Western Digital declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 9th that allows the company to repurchase $2.10 billion in outstanding shares. The Shell Asset Management Co holds 150,467 shares with $13.00 million value, down from 155,643 last quarter. BOWEN BRUCE M also sold $804,173 worth of Plus500 Ltd. (LON:PLUS) shares. Turquoise Hill Resources Ltd. (NYSE:TRQ) has declined 2.47% since January 13, 2017 and is downtrending. It has outperformed by 24.43% the S&P500.
Shell Asset Management Co increased Equinix Inc (NASDAQ:EQIX) stake by 2,553 shares to 10,019 valued at $4.47 million in 2017Q3.
Western Digital Corp (NASDAQ:WDC) institutional sentiment is 1.12 in Q3 2017. The firm owned $68.74 million shares of the company's stock after selling 302850 shares during the period. KeyBanc Capital Markets maintained Western Digital Corporation (NASDAQ:WDC) on Wednesday, December 13 with "Hold" rating. It has outperformed by 109.15% the S&P500.
Since August 4, 2017, it had 0 buys, and 5 sales for $5.15 million activity. The insider Verbeck Robert E sold 2,522 shares worth $616,499. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Muilenburg Dennis A also sold $13.84 million worth of The Boeing Company (NYSE:BA) on Monday, July 31. After having $3.28 EPS previously, Western Digital Corporation's analysts see 4.88% EPS growth. They expect $14.10 earnings per share, down 0.77% or $0.11 from last year's $14.21 per share. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Its down 0.08, from 1.18 in 2017Q2. It turned negative, as 34 investors sold GNC shares while 43 reduced holdings. 67 funds opened positions while 200 raised stakes. About 2.99 million shares traded. M&T Commercial Bank Corporation reported 29,630 shares or 0.01% of all its holdings. Bp Plc owns 122,000 shares or 0.08% of their USA portfolio. Pacad Invest Limited invested in 0.02% or 5,500 shares. Gargoyle Investment Advisor Ltd Llc has invested 0.05% in GNC Holdings, Inc. Waldron Lp invested 0.12% of its portfolio in The Boeing Company (NYSE:BA). Parsec Financial Mgmt Incorporated accumulated 89,509 shares. Following the completion of the sale, the director now owns 16,421 shares in the company, valued at $1,488,235.23. Pinnacle invested 0.33% of its portfolio in The Boeing Company (NYSE:BA). Agf Invs America holds 0.57% or 17,220 shares in its portfolio. JEC's institutional ownership was registered as 86.60% while insider ownership was 0.50%. Wealthtrust, a Alabama-based fund reported 800 shares. Catawba Va stated it has 1.21% in The Boeing Company (NYSE:BA). Augustine Asset Mngmt Inc reported 1.75% stake. BlackRock Fund Advisors now owns 4,843,732 shares of the data storage provider's stock valued at $283,213,000 after buying an additional 218,012 shares during the last quarter. Longbow Research reiterated a "buy" rating and set a $120.00 price target on shares of Western Digital in a research report on Thursday, September 14th. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. However, at the Wall Street, the shares for the company has been tagged a $114.43 price target, indicating that the shares will rally 41.43% from its current levels. Wells Fargo maintained The Priceline Group Inc. Pacific Crest upgraded the shares of TSM in report on Friday, October 14 to "Sector Weight" rating. Susquehanna initiated the shares of PCLN in report on Thursday, October 20 with "Positive" rating. Guggenheim maintained the shares of WDC in report on Friday, July 28 with "Buy" rating. On Monday, December 18 the stock rating was maintained by Liberum Capital with "Buy". The company was maintained on Friday, May 27 by Jefferies. The firm has "Buy" rating given on Tuesday, August 18 by Vetr. The stock has an average rating of "Buy" and an average price target of $112.10. The rating was reinitiated by JP Morgan with "Neutral" on Wednesday, June 15. The Connecticut-based Virtus Invest Advisers has invested 0.05% in Western Digital Corporation (NASDAQ:WDC). During the same quarter previous year, the firm earned $1.18 earnings per share. WDC's profit will be $1.02B for 5.98 P/E if the $3.44 EPS becomes a reality.
Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. Virtu Limited Liability Corporation has 11,587 shares for 0% of their portfolio. It also reduced its holding in Davita Inc (NYSE:DVA) by 20,600 shares in the quarter, leaving it with 12,000 shares, and cut its stake in Vmware Inc (NYSE:VMW).
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Since August 3, 2017, it had 0 insider purchases, and 10 sales for $6.56 million activity.
In other news, insider Michael D. Cordano sold 1,397 shares of the firm's stock in a transaction dated Monday, November 13th. $263,330 worth of Western Digital Corporation (NASDAQ:WDC) was sold by Sivaram Srinivasan. Shares for $1.21 million were sold by DeMaria Jacqueline on Thursday, August 3. 1,446 shares were sold by LONG MARK P, worth $126,713 on Monday, September 11. With these types of results to display analysts, are more optimistic than before, leading 22 of analysts who cover Western Digital Corporation (NASDAQ:WDC) advice their clients to include it in their buy candidate list.
Ratings analysis reveals 69% of Western Digital's analysts are positive. Western Digital has $140 highest and $39 lowest target. Western Digital's quarterly revenue was up 9.9% on a year-over-year basis. analysts expect that Western Digital Corporation will post 12.21 EPS for the current fiscal year. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has "Neutral" rating given on Tuesday, June 28 by Goldman Sachs.
TRADEMARK VIOLATION WARNING: "Western Digital Corporation (NASDAQ:WDC) Insider Sells $119,085.00 in Stock" was published by Week Herald and is the property of of Week Herald. Finally, Neuberger Berman Group LLC raised its position in Western Digital Corporation by 103.1% in the second quarter. The firm earned "Outperform" rating on Thursday, January 5 by BMO Capital Markets. The stock has "Hold" rating by Jefferies on Friday, August 4. The company was maintained on Tuesday, October 10 by RBC Capital Markets. The rating was reinitiated by Liberum Capital with "Buy" on Tuesday, February 7.