The investor’s holdings represent 11.6601% of the WDC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.09 million shares valued at $2.13 billion to account for 8.434 of the shares outstanding. The other top investors are FMR LLC which holds 20.57 million shares representing 6.1781% and valued at over $1.56 billion, while BANK OF AMERICA CORP /DE/ holds 4.5789 of the shares totaling 15.25 million with a market value of $1.16 billion.
Western Digital Corp (WDC) Insider Activity
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Western Digital Corp disclosed in a document filed with the SEC on Mar 12 ’25 that Zamiska Gene M. (SVP & Princ. Acctg Officer) sold a total of 456 shares of the company’s common stock. The trade occurred on Mar 12 ’25 and was made at $43.37 per share for $19777.0. Following the transaction, the insider now directly holds 43320.0 shares of the WDC stock.
Still, SEC filings show that on Mar 12 ’25, GENE M ZAMISKA (Officer) Proposed Sale 456 shares at an average price of $43.37 for $19777.0. The insider now directly holds shares of Western Digital Corp (WDC).
