Toshiba, Western Digital Settle Chip Unit Dispute (News)

14 December, 2017, 12:47 | Author: Valerie Burke
  • Western Digital had injected itself into Toshiba’s attempts to find a buyer tried to join a rival bidding consortium and according to the Toshiba side made the whole process more difficult

The firm had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.13 billion. Total S A now has $141.38B valuation. Companies with a high P/E ratio are typically growth stocks. Grimes And Company holds 104,811 shares or 1.04% of its portfolio.

Western Digital (WDC) opened at $81.77 on Wednesday. It has underperformed by 3.03% the S&P500. Therefore 69% are positive. Finally, ValuEngine downgraded shares of Western Digital from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 1st.

The new flash-chip alliance was extended by about 10 years, as Western Digital and Toshiba Memory agreed to continue technical collaborative activities. Guggenheim has "Buy" rating and $12500 target. The rating was initiated by BTIG Research on Tuesday, April 26 with "Buy". Stifel Nicolaus maintained the shares of WDC in report on Wednesday, June 21 with "Buy" rating. The Florida-based Dreman Value Management L L C has invested 1.61% in Western Digital Corporation (NASDAQ:WDC). Jefferies has "Buy" rating and $57 target. The firm has "Underperform" rating by Bank of America given on Friday, May 13. UBS has "Sell" rating and $71 target. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with "Outperform". Goldman Sachs maintained the stock with "Sell" rating in Wednesday, August 17 report. The firm has "Buy" rating given on Tuesday, June 27 by Maxim Group. The stock decreased 0.25% or $0.05 during the last trading session, reaching $20.16. About 34,823 shares traded.

Western Digital Corporation (NASDAQ:WDC) closed December 12 at $81.77, down -14.62% or $14 from its record high price of $95.77. It has outperformed by 109.15% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q2. Its the same as in 2017Q1. Its up 0.11, from 1.01 in 2017Q1.

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Western Digital Corporation (NASDAQ:WDC) on December 12, 2017 saw a modest increase, closing the day at $81.20, or a increase of $0.57 or (0.70%).Volume levels waned and WDC actually managed a declined which translated to 2.51 million shares changing hands on the day. Us Bancshares De holds 0.03% or 111,305 shares.

Western Digital said it expects revenue for the December quarter of $5.3 billion, above analyst estimates for $5.28 billion, and adjusted earnings of $3.80 per share, vs. forecasts of $3.67. American Registered Advisor stated it has 0.33% in Western Digital Corporation (NASDAQ:WDC). Dnb Asset Mgmt As invested in 0% or 348,315 shares. Art Advsrs reported 33,500 shares or 0.16% of all its holdings. 142,007 were reported by Redwood Investments Ltd Liability Corp. Following the completion of the transaction, the director now directly owns 10,834 shares in the company, valued at $931,398.98. 24,381 were accumulated by Provise Mngmt Grp Limited Liability Company. Utah Retirement reported 53,426 shares. Glg Partners Lp has invested 0.11% in Western Digital Corporation (NASDAQ:WDC).

Over the past three months, NetApp, Inc. insiders have been net buyers, dumping a net of -325,266 shares. Cypress Funds Lc holds 305,250 shares.

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. The company has market cap of $24.24 billion. Profit in the memory business quadrupled to 205 billion yen in the first half of the fiscal year, helped by demand for data storage in smartphones and solid state disks. It has a 62.72 P/E ratio. Prelude Management Ltd Co accumulated 161,734 shares.

In recent action, Western Digital Corporation (WDC) has made a move of -8.68% over the past month, which has come on Strong relative transaction volume. Home Depot Inc (NYSE:HD) was raised too. Therefore 27% are positive. Hologic had 41 analyst reports since July 24, 2015 according to SRatingsIntel. The ex-dividend date is Thursday, December 28th. The rating was maintained by Cowen & Co with "Buy" on Friday, October 27. The firm presently has an "equal weight" rating on the data storage provider's stock. The company was reinitiated on Tuesday, February 16 by Raymond James. As per Thursday, October 1, the company rating was upgraded by Argus Research. As per Friday, July 28, the company rating was maintained by Benchmark.

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