Western Digital
About: Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Employees: 51,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
107% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 68
58% more call options, than puts
Call options by funds: $1.81B | Put options by funds: $1.14B
32% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 216
31% more funds holding in top 10
Funds holding in top 10: 29 [Q1] → 38 (+9) [Q2]
23% more capital invested
Capital invested by funds: $20.6B [Q1] → $25.4B (+$4.77B) [Q2]
11% more funds holding
Funds holding: 671 [Q1] → 744 (+73) [Q2]
9.8% more ownership
Funds ownership: 92.94% [Q1] → 102.74% (+9.8%) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Benchmark Mark Miller 51% 1-year accuracy 19 / 37 met price target | 42%upside $92 | Buy Reiterated | 26 Sept 2024 |
TD Cowen Karl Ackerman 50% 1-year accuracy 5 / 10 met price target | 23%upside $80 | Buy Maintained | 13 Sept 2024 |
Citigroup Asiya Merchant 65% 1-year accuracy 13 / 20 met price target | 31%upside $85 | Buy Maintained | 10 Sept 2024 |
Cantor Fitzgerald C J Muse 64% 1-year accuracy 48 / 75 met price target | 23%upside $80 | Overweight Reiterated | 10 Sept 2024 |
Evercore ISI Group Amit Daryanani 76% 1-year accuracy 32 / 42 met price target | 31%upside $85 | Outperform Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 13 articles about WDC published over the past 30 days