Short Interest in Western Digital Corporation (WDC) Rises By 30.4%

James Marshall
October 13, 2017

Sfmg Ltd Llc holds 3,000 shares. 3M Corp now has $129.32 billion valuation. It closed at $1.87 lastly. Gabelli Convertbl and Incm Scrts Fnd Inc (GCV) has risen 13.26% since October 11, 2016 and is uptrending. It has outperformed by 58.64% the S&P500. Finally, Deutsche Bank AG cut Western Digital Corporation from a "buy" rating to a "hold" rating and lowered their price target for the stock from $105.00 to $80.00 in a report on Wednesday, October 4th. Therefore 69% are positive. Finally, Aegis reiterated a "buy" rating and set a $130.00 target price on shares of Western Digital Corporation in a report on Monday, July 3rd. Capital Analysts LLC bought a new position in shares of Western Digital Corporation during the second quarter worth about $2,777,000. The firm has "Buy" rating given on Sunday, June 4 by Mizuho. The stock of Western Digital Corp (NASDAQ:WDC) earned "Buy" rating by Mizuho on Wednesday, June 21.

Analysts expect Western Digital Corp (NASDAQ:WDC) to report $3.00 EPS on October, 25.They anticipate $1.82 EPS change or 154.24% from last quarter's $1.18 EPS. Mutual Of America Capital Management Ltd Limited Liability Company has invested 0.07% in Western Digital Corp (NASDAQ:WDC). On Monday, June 6 the stock rating was maintained by Goldman Sachs with "Neutral". On Tuesday, April 11 the stock rating was upgraded by JP Morgan to "Overweight".

Analysts await 3M Co (NYSE:MMM) to report earnings on October, 24 before the open. The stock declined 2.65% or $2.55 reaching $93.5 on the news.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. Smithfield Tru invested in 483 shares. 52 funds opened positions while 98 raised stakes. Hartford Management reported 65,569 shares stake. Sei Invs Communications invested 0.1% of its portfolio in Western Digital Corp (NASDAQ:WDC). Ajo Ltd Partnership has 35,094 shares for 0.01% of their portfolio. 344.96 million shares or 1.00% less from 348.44 million shares in 2017Q1 were reported. Founders Capital Mgmt Limited Liability Corporation has 1,939 shares for 0.2% of their portfolio. Advisory Services Network Llc, a Georgia-based fund reported 700 shares. Central Asset Investments & Management Holdings Hk Ltd bought 217,540 shares as the company's stock rose 15.69% with the market. Gamco Investors Inc. Et Al owns 894,049 shares or 0.03% of their United States portfolio. First Personal Financial Services holds 0% or 66 shares. Berkshire Asset Management Ltd Liability Corporation Pa holds 2,511 shares. The stock rose 0.19% or $0.16 reaching $85.78 per share. California-based Bailard has invested 0.21% in 3M Co (NYSE:MMM). Insiders own 0.31% of the company's stock. Therefore 52% are positive. HB Fuller had 16 analyst reports since August 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained Western Digital Corp (NASDAQ:WDC) rating on Monday, January 18. The firm has "Buy" rating by Benchmark given on Friday, July 28. The firm earned "Neutral" rating on Thursday, January 19 by Macquarie Research. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, October 10 report. Credit Suisse maintained 3M Co (NYSE:MMM) rating on Wednesday, October 11. Jefferies Group LLC reiterated a "hold" rating and set a $90.00 target price on shares of Western Digital Corporation in a research note on Friday, August 18th. Maxim Group has "Buy" rating and $10800 target. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock.

Since May 3, 2017, it had 0 buys, and 4 insider sales for $6.59 million activity. The shares were sold at an average price of $88.71, for a total value of $834,228.84. About 1.64M shares traded.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, July 27th. During the same period previous year, the company earned $1.21 earnings per share. WDC's profit would be $885.42 million giving it 7.14 P/E if the $3.00 EPS is correct. After $2.63 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 14.07% EPS growth.

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. Equitec Specialists Llc who had been investing in Western Digital Corp (Put) for a number of months, seems to be bullish on the $25.39B market cap company. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). Fdx Advsrs reported 0.02% in Western Digital Corp (NASDAQ:WDC). It has outperformed by 109.15% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.06, from 1.09 in 2017Q1. It increased, as 41 investors sold WDC shares while 243 reduced holdings.

Hedge funds have recently added to or reduced their stakes in the stock. Old Mutual Customised Solutions (Proprietary) owns 6,305 shares. Buckingham Capital Mgmt holds 19,801 shares. Franklin Resources reported 60,521 shares or 0.01% of all its holdings. 3,000 are owned by Zweig. Schroder Investment Management Group grew its stake in Western Digital Corporation by 24,087.4% in the 2nd quarter. Bokf Na has 0.05% invested in Western Digital Corp (NASDAQ:WDC). Western Digital Corp's payout ratio is -133.33%. Olstein Capital Lp holds 86,500 shares.

In other Western Digital Corporation news, COO Michael D. Cordano sold 4,954 shares of the business's stock in a transaction that occurred on Thursday, July 20th. Great West Life Assurance Can accumulated 0.07% or 299,771 shares.

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