Yousif Capital Management LLC Has $2.64 Million Stock Position in Western Digital Co. (NASDAQ:WDC)

Yousif Capital Management LLC trimmed its position in shares of Western Digital Co. (NASDAQ:WDC) by 11.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,443 shares of the data storage provider’s stock after selling 6,367 shares during the period. Yousif Capital Management LLC’s holdings in Western Digital were worth $2,642,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Naples Money Management LLC acquired a new position in shares of Western Digital during the 4th quarter worth approximately $26,000. Lindbrook Capital LLC raised its position in shares of Western Digital by 121.7% in the fourth quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 337 shares during the period. Parkside Financial Bank & Trust grew its stake in Western Digital by 79.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock valued at $34,000 after buying an additional 330 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Western Digital during the third quarter worth approximately $41,000. Finally, CVA Family Office LLC bought a new stake in shares of Western Digital during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WDC. StockNews.com upgraded Western Digital from a “sell” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Western Digital from $58.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Susquehanna increased their target price on shares of Western Digital from $68.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Raymond James cut Western Digital from an “outperform” rating to a “market perform” rating in a research note on Monday, April 22nd. Finally, TD Cowen upped their target price on Western Digital from $50.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.76.

Western Digital Price Performance

Shares of WDC opened at $69.86 on Tuesday. Western Digital Co. has a 12 month low of $32.01 and a 12 month high of $76.92. The company has a quick ratio of 1.07, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $65.39 and its two-hundred day moving average price is $55.26.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, April 25th. The data storage provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.42. Western Digital had a negative net margin of 12.87% and a negative return on equity of 13.75%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the business earned ($1.57) EPS. The company’s revenue was up 23.3% compared to the same quarter last year. As a group, research analysts expect that Western Digital Co. will post -2.21 EPS for the current year.

Insider Transactions at Western Digital

In related news, SVP Gene M. Zamiska sold 443 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $75.00, for a total transaction of $33,225.00. Following the completion of the sale, the senior vice president now owns 30,958 shares of the company’s stock, valued at $2,321,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kimberly Alexy sold 2,648 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $69.95, for a total transaction of $185,227.60. Following the transaction, the director now directly owns 20,509 shares of the company’s stock, valued at approximately $1,434,604.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gene M. Zamiska sold 443 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $75.00, for a total value of $33,225.00. Following the sale, the senior vice president now owns 30,958 shares of the company’s stock, valued at approximately $2,321,850. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and 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.