Media coverage about Western Digital (NASDAQ:WDC) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Digital earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the data storage provider an impact score of 45.9486489813114 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Western Digital Stock Could Soar Another 27% (finance.yahoo.com)
- Baird: 30% upside potential for Western Digital (finance.yahoo.com)
- Nasdaq Ends Higher In Cliffhanger As These 3 Chip Names Soar (finance.yahoo.com)
- Hero Digital Named Episerver Ascender Partner of the Year North America (prweb.com)
- Baird Upgrades Western Digital Corp. (WDC) to Outperform (streetinsider.com)
Shares of Western Digital (WDC) traded up $4.22 during trading hours on Friday, reaching $106.45. The company’s stock had a trading volume of 7,289,856 shares, compared to its average volume of 4,345,075. The company has a market cap of $31,390.00, a P/E ratio of 16.33, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.55 and a quick ratio of 2.03. Western Digital has a 52-week low of $71.38 and a 52-week high of $106.96.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.88%. Western Digital’s payout ratio is 30.67%.
A number of equities analysts have recently weighed in on WDC shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Western Digital in a research report on Friday, December 22nd. Evercore ISI reaffirmed a “buy” rating and set a $130.00 target price on shares of Western Digital in a research report on Wednesday, December 13th. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Western Digital in a research report on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating and set a $115.00 target price on shares of Western Digital in a research report on Wednesday, December 13th. Finally, Cowen reaffirmed a “buy” rating on shares of Western Digital in a research report on Wednesday, December 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $111.62.
In other news, insider Michael D. Cordano sold 1,401 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $85.00, for a total transaction of $119,085.00. Following the completion of the transaction, the insider now owns 70,560 shares in the company, valued at approximately $5,997,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Charles Ray sold 10,767 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $104.39, for a total value of $1,123,967.13. Following the transaction, the executive vice president now owns 95,426 shares of the company’s stock, valued at approximately $9,961,520.14. The disclosure for this sale can be found here. Insiders have sold a total of 261,105 shares of company stock valued at $23,899,380 in the last quarter. 0.31% of the stock is owned by corporate insiders.
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Western Digital Company Profile
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).
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