Cypress Funds LLC Raises Position in Western Digital Corporation (NASDAQ:WDC)

Geronimo Vena
Agosto 7, 2017

RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Honkamp Krueger Financial Services Inc. raised its position in Western Digital Corporation by 3.0% in the first quarter. SRS Capital Advisors Inc. now owns 1,453 shares of the data storage provider's stock worth $119,000 after buying an additional 306 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Western Digital Corporation during the first quarter worth $117,000.

Avalon Global Asset Management Llc increased Splunk Inc (NASDAQ:SPLK) stake by 7,890 shares to 98,420 valued at $5.03M in 2016Q4. Reilly Financial Advisors LLC now owns 1,383 shares of the data storage provider's stock valued at $114,000 after buying an additional 460 shares during the period. TX's holdings in Western Digital Corporation were worth $4,954,000 as of its most recent filing with the SEC. Over the last quarter, insiders have sold 90,069 shares of company stock valued at $8,144,646. Finally, Huntington National Bank raised its position in Western Digital Corporation by 7.7% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 4,546 shares of the data storage provider's stock valued at $375,000 after buying an additional 132 shares in the last quarter. Company insiders own 0.46% of the company's stock.

On August4, 2017, Western Digital Corporation ("Western Digital") announced that the Superior Court of California for the County of San Francisco (the "Court") made a decision to extend the temporary restraining order that the Court had granted on July11, 2017, in favor of Western Digital's SanDisk subsidiary pending entry of a preliminary injunction. The firm has fifty days moving average percentage of -6.09% to its latest price change.

Western Digital Corporation (NASDAQ:WDC) went up to recover about 88.37% since recording its record low price of $43.09.

Several analysts have released their opinion on Western Digital Corporation (NASDAQ:WDC), with 15 analysts believing it is a strong buy. The data storage provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.51 by $0.42. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.57 billion. Western Digital Corporation had a positive return on equity of 16.01% and a negative net margin of 1.32%. The business's quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter previous year, the firm earned $0.79 earnings per share. On average, equities research analysts anticipate that Western Digital Corporation will post $12.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Cap One Natl Association owns 0.04% invested in Western Digital Corp (NASDAQ:WDC) for 7,800 shares. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a yield of 2.12%. Western Digital Corporation's dividend payout ratio (DPR) is presently 156.25%.

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Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.17% in Western Digital Corp (NASDAQ:WDC). BMO Capital Markets reiterated a "buy" rating and set a $104.00 target price on shares of Western Digital Corporation in a research note on Thursday, April 27th. Maxim Group reiterated a "buy" rating and set a $108.00 target price on shares of Western Digital Corporation in a research note on Wednesday, June 21st.

Among 34 analysts covering Western Digital (NASDAQ:WDC), 26 have Buy rating, 1 Sell and 7 Hold. Sterne Agee CRT initiated Western Digital Corp (NASDAQ:WDC) on Tuesday, September 29 with "Buy" rating.

In other Western Digital Corporation news, insider Mark P. Long sold 28,585 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares price has positioned -10.53% down over the past quarter while it has directed 2.58% toward a rising position throughout past six months. Following the sale, the insider now directly owns 60,830 shares in the company, valued at approximately $5,495,382.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Charles Ray sold 1,365 shares of the business's stock in a transaction that occurred on Monday, May 15th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The disclosure for this sale can be found here. The Avalon Global Asset Management Llc holds 73,120 shares with $4.97 million value, down from 80,000 last quarter.

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry.

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