Western Digital Corp At $50.36: Buy, Sell Or Hold?

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Western Digital Corp (NASDAQ:WDC)’s traded shares stood at 1.05 million during the latest session, with the company’s beta value hitting 1.48. At the last check today, the stock’s price was $50.36, to imply an increase of 1.04% or $0.52 in intraday trading. The WDC share’s 52-week high remains $61.62, putting it -22.36% down since that peak but still an impressive 42.75% since price per share fell to its 52-week low of $28.83.

Analysts have given a consensus recommendation of Buy for Western Digital Corp (WDC), translating to a mean rating of 1.46. Of 19 analyst(s) looking at the stock, 0 analyst(s) give WDC a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 16 recommend it as a Buy.

Western Digital Corp (NASDAQ:WDC) trade information

After registering a 1.04% upside in the latest session, Western Digital Corp (WDC) has traded red over the past five days. The 5-day price performance for the stock is 0.74%, and 25.37% over 30 days. With these gigs, the year-to-date price performance is 11.77%.

The extremes give us $50 and $82 for target low and target high price respectively. As such, WDC has been trading -62.83% off suggested target high and 0.71% from its likely low.

WDC Dividends

Western Digital Corp has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Western Digital Corp has a forward dividend ratio of 0.00, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year.

The next major institution holding the largest number of shares is BLACKROCK INC. with 28.09 million shares, or about 8.434% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.13 billion.

We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios-Semiconductors Portfolio as the top two Mutual Funds with the largest holdings of the Western Digital Corp (WDC) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 10.8 shares. This is just over 3.10% of the total shares, with a market valuation of $538.73 million. Data from the same date shows that the other fund manager holds a little less at 10.23, or 2.93% of the shares, all valued at about 510.1 million.

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