Western Digital Corporation (NASDAQ:WDC) reached 21.28% versus a 1-year low price of $33.83. The stock was last seen 2.47% higher, reaching at $41.03 on 6/24/2019. At a recent session, the prices were hovering between $40.25 and $41.725. This company shares are 30.76% off its target price of $53.65 and the current market capitalization stands at $11.98B. The recent change has given its price a -8.04% deficit over SMA 50 and -49.58% deficit over its 52-week high. The stock witnessed -1.11% declines, -14.32% declines and 11.83% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WDC’s volatility during a week at 4.01% and during a month it has been found around 3.87%.

What Does Western Digital Corporation (WDC) Do?

The company describes itself in regulatory filings as, “Western Digital Corp. engages in the manufacture, market, and sale of data storage devices and solutions. Its product portfolio includes hard disk drives, solid-state drives marketed under the HGST, WD and G-Technology brands. The company offers mobile drives for the notebook, PC, gaming markets, serial attached small computer system interface drives, peripheral component interconnect express SSDs, home video recorders, home network storage devices, portable, desktop and personal cloud storage. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/WDC/profile under company description.]

Western Digital Corporation (WDC) Top Holders

Institutional investors currently hold around $10.4 billion or 90.2% in WDC stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.26 billion in Western Digital Corporation, which represents roughly 10.55% of the company’s market cap and approximately 12.15% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 28,802,905 shares of the stock are valued at $1.15 billion. The third largest holder is State Street Corp, which currently holds $514.33 million worth of this stock and that ownership represents nearly 4.29% of its market capitalization.

Western Digital Corporation 13F Filings

At the end of March reporting period, 375 institutional holders increased their position in Western Digital Corporation (NASDAQ:WDC) by some 37,708,592 shares, 292 decreased positions by 27,332,033 and 80 held positions by 194,727,333. That puts total institutional holdings at 259,767,958 shares, according to SEC filings. The stock grabbed 121 new institutional investments totaling 6,871,209 shares while 61 institutional investors sold out their entire positions totaling 4,474,698 shares.

Western Digital Corporation (NASDAQ:WDC) Insider Trades

Multiple company employees have indulged in significant insider trading. Western Digital Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Pres WD Capital, CSO & CFO LONG MARK P has sold 17,623 shares of Western Digital Corporation (WDC) in the trading session dated Mar. 12, 2019. These shares are worth $881,150 and were traded at $50 each. The SEC filing shows that MASSENGILL MATTHEW E performed a sale of 1,681 shares. The Director disposed these shares by way of transaction on Nov. 05, 2018. The company’s shares were given away at $47.68 per share worth to an income of some $80,150 to the account of MASSENGILL MATTHEW E.

Pres WD Capital, CSO & CFO, LONG MARK P, sold 3,447 common shares of Western Digital Corporation (WDC) in the open market. In a transaction dated Aug. 06, 2018, the shares were put up for sale at an average price of $68.36, raking in a sum of $235,637. After this sale, 185,368 common shares of WDC are directly owned by the insider, with total stake valued at $7,605,649.

In the transaction dated Aug. 06, 2018, a great number of shares sold came courtesy the EVP, Chief Legal Officer & Sec; RAY MICHAEL CHARLES disposed a total of 4,387 shares at an average price of $67.65, amounting to approximately $296,781. The insider now directly owns 100,854 shares worth $4,138,025.

Western Digital Corporation (WDC) Analyst Guide

Several analysts have released their opinion on Western Digital Corporation (NASDAQ:WDC), with 8 analysts believing it is a strong buy. Whereas 15 of them predict the stock is a hold. Also, there are 6 buy, 2 sell and 1 strong sell ratings, collectively assigning a 2.44 average brokerage recommendation [T1].