|Bid||50.21 x 900|
|Ask||50.22 x 3100|
|Day's Range||49.99 - 50.48|
|52 Week Range||35.38 - 62.13|
|Beta (3Y Monthly)||1.98|
|PE Ratio (TTM)||8.73|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||2.52 (5.26%)|
|1y Target Est||44.79|
WDC, MU, AMD among Top Gainers of the S&P 500 IndexWestern Digital stock soars on analyst ratingsThe April 16 trading session started with memory chip stocks among the top gainers of the S&P 500 Index (SPY). At the start of the trading
Seagate Technology PLC NASDAQ/NGS:STXView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for STX with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 21. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding STX is favorable, with net inflows of $24.39 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Shares of Seagate Technology PLC are up 1.4% in premarket trading Monday after Evercore ISI analyst C.J. Muse upgraded the stock to in-line from underperform. He wrote that consensus expectations for earnings per share in calendar 2019 have fallen to $3.90 from $6.15 since he assigned an underperform rating back in September. "With earnings estimates now reset, consensus expectations now largely conservative with risk to the upside, expectations for incremental share gains in CY19 and lastly expectations for green shoots to emerge across Nearline, we now see modest upside for shares," wrote Muse, who raised his price target to $45 from $33. Shares have climbed 26% in the past three months, while the S&P 500 has risen 12%.
NAB Booth# SL8511 – Today at the 2019 NAB Show, LaCie, the premium brand from Seagate Technology (STX), announced two new storage solutions for creative professionals and prosumers. The new LaCie® Rugged® RAID Shuttle and LaCie 2big RAID build on the brand’s record of efficient preservation of high-value, high-resolution digital imagery through the capture, edit, distribution, and archiving workflow. In fact, according to a recent IDC whitepaper sponsored by Seagate, the media and entertainment (M&E) datasphere – the amount of data created, captured or replicated across the globe – is expected to grow at a 25% compound annual growth rate (CAGR) from 2018 to 2025.
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What Do Analysts Expect from Western Digital in Q3 2019?(Continued from Prior Part)WDC is trading at a discount to analysts’ estimatesWestern Digital (WDC) is currently trading at $52.01. Of the 29 analysts tracking WDC, 22 have given
Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the fourth quarter. Among them, Amazon and Netflix ranked among the top 30 picks and both lost more than 25%. Facebook, which was the second most popular stock, lost 20% amid uncertainty regarding the interest rates and tech […]
What Do Analysts Expect from Western Digital in Q3 2019?(Continued from Prior Part)WDC stock is up 36% this yearWestern Digital (WDC) stock has gained close to 36% so far in 2019. Why has the stock risen despite the company’s dull revenue and
What Do Analysts Expect from Western Digital in Q3 2019?(Continued from Prior Part)Average revenue estimate of $16.65 billion in fiscal 2019 Analysts expect Western Digital’s (WDC) sales to fall 26.6% to $3.68 billion in the third quarter of fiscal
What Do Analysts Expect from Western Digital in Q3 2019?WDC is expected to post sales of $3.68 billion The earnings season is set to begin later this month. Semiconductor company Western Digital (WDC) will be one of the first companies to report its
Seagate Technology plc will report fiscal third quarter 2019 financial results before the market opens on Tuesday, April 30, 2019. The investment community conference call to discuss these results will take place that day at 6:00 a.m.
Volatile Lyft shares jumped then fell in their trading debut as the S&P 500 set a higher low and the PCE Price Index encouraged traders.
Last year was downright horrible for Western Digital (NASDAQ:WDC). And while the tech hardware sector lost almost 16% in 2018, WDC stock sunk almost 55% at the same time.But yes, it appears that the sentiment was way too negative. So from late December, Western Digital stock staged an impressive rally, up about 31% from its lows.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd the rally was broad-based across the chip sector, as Micron (NASDAQ:MU), Seagate Technology (NASDAQ:STX) and others also had strong moves on the upside. Tech hardware exchange-traded fund SPDR S&P Technology Hardware ETF (NYSEArca:XTH) regained 20.8% since Dec. 24. WDC stock is 11 of the ETF's 42 holdings, at 2.98% of the portfolio. 2H Pick-Up SeenOK, then, as for WDC stock, what can we expect now? Are the shares still worth a purchase? Well, it is encouraging that Western Digital CEO Stephen Milligan remains upbeat. In particular, he's expecting a pick-up in the second half of the year.One driver is the company's fairly robust product pipeline. On the earnings call, Milligan noted that it's the strongest in WDC's history. * 7 Beaten-Up Stocks to Buy as They Reverse Course He also said that the company is in the process of a major transition: "In Flash, we continue to lead the industry's transition to 96-layer BiCS4 technology. We expect broad implementation of this technology across our product portfolio in calendar 2019. We have 96-layer products in customer hands today." Cloud Growth BenefitsThere are positive long-term trends for WDC stock, as well. Perhaps the most important is the growth in the cloud industry, which is driven by aggressive investments from mega tech operators like Amazon.com (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), IBM (NYSE:IBM) and Oracle (NYSE:ORCL). The software industry is undergoing disruptive changes as customers are moving away from traditional on-premise software solutions.Oh, and the valuation on WDC stock is still reasonable. Note that the forward price-to-earnings multiple is 9x. The dividend yield is also an attractive 4.13%. Enough WDC Stock Positives?So all in all, there are clear positives for WDC stock. But unfortunately, they may not be enough. As we've seen in the past, it does not take much to negatively impact Western Digital's business.For example, even though the cloud industry looks attractive, there are signs that it may be facing growing pains. Already WDC's results have been weighed down by lower purchases as inventories have piled up. Granted, management believes this is temporary. But predicting quarterly demand levels can be tough.This is especially the case when there is growing economic uncertainty. And there is more and more evidence that the global economy is slowing down. Just look at the earnings call with FedEx (NYSE:FDX), where listeners were told: "World trade is slowing, and leading indicators point to positive but ongoing deceleration in trade growth in the near term." * 10 Stocks on the Rise Heading Into the Second Quarter Yet for WDC stock, the biggest risk factor is China, which represents a major source of demand for chips. During the first two months of the year, there have been drops in the growth rates for industrial output and home sales. This has come after China reported fourth-quarter GDP at 6.6%, which was the slowest pace since 1990.While there is optimism that the U.S.-China trade talks will come to a resolution soon, this does not necessarily mean things will quickly bounce back. The tariffs have caused a disruption that may have a lasting impact.In other words, when it comes to WDC stock, there could be more turbulence ahead -- and the recent rally may prove to be more of a temporary respite.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post Western Digital Stock Could Be Too Iffy Now As China Remains Risk Factor appeared first on InvestorPlace.
Micron in the 2019 Memory Industry Downtrend—What's Different?(Continued from Prior Part)Micron’s PE ratioMicron’s (MU) price ratios will always be lower than those of other semiconductor companies because the cyclical nature of its business
Micron in the 2019 Memory Industry Downtrend—What's Different?(Continued from Prior Part)Understanding Micron’s price ratios Micron Technology (MU) improved its fundamentals over the last two years, when the memory market was in an uptrend. At
U.S. equities are pausing for breath on Thursday, amid nagging concerns about the fate of U.S.-China trade talks and ongoing woes for Boeing (NYSE:BA) after President Trump grounded the 787 MAX -- becoming the last country to do so after two fatal crashes of similar circumstances in the last five months.The drag on the Dow Jones Industrial Average, of which Boeing is a component, means that index hasn't gone anywhere in over a month. And zooming out further, it hasn't gone anywhere since last summer when the 25,500 level was first crossed in July. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% As investors wait for action, it's a perfect time to be reminded of the allure of dividend stocks which literally pay you to wait. While large-cap, big-tech growth stocks have been getting all the attention in recent years, there is still a place for value-focused dividend stocks. Here are seven dividend stocks to check out:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Philip Morris International (PM)Philip Morris International (NYSE:PM) pays a dividend yield of 5.1%. On a technical basis, it's in clear uptrend territory: 3.5% above its 20-day moving average, 14.4% above its 50-day average, and 9.8% above its 200-day average. Shares were recently upgraded to buy by analysts at UBS, who are looking for a $101 price target.The company will next report results on April 18 before the bell. Analysts are looking for earnings of $1.02 per share on revenues of $6.8 billion. When the company last reported results on February 7, earnings of $1.25 beat estimates by nine cents on a 9.6% decline in revenues. Altria Group (MO)Shares of Altria (NYSE:MO) pay a dividend yield of 5.7%. The stock is on the move but not yet overextended: While above its 20-day and 50-day moving averages, its still below its 200-day average. * 7 Stocks to Buy With High ESG Momentum The company will next report results on April 25 before the bell. Analysts are looking for earnings of 94 cents per share on revenues of $4.6 billion. When the company last reported on January 31, earnings of 95 cents per share matches estimates on a 1.5% rise in revenues. The Williams Companies (WMB)Shares of The Williams Companies (NYSE:WMB) pay a dividend yield of 5.5%. The stock is above all three of its major moving averages, but remains 13.9% below its prior 52-week high. The energy pipeline play is well positioned to take advantage of the infrastructure shortage limiting the blitz of U.S. shale oil and gas activity.The company will next report results on May 1 after the close. Analysts are looking for earnings of 23 cents per share on revenues of $2.3 billion. When the company last reported on February 13, earnings of 19 cents per share missed estimates by five cents. Weyerhaeuser (WY)Weyerhaeuser (NYSE:WY) shares pay a dividend yield of 5.2%. Shares are above their 20-day and 50-day moving averages, but remain more than 14% below their 200-day average and nearly a third below the prior 52-week high. Shares recently enjoyed an upgrade by analysts at BMO Capital Markets and were initiated with a buy rating by analysts at Seaport Global Securities. * Are These 3 Airline Stocks in for a Smooth Flight or More Turbulence? The company will next report results on April 26 before the bell. Analysts are looking for earnings of 12 cents per share on revenues of $1.7 billion. When the company last reported on February 1, earnings of 10 cents per share missed estimates by two cents on a 10.3% drop in revenues. Seagate (STX)Seagate (NASDAQ:STX) shares pay a dividend yield of 5.3%. The company is quickly closing in on its 200-day moving average. Semiconductor and memory stocks have been perking up in recent weeks on reports of lean inventories across the industry and hopes of a resurgence of demand for digital devices as global manufacturing recovers.The company will next report results on May 1 after the close. Analysts are looking for earnings of 71 cents per share on revenues of $2.3 billion. When the company last reported on February 4, earnings of $1.41 beat estimates by 14 cents on a 6.6% drop in revenues. Invesco (IVZ)Invesco (NYSE:IVZ) shares pay a dividend yield of 6.2%. Shares are above both their 20-day and 50-day moving averages, but are still more than 12% below their 200-day average and more than 40% away from their prior 52-week high. Barclays analysts recently highlighted management's ongoing effort to find $475 million in cost savings, which would provide an earnings tailwind. * 15 Stocks Sitting on Huge Piles of Cash The company will next report results on April 25 before the bell. Analysts are looking for earnings of 49 cents per share on revenues of $861.5 million. When the company last reported on January 30, earnings of 44 cents per share missed estimates by 11 cents on an 8.5% drop in revenues. Nielsen Holdings (NLSN)Nielsen Holdings (NYSE:NLSN) shares pay a dividend yield of 5.2%. Shares are on a roll, above all three of their major moving averages as they close in on their prior 52-week high which remains 22% to the upside. The company is enjoying a lift thanks to the surge of television programming -- both over-the-air, cable, and streaming -- and the need for programmers to get solid audience data to make production decisions. Activist investor Elliott Management recently purchased a stake.The company will next report results on April 25 before the bell. Analysts are looking for earnings of 32 cents per share on revenues of $1.6 billion. When the company last reported on February 28 earnings of 28 cents per share missed estimates by 27 ents on a 5.8% drop in revenues.As of this writing, William Roth held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post 7 Dividend Stocks to Buy Today appeared first on InvestorPlace.
On the 03 April 2019, Seagate Technology plc (NASDAQ:STX) will be paying shareholders an upcoming dividend amount of US$0.63 per share. However, investors must have bought the company's stock beforeRead More...
New product additions will enhance the Western Digital's (WDC) existing product portfolio and aid it in securing a strong foothold in the global SSD market.