Swiss National Bank Has $42.64 Million Holdings in Western Digital Co. (NASDAQ:WDC)

Swiss National Bank reduced its holdings in Western Digital Co. (NASDAQ:WDC) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166,575 shares of the data storage provider’s stock after selling 15,500 shares during the quarter. Swiss National Bank’s holdings in Western Digital were worth $42,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kore Private Wealth LLC lifted its holdings in Western Digital by 4,250.0% during the 2nd quarter. Kore Private Wealth LLC now owns 609 shares of the data storage provider’s stock worth $26,000 after buying an additional 595 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Western Digital during the 3rd quarter worth $26,000. Valeo Financial Advisors LLC lifted its holdings in Western Digital by 2,219.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 603 shares of the data storage provider’s stock worth $27,000 after buying an additional 577 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Western Digital by 177.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 615 shares of the data storage provider’s stock worth $27,000 after buying an additional 393 shares in the last quarter. Finally, CX Institutional lifted its holdings in Western Digital by 338.2% during the 3rd quarter. CX Institutional now owns 745 shares of the data storage provider’s stock worth $27,000 after buying an additional 575 shares in the last quarter. 78.49% of the stock is currently owned by institutional investors and hedge funds.

Western Digital stock opened at $42.42 on Friday. The firm has a 50-day moving average of $39.32 and a 200-day moving average of $40.46. Western Digital Co. has a one year low of $27.40 and a one year high of $72.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.05 and a quick ratio of 1.36. The company has a market cap of $12.91 billion, a price-to-earnings ratio of -49.91 and a beta of 1.49.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, October 28th. The data storage provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.31. Western Digital had a negative net margin of 1.49% and a positive return on equity of 6.72%. As a group, sell-side analysts expect that Western Digital Co. will post 1.69 earnings per share for the current year.

Several research analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $56.00 price objective on shares of Western Digital in a report on Tuesday, October 27th. Cleveland Research raised Western Digital from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Robert W. Baird cut their price target on Western Digital from $75.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Bank of America cut their price target on Western Digital from $61.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Western Digital from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. Western Digital has a consensus rating of “Buy” and an average target price of $61.71.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and flash products.

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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