Today's Hot Stock Under Review - Western Digital Corporation (NASDAQ: WDC)

Mindy Sparks
March 29, 2018

Investors also need to beware of the Western Digital Corporation (NASDAQ:WDC) valuations. It has outperformed by 5.77% the S&P500.

R-M Sincerbeaux Capital Management decreased its stake in General Electric Co (GE) by 88.18% based on its latest 2017Q4 regulatory filing with the SEC. The institutional investor held 6,686 shares of the public utilities company at the end of 2017Q4, valued at $323.69 million, up from 4,750 at the end of the previous reported quarter. Dorsey Wright & Associates who had been investing in Best Buy Inc Com for a number of months, seems to be less bullish one the $20.16 billion market cap company. Renaissance Technologies LLC now owns 2,431,182 shares of the data storage provider's stock worth $193,352,000 after purchasing an additional 976,433 shares in the last quarter. About 318,156 shares traded. Signature Bank (NASDAQ:SBNY) has declined 1.22% since March 28, 2017 and is downtrending. It has outperformed by 35.07% the S&P500. Morgan Stanley maintained the stock with "Equal-Weight" rating in Wednesday, December 13 report.

For trailing twelve months, Western Digital Corporation (NASDAQ: WDC)'s price to sales ratio stands at 1.50. Shares for $374,818 were sold by REED THOMAS H on Friday, March 23.

Winslow Evans & Crocker Inc, which manages about $600.60 million and $311.16 billion US Long portfolio, decreased its stake in Enterprise Prods Partners L (NYSE:EPD) by 1,098 shares to 109,380 shares, valued at $2.90B in 2017Q4, according to the filing. It also increased its holding in Mazor Robotics Ltd Sponsored A (NASDAQ:MZOR) by 32,828 shares in the quarter, for a total of 121,540 shares, and has risen its stake in Sap Se Spon Adr (NYSE:SAP).

Investors sentiment is 1.32 in 2017 Q4. The firm has a market cap of $30,003.00, a PE ratio of 76.31, a P/E/G ratio of 0.42 and a beta of 1.11. It also reduced Ameren Corp (NYSE:AEE) stake by 8,118 shares and now owns 24,054 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% or 3,400 shares in its portfolio. California State Teachers Retirement System reported 147,151 shares stake. (NYSE:TRGP). First In holds 0.02% of its portfolio in Targa Resources Corp. Bokf Na invested in 16,311 shares. Illinois-based Great Lakes Advsr Ltd Liability has invested 0.1% in Neogen Corporation (NASDAQ:NEOG). Petrus Trust Lta holds 7,846 shares. Raymond James Fin Service Advsrs has 42,127 shares. Davenport & Company Ltd Limited Liability Company accumulated 3,473 shares. The stock closing price is now trading upward to its 50 day moving average with change of 2.35%, tumbled to its 20 day moving average with figure of -4.98% and above its 200 day moving average with value 5.41%. Lombard Odier Asset Management (Europe) Ltd holds 3,283 shares. Commerzbank Aktiengesellschaft Fi accumulated 5,289 shares. Todd Asset Management Limited Liability has 173,624 shares.

Among 5 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. The company's distance from 52-week high price is -13.82% and the current price is 20.36% away from 52-week low price. The stock had a trading volume of 2,807,589 shares, compared to its average volume of 4,292,854. As per Monday, June 26, the company rating was maintained by BMO Capital Markets. Deutsche Bank maintained Signature Bank (NASDAQ:SBNY) rating on Thursday, July 20. Roth Capital maintained the stock with "Hold" rating in Thursday, January 4 report. WDC's profit will be $883.76 million for 7.73 P/E if the $2.97 EPS becomes a reality. After $3.62 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -17.96% negative EPS growth.


Investors sentiment decreased to 1.07 in 2017 Q4. The stock trades on a P/S of 1.3, which suggests that the shares are attractive compared with peers. It worsened, as 68 investors sold WDC shares while 219 reduced holdings. 151 funds opened positions while 383 raised stakes. Overall, the share price is up 5% so far this year. Tributary Capital Management Ltd holds 0.13% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 19,300 shares. ValuEngine downgraded Western Digital from a "strong-buy" rating to a "buy" rating in a research report on Friday. Information in this release is fact checked and produced by competent editors of Alpha Beta Stock; however, human error can exist.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on April, 26. Meiji Yasuda Asset Mgmt Company Limited owns 7,669 shares for 0.06% of their portfolio. 127,360 are owned by Toronto Dominion Bank.

Active investors may be interested in tracking historical stock price information on shares of Western Digital Cp (WDC). The data storage provider reported $3.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.44. During the same period in the prior year, the company posted $2.30 EPS. analysts predict that Western Digital will post 12.76 earnings per share for the current fiscal year.

Analyst notified mean rating at 2.00 after consensus analysis. The North Carolina-based Parsec Finance Mngmt Incorporated has invested 0.55% in Western Digital Corporation (NASDAQ:WDC). Two Sigma Advisers LP now owns 1,186,316 shares of the data storage provider's stock valued at $94,348,000 after acquiring an additional 1,125,930 shares during the period.

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