WDC - Western Digital Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+3.00 (+7.30%)
At close: 4:00PM EDT

44.02 -0.08 (-0.18%)
After hours: 7:59PM EDT

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Previous Close41.10
Bid44.02 x 800
Ask44.08 x 2900
Day's Range43.43 - 45.34
52 Week Range33.83 - 80.12
Avg. Volume5,873,045
Market Cap12.921B
Beta (3Y Monthly)1.95
PE Ratio (TTM)67.02
EPS (TTM)0.66
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & Yield2.00 (4.87%)
Ex-Dividend Date2019-06-27
1y Target Est52.78
Trade prices are not sourced from all markets
  • Barrons.com7 hours ago

    Buy Western Digital Stock Because of Micron’s Better-Than-Expected Earnings, Analyst Says

    Western Digital stock has gotten some potentially good news from its competitor Micron’s latest earnings report, according to Craig-Hallum.

  • TheStreet.com10 hours ago

    Western Digital Soars After Analyst Upgrade Shares Following Micron Earnings

    climbed 7.9% to $44.33 Wednesday after Craig-Hallum upgraded the data storage device company's stock to buy from hold with a price target of $54. Micron Technology beat analysts' forecasts in its third-quarter earnings and said it sees a solid rebound in memory demand over the second half of the year. There are risks investing in Western Digital, Schwab wrote, noting that the hard drive industry is characterized by declining average selling prices.

  • Western Digital Ties Up With Veeam to Expand Flash Portfolio
    Zacks13 hours ago

    Western Digital Ties Up With Veeam to Expand Flash Portfolio

    Western Digital (WDC) ongoing expansion of product portfolio bodes well for the top line.

  • Business Wire2 days ago

    Western Digital IntelliFlash™ All-Flash Arrays Now a Veeam® Integrated Solution

    IntelliFlash Storage Snapshot Plug-in for Veeam further extends data protection and management in virtualized and hybrid-cloud environments

  • Fund Managers Are Bearish on Growth and Corporate Profit Outlook
    Market Realist7 days ago

    Fund Managers Are Bearish on Growth and Corporate Profit Outlook

    The BAML survey highlighted the fact that investors are very bearish on growth expectations. A net 50% of the respondents expect global growth to weaken over the next 12 months. A record number of investors said that the global economy was in the late cycle.

  • Micron and NVIDIA Lead Semiconductor Gains on June 18
    Market Realist9 days ago

    Micron and NVIDIA Lead Semiconductor Gains on June 18

    Semiconductor stocks have spiraled upwards today. The VanEck Vectors Semiconductor ETF (SMH) is up 4.6% currently, while the iShares PHLX SOX Semiconductor ETF (SOXX) is up 4.9%. Though trade war concerns remain, some stocks like NVIDIA might be undervalued due to their recent declines.

  • Chipmakers Surge as Trade Optimism Offsets Analyst Caution
    Bloomberg9 days ago

    Chipmakers Surge as Trade Optimism Offsets Analyst Caution

    (Bloomberg) -- Shares of semiconductor companies rallied on Tuesday as optimism that trade tensions between the U.S. and China could be easing pushed investors to look past a growing consensus that an industry rebound is unlikely to occur in the second half of the year.The Philadelphia semiconductor index advanced as much as 5%, compared with a 1.4% increase in the S&P 500 Index. Among notable gainers, Nvidia Corp. rose 6.8% while Micron Technology Inc. jumped 6.8% and Western Digital Corp. added 6.4%. Texas Instruments Inc. gained 4.2% while Intel Corp. rose 4%.The advance came after President Donald Trump said he had a “very good” phone conversation with Chinese President Xi Jinping and that he would hold an “extended meeting” with him at the G-20 meeting. Trump had previously threatened to raise tariffs if Xi didn’t sit with him at next week’s meeting in Japan.Chipmakers have been highly correlated to the trade issue, as the companies derive a hefty percentage of their revenue from China. The country is also a key part of their supply chains. Recently, semiconductor volatility rose after the Trump administration blacklisted Huawei, a major consumer to a number of semiconductor companies. Last week, Broadcom Inc. cut its full-year sales forecast because of trade risks and its Huawei exposure.“Huawei casts a large shadow,” Stifel analysts wrote on Tuesday. “There is no getting around its significance.” Analyst Brian Chin lowered his estimates for a number of semiconductor companies for the second half of the year, saying that the industry’s “malaise” in May was “now too acute to ignore.”That view was echoed by analysts at KeyBanc Capital Markets in a report dated June 17. The firm wrote that “the recent U.S./China trade war escalation, including the Huawei ban, has dashed hopes for a 2H recovery for broad-based semiconductors.” Analyst Weston Twigg added that a trip to Asia “left us more cautious” on the industry, and that there was an “increased risk to forward estimates” as the trade dispute “has led to a meaningful decline in bookings.”Deutsche Bank analysts recently returned from an Asia trip of their own, emerging “more cautious on the semiconductor and semicap sectors” as a result, “especially given that the often promised H2 rebound is looking increasingly optimistic.”Analyst Rob Sanders wrote that trade tensions were “significantly elevating uncertainty surrounding near- and mid-term business conditions,” and that “in most instances, this uncertainty is acting as a headwind to demand.”The escalation in trade-related tensions came at a time when the industry has already been struggling with weak demand and high inventory levels. According to the Semiconductor Industry Association, total semiconductor sales sank 17.7% in April, its most recent month of data.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Jennifer Bissell-Linsk, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Western Digital Extends Openness of PlatformIO and Enhances Its RISC-V Portfolio to Accelerate Data-Centric Innovation
    Business Wire9 days ago

    Western Digital Extends Openness of PlatformIO and Enhances Its RISC-V Portfolio to Accelerate Data-Centric Innovation

    Western Digital Corp. (WDC) today announced a new a strategic partnership with PlatformIO Labs, OÜ, in collaboration with SiFive, Inc., to extend the openness of PlatformIO vendor-agnostic embedded development platform to include new tools, thereby providing an end-to-end, open environment for innovation, including development for RISC-V. Fueled by positive feedback from the developer community, Western Digital also unveiled key new enhancements to its open-sourced RISC-V SweRV Core™ and cache-coherent fabric, OmniXtend™. Together, these announcements further the company’s support of the RISC-V initiative and extend its leadership in the development of new open, purpose-built compute architectures to address the explosive increase in data driven by high-growth applications such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and more.

  • 25 Stocks to Ditch Before the Fed Meeting
    Schaeffer's Investment Research13 days ago

    25 Stocks to Ditch Before the Fed Meeting

    One chip stock could extend its weekly losing streak to nine

  • Benzinga14 days ago

    Najarian Brothers See Unusual Options Activity In Western Digital, EQT And SSR Mining

    On CNBC's "Fast Money Halftime Report," Jon Najarian said options traders bought 16,000 contracts of the January 55 calls in Western Digital Corp (NASDAQ: WDC) in the first half of the session on Thursday. Najarian has also noticed a purchase of almost 5,000 contracts of the July 17 calls in EQT Corporation (NYSE: EQT). Learn from Jon Najarian and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!

  • 5 Great Dividend Stocks to Buy From the Tech Sector
    InvestorPlace14 days ago

    5 Great Dividend Stocks to Buy From the Tech Sector

    When most investors hunt for dividend stocks, the technology sector is often not on their shopping list. The perception is that most technology firms need and are forced to plow every extra cent back into their businesses in order to fuel growth. As a result, tech stocks are seen as a strictly capital appreciation element for a portfolio.However, this isn't true at all. Tech stocks make for amazing dividend stocks.The reality is, that many firms in the tech sector are cash flow and profit machines. Thanks to surging revenues and high margins, mature tech firms simply mint money at this point. So much, in fact, that many have too much money sitting on their balance sheets. To rid themselves of that excess cash, many tech stocks have started paying some hefty dividends. And they have been growing those dividends by leaps and bounds too.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the end, when looking for dividend stocks, the technology sector should be the first stop for portfolios rather than an afterthought. But which tech stocks have what it takes to be considered good dividend stocks as well? * 7 High-Quality Cheap Stocks to Buy With $10 Here are five that are worthy of consideration. Cisco (CSCO)Source: Shutterstock Dividend Yield: 2.45%No list of dividend stocks in the tech sector can be written without the firm that started the modern trend of payouts from tech. We're talking about Cisco (NASDAQ:CSCO). CSCO started paying a token dividend back in 2011 and hasn't looked back, growing that payout by more than 480%. And it's easy to see why Cisco has become such a dividend stalwart.Sensing a slowdown in networking, router and physical equipment sales, CSCO started to pivot into more software and services. Cloud computing, cybersecurity and other such products have quickly become big-time money makers for the firm. Perhaps, more importantly, these sales come with higher margins, reoccurrence and the ability to add value/upsell networking transactions. "We just built you this massive network for your cloud operations. Would you like us to secure it as well?"Because of this, CSCO has become a cash flow giant. Last quarter alone, the firm managed to see a 16% jump in operating cash flows once adjusting to overseas taxes paid for the Tax Cuts and Jobs Act. Meanwhile, cash on CSCO's balance sheet has swelled to more than $34.6 billion.With sales of software/services continuing to rise, CSCO should be able to keep bringing in the cash for the long haul. Even better is that the growth in data centers and 5G networking is once again boosting equipment sales.At the end of the day, Cisco is one of the best dividend stocks to buy -- tech sector not. Seagate Technology (STX)Source: Shutterstock Dividend Yield: 5.75%Like previously mentioned Cisco, Seagate Technology (NASDAQ:STX) may seem like a relic from the dot-com days. However, STX has managed to see plenty of new life in recent years. The key is data center demand is making one heck of a dividend stock.For many years after the dot-com bust, STX struggled. The rise of mobile and tablet computing crimped PC sales. At the same time, flash-based solid-state drives (SSD) hit Seagate's platter-based hard disk drives (HDDs) right in the wallet. SSDs are faster, smaller, and more power-efficient. Manufacturers liked these facts and started favoring them in PCS and other devices. As a result, STX stocks stagnated and was looking like a lost cause.That is until cloud computing and data center demand started to take over.It turns out, those building out networks and data centers prefer capacity over speed. That makes HHDs much better suited for this application. Since Seagate dove into SSD production -- like rival Western Digital (NASDAQ:WDC) -- it's been able to reap the full benefits of this expansion. Year to date, STX has managed to produce $1.3 billion in cash flow from operations and $862 million in free cash flows from higher drive demand. * 6 Growth Stocks That Could Be the Next Big Thing And naturally, Seagate has been rewarding investors with that extra cash. Today, shares yield a tech-sector high 5.75%. Apple (AAPL)Source: Yuanbin Du Via FlickrDividend Yield: 1.58%225 billion.That's a big number. It also happens to be the amount of cash Apple (NASDAQ:AAPL) has on its balance sheet. This makes the consumer tech company one of the most cash-rich firms on the planet. That fact alone could make it a big buy. But the fact that Apple has quickly become one of the leading dividend stocks and continues to increase its buyback programs makes it a big buy right now.The key is that Apple has been able to use its vast cadre of devices to sell apps, music, movies and games. This helps Apple produce plenty of cash flows. Meanwhile, its shift into various services and other add-ons for its customers have only enhanced its cash flows further. So, even though AAPL has been handing out plenty of cash to investors, its over cash balance continues to hover over that $200 billion mark. Last year, Apple spent more than $74 billion on buybacks and raised its dividend by roughly 5.5%.With new devices hitting the markets and a focus on building out content for those devices, Apple should have no problem growing that cash balance far into the future. That should make dividend investors happy. And while there are some risks with revenue slowdowns and Chinese trade, that massive cash pile provides such a huge cushion to keep the dividend grow going.With that, Apple is still one of the best dividend stocks around. Equinix (EQIX)Source: Shutterstock Dividend Yield: 1.95%One of the biggest trends in tech continues to be the growth of cloud computing and mobile access. Any time you use an app to go shopping or check your bank balance, you're tapping into a data center far away. It turns out that's a very good business to be in. Just ask Equinix (NASDAQ:EQIX).EQIX is the world's largest owners of these data centers -- with more than 200 under its umbrella. The key is that EQIX doesn't actually own or really operate the centers, it's a real estate investment trust (REITs). That is, it owns the specialized buildings and rents space inside to firms to build their required computing needs. It's essentially an apartment building owner for computers.Given the continued surge in data center demand from e-commerce, cloud computing, and mobile operations, EQIX has been sitting pretty over the last few years. Revenues and funds from operations rose by 14% and 12%, respectively in the first quarter of the year. This continues the REITs string of strong performance. The FFO growth is of particular interest as this cash flow directly translates into how much money a REIT can hand back as dividends to its shareholders.On that front, EQIX has been a champion as well. The data center giant has paid plenty of special stock dividends to its shareholders and has managed to grow its cash payout by 45% since 2014. * 7 Dark Horse Stocks Winning the Race in 2019 With continued demand for data centers assured, EQIX is the best dividend stock to play tech's backbone. Shares currently yield 1.95%. First Trust NASDAQ Technology Dividend ETF (TDIV)Source: Shutterstock Dividend Yield: 2.97%Considering that this list didn't even touch such amazing tech dividend stocks like Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) or even Texas Instruments (NYSE:TXN), one approach could be to think broad. There are plenty of tech ETFs on the market, but only the First Trust NASDAQ Technology Dividend ETF (NYSEArca:TDIV) tackles the sector with a dividend approach.The $1 billion fund tracks an index that screens for tech stocks that have paid a regular or common dividend within the past 12 months and haven't cut the payout either. This provides exposure to all the top names in tech that pay dividends -- currently at 83 different stocks. This includes all the names on this list as well. That focus also throws off a surprising amount of income as well. Today, TDIV has an SEC 30-day yield of nearly 3%. That's' better than the S&P 500 and current yields on Treasury bonds.And as a total return component, TDIV has been top notch. Since its inception in 2012, the ETF has roughly doubled in share price and managed to produce an average annual return of around 12%. That's around the same as the S&P 500. The key is that TDIV has been less volatile than the broader index. Less volatile than all the tech stocks in the broader index as well. The secret is in the power of the dividends.All in all, for investors looking to score some hefty dividends from tech and take advantage of the sector's growth, TDIV could be the best way to capture those benefits.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 5 Great Dividend Stocks to Buy From the Tech Sector appeared first on InvestorPlace.

  • Markit14 days ago

    See what the IHS Markit Score report has to say about Western Digital Corp.

    Western Digital Corp NASDAQ/NGS:WDCView full report here! Summary * Bearish sentiment is moderate Bearish sentimentShort interest | PositiveShort interest is moderate for WDC with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WDC had net inflows of $3.87 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is 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 score@ihsmarkit.com.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.

  • What’s Affecting Western Digital’s Gross Margin?
    Market Realist16 days ago

    What’s Affecting Western Digital’s Gross Margin?

    Western Digital Feels the Heat of the US-China Trade War(Continued from Prior Part)Western Digital’s gross margin Western Digital (WDC) manufactures HDDs (hard disk drives) and Flash SSDs (solid state drives) for smartphones, PCs, and data

  • Business Wire16 days ago

    Western Digital Champions Zoned Storage, an Open Initiative to Redefine Data Centers for Zettabyte Scale

    The Zoned Storage initiative brings together tools and resources, leveraging advantages of zone block management, for architecting a robust, efficient and purpose-built storage tier to achieve competitive TCO now and into the future. A new developer site, hosted by Western Digital on ZonedStorage.io, includes open-source, standards-based tools and resources for ZNS and SMR. Western Digital demonstrates 20TB with expected shipment in 2020.

  • WDC Stock Underperforms MU and Enters Technical Weakness
    Market Realist17 days ago

    WDC Stock Underperforms MU and Enters Technical Weakness

    Western Digital Feels the Heat of the US-China Trade War(Continued from Prior Part)Memory stocks fall in May Memory stocks were among the worst hit by the semiconductor slowdown created by the crypto bubble burst in June 2018 and the US-China trade

  • US-China Trade War Extends Memory Market Downturn
    Market Realist17 days ago

    US-China Trade War Extends Memory Market Downturn

    Western Digital Feels the Heat of the US-China Trade War(Continued from Prior Part)Memory stocks fall in MayMemory chip stocks Western Digital (WDC) and Micron (MU) started falling in May when the United States increased its tariffs on Chinese

  • US-China Trade War Impacts Western Digital
    Market Realist17 days ago

    US-China Trade War Impacts Western Digital

    Western Digital Feels the Heat of the US-China Trade WarWestern Digital and the US-China trade war At the Bank of America Global Tech Conference on June 6, Western Digital’s (WDC) CEO, Steve Milligan, provided an update on the impact of the recent

  • Seagate Ups Ante with 16TB Capacity Storage Solutions (revised)
    Zacks20 days ago

    Seagate Ups Ante with 16TB Capacity Storage Solutions (revised)

    Seagate (STX) unveils much-awaited 16TB hard drives, posing threat to storage peers like Western Digital.

  • Here’s What Hedge Funds Think About Western Digital Corporation (WDC)
    Insider Monkey20 days ago

    Here’s What Hedge Funds Think About Western Digital Corporation (WDC)

    Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

  • Nvidia Stock Is Out of Favor on Wall Street — Own It Anyway
    InvestorPlace20 days ago

    Nvidia Stock Is Out of Favor on Wall Street — Own It Anyway

    Not too long ago, Nvidia (NASDAQ:NVDA) stock could do no wrong. At the highs, Wall Street experts unanimously said that it was the stock to own in every portfolio. Nvidia hit $290 per share at its all-time high.Source: Shutterstock Since then, Nvidia stock has fallen off a cliff. It's now under $150 and can't even hold a rally. In March it showed some promise, but that too failed. The bulls couldn't even fill a giant open gap from its horrendous November earnings report.I recently wrote a note that it could be headed to $200 per share, but since then, that effort also failed. Now it's back to the December lows while the S&P 500 remains 21% off its lows. Clearly NVDA stock is out of favor on Wall Street.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking Forward in NVDA StockSo what now? Is it time to panic out of it?No.If I still am long Nvidia at this level, it would be a mistake to capitulate right here. This is a proven bounce level for the stock, so I can probably count on it continuing to be so until it's lost. Technically speaking, the stock has been in a descending lower high trend bouncing against a proven floor. More often than not, the floor holds, making a rally from these level likely. To open a new trap door from these low levels, I bet it will take incrementally bad news. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% But the risk is there, so it's important to know where it lies. If the bears are able to breach this support, then they would trigger a pattern to target $98 per share. This is not my forecast, but it is the negative scenario that looms below.NVDA valuation helps the bulls here. At $290 per share it was too expensive, as the price crash proves. But at these levels here the trailing price-to-earnings ratio is down to 30. This is relatively cheap if I compare it to something like Advanced Micro Devices (NASDAQ:AMD). It is still almost three times as expensive as Intel (NASDAQ:INTC) -- but for good reason. But maybe you get what you pay for, as AMD is up almost 80% year to date, while for the same period NVDA is up 8% and INTC is red.Fundamentally speaking, the demand on Nvidia products and services will continue to be strong for years to come. This is a premier technology company and one of only a few that will power the tremendous global migration to the digital world. We have a new world of AI and self-driving cars coming soon. This trend is not likely to reverse anytime soon.Nvidia's technology is solid, so they show no evidence of managerial flubs. So as an investor, I continue to give them the benefit of the doubt that they will continue to successfully execute on their plans.So to recap so far, here are my assumptions: I acknowledge that NVDA is no longer popular on Wall Street, but that alone is not a bad thing. And they have value here and very little froth left to shed. And most importantly, they still provide excellent products.So I can buy NVDA stock for the long-term, and I don't worry about the short-term dips for as long as my assumptions remain true. For those who prefer to trade around the short-term levels, there are some lines to know.Above $147, it could target $156 per share. But there are resistance levels in the way. On June 5, there was a sharp reversal from $146.20, so I have to mark it as important as well. Conversely, if the bears can break through $139.75, they could get the chance to set a new low below $132.There are outside factors too. It is important to note that any rallies in Nvidia stock will need the help of the global equity markets. We are still under the threat of geopolitical headlines because of the economic wars that are going on, so it would be smart to take positions in tranches and not all at once. This would leave room to manage dips.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Nvidia Stock Is Out of Favor on Wall Street -- Own It Anyway appeared first on InvestorPlace.

  • Seagate Ups the Ante with 16TB Capacity Storage Solutions
    Zacks21 days ago

    Seagate Ups the Ante with 16TB Capacity Storage Solutions

    Seagate (STX) unveils much-awaited 16TB hard drives, posing threat to storage peers like Western Digital.

  • Is Western Digital Corporation's (NASDAQ:WDC) CEO Paid Enough Relative To Peers?
    Simply Wall St.23 days ago

    Is Western Digital Corporation's (NASDAQ:WDC) CEO Paid Enough Relative To Peers?

    Steve Milligan has been the CEO of Western Digital Corporation (NASDAQ:WDC) since 2013. This report will, first...

  • Business Wire23 days ago

    ibi™, the Smart Photo Manager, is the Ultimate Father’s Day Gift to Help Dad Connect with the People and Memories He Cares about Most

    Popular opinion may hold that it is typically mom who plays the role of the family historian, constantly documenting and revisiting precious memories of their loved ones. In reality, dads are just as likely to cherish family photos and videos, and use them to connect with the most important people in their lives. “Because fathers are less inclined to publicly share personal photos or stories, many assume they care less than mothers about family memories.

  • Western Digital (WDC) Dips More Than Broader Markets: What You Should Know
    Zacks24 days ago

    Western Digital (WDC) Dips More Than Broader Markets: What You Should Know

    Western Digital (WDC) closed the most recent trading day at $37.11, moving -0.3% from the previous trading session.

  • Is Western Digital a Buy?
    Motley Fool24 days ago

    Is Western Digital a Buy?

    The hard-drive maker is about to bounce off the rock-bottom floor of a deep, dark cyclical downturn.