Western Digital Corp Sees Unusually Large Options Volume (WDC)

Ancora Advsr Limited Company reported 0% of its portfolio in Western Digital Corp (NASDAQ:WDC). The institutional investor purchased 16,100 shares of the data storage provider's stock, valued at approximately $1,329,000.

Several brokerages have recently issued reports on WDC. Reilly Financial Advisors LLC increased its position in Western Digital Corp by 49.8% in the first quarter. Artemis Investment Management Llp bought 154,801 shares as the company's stock 0.00%. Meridian Wealth Management LLC now owns 4,870 shares of the data storage provider's stock valued at $402,000 after buying an additional 170 shares during the period. Miller Howard Investments Inc. American Beacon Advisors Inc. acquired a new position in shares of Western Digital Corp during the first quarter worth approximately $111,000. BP PLC now owns 128,000 shares of the data storage provider's stock valued at $8,698,000 after buying an additional 95,000 shares during the period.

Western Digital Corp (NASDAQ:WDC) EVP Michael Charles Ray sold 1,365 shares of Western Digital Corp stock in a transaction on Monday, May 15th. Following the sale, the executive vice president now directly owns 102,202 shares of the company's stock, valued at $9,114,374.36. Western Digital Corporation (WDC) 52 week low value is at $34.05 and its current distance from 52 week low value is 150.3%. Western Digital Corporation has a 24.83B market cap and its past year revenues were 17.75B. In terms of the stock price in relation to its moving averages, company shares are -0.89% away from the 20-day moving average and 4.69% off of the 50-day average. The stock now has an average rating of Buy and a consensus target price of $94.19. The data storage provider reported $2.07 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.85 by $0.22. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.57 billion. After $2.07 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts -1.93% negative EPS growth. Western Digital Corp's revenue for the quarter was up 64.7% compared to the same quarter past year. During the same quarter in the prior year, the company earned $1.21 EPS. On average, equities analysts expect that Western Digital Corp will post $8.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. The ex-dividend date of this dividend is Wednesday, June 28th. It has a dividend yield of 2.32%.

Relative strength index (RSI-14) for Western Digital Corporation (WDC) is at 51.27.

Annaly Capital Management, Inc.

ILLEGAL ACTIVITY WARNING: "Western Digital Corp Sees Unusually Large Options Volume (WDC)" was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. FNY Partners Fund LP bought a new stake in shares of Western Digital Corp during the fourth quarter worth $163,000. The average analysts gave this company a mean recommendation of 2.00.

In related news, EVP Srinivasan Sivaram sold 40,182 shares of the stock in a transaction that occurred on Thursday, May 4th. BMO Capital Markets reissued a "buy" rating and set a $104.00 price objective on shares of Western Digital Corp in a research note on Thursday, April 27th. Barclays Capital maintained Western Digital Corp (NASDAQ:WDC) on Tuesday, January 31 with "Overweight" rating. Cowen and Company reissued an "outperform" rating and issued a $72.00 price objective on shares of Western Digital Corp in a research report on Monday, January 23rd.

131.48%. For the last six months, the stock has performed 46.16%. Western Digital Corp has an average rating of "Buy" and a consensus price target of $94.19. The stock rose 0.98% or $0.84 reaching $86.95 per share. The shares were sold at an average price of $89.54, for a total transaction of $271,664.36. The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. BHATIA MANISH H had sold 34,734 shares worth $2.61M. The shares were sold at an average price of $88.93, for a total value of $107,427.44. Investors who are keeping close eye on the stock of Hormel Foods Corporation (NYSE:HRL) established that the company was able to keep return on investment at 17.03 in the trailing twelve month while Reuters data showed that industry's average stands at 12.44 and sector's optimum level is 53.32. The disclosure for this sale can be found here.