Monday, 20 May, 2019

Western Digital inventory plunges regardless of earnings beat

Steve Milligan chief executive officer of Western Digital Corp Western Digital inventory plunges regardless of earnings beat
Russell Knight | 26 January, 2018, 17:19

The institutional investor held 141,840 shares of the electronic components company at the end of 2017Q3, valued at $12.26M, down from 225,940 at the end of the previous reported quarter.

Insider data can help an investor form an outlook on a stock, but it's important to supplement this data with other information such as technical indicators to form a more complete view.

Analysts at Macquarie began coverage on shares of Western Digital (NASDAQ:WDC) in a research note issued on Friday, January 19th, Marketbeat.com reports. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported.

Western Digital posted a net loss of $823 million, compared with a profit of $235 million a year ago, due to a $1.6 billion charge related to new USA tax laws. Cleararc Capital Inc. raised its stake in Western Digital Corporation by 1.3% in the first quarter. Scout Investments Incorporated holds 0.44% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 184,959 shares. Quantbot Technologies LP bought a new stake in shares of Western Digital during the second quarter worth $135,000. Rehmann Capital Advisory Group now owns 3,318 shares of the data storage provider's stock worth $294,000 after buying an additional 155 shares in the last quarter. Frontier Wealth Management LLC increased its holdings in Western Digital by 3.2% in the second quarter. Inc. now owns 3,600 shares of the data storage provider's stock valued at $319,000 after buying an additional 20 shares in the last quarter. 9,404 shares were sold by CORDANO MICHAEL D, worth $834,210 on Monday, September 18. The stock was sold at an average price of $85.00, for a total value of $119,085.00. Following the completion of the transaction, the insider now directly owns 70,560 shares of the company's stock, valued at $5,997,600. The shares were sold at an average price of $88.13, for a total transaction of $393,676.71. Following the transaction, the director now owns 10,834 shares of the company's stock, valued at $931,398.98. The disclosure for this sale can be found here. Insiders sold 16,039 shares of company stock valued at $1,400,999 over the last 90 days.

Benchmark analyst Mark Miller said fears over falling prices might have weighed on the stock, but the worries were overdone. Deutsche Bank lowered Western Digital from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, October 4th. RBC Capital Markets maintained Western Digital Corporation (NASDAQ:WDC) rating on Friday, January 15. The stock has an average rating of "Buy" and a consensus price target of $114.20.

Navient Corp (NASDAQ:NAVI) Position Increased by Janus Henderson Group PLC
Public Employees Retirement System of OH owned approximately 0.05% of Navient worth $1,986,000 as of its most recent SEC filing. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases.

Apple releases HomePod, available now from Apple.com
Where to buy the Apple HomePod? The Apple HomePod will cost $349 in the USA , £319 in the United Kingdom and $499 in Australia. The first deliveries will begin arriving in the US, UK and Australia on February 9th.

Sirius XM Holdings Inc. (SIRI), JD.com, Inc. (JD)
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) has risen 73.15% since January 25, 2017 and is uptrending. SIRI traded at an unexpectedly high level on 01/24/2018 when the stock experienced a 0.88% gain to a closing price of $5.73.

Western Digital Corporation (WDC) traded down 3.9873% on Friday, hitting $81.1403. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

It is now expected that the flash industry's growth this year would be near the high end of the long-term range of 35 percent to 45 percent, due to better manufacturing yields and continued adoption of 3D flash, with Western Digital matching the growth. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.64 and a quick ratio of 2.13.

Central Asset Investments & Management Holdings Hk Ltd decreased its stake in Western Digital Corp (WDC) by 37.22% based on its latest 2017Q3 regulatory filing with the SEC. The company issued revenue guidance of ~$4.9 billion, compared to the consensus revenue estimate of $4.96 billion.Western Digital also updated its FY18 guidance to $13.50-14.00 EPS.

Western Digital posted a net loss of US$823 million, compared with a profit of US$235 million previous year, due to a US$1.6 billion charge related to new USA tax laws. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since January 26, 2017 and is uptrending. The firm's quarterly revenue was up 9.2% on a year-over-year basis.

Sears Hldgs Corp (NASDAQ:SHLD)'s revenue estimates for the current quarter are $3.86 Billion according to 1 number of analysts, for the current quarter the company has high revenue estimates of $3.86 Billion in contradiction of low revenue estimates of $3.86 Billion. Honkamp Krueger Financial Services Inc. now owns 4,546 shares of the data storage provider's stock worth $375,000 after buying an additional 132 shares in the last quarter.

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