John G Ullman & Associates Inc. Decreases Stock Holdings in Western Digital Co. (NASDAQ:WDC)

John G Ullman & Associates Inc. trimmed its holdings in Western Digital Co. (NASDAQ:WDC) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,475 shares of the data storage provider’s stock after selling 1,743 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Western Digital were worth $5,574,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WDC. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Western Digital by 32.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,131 shares of the data storage provider’s stock worth $2,691,000 after buying an additional 11,013 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Western Digital by 6.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 841,700 shares of the data storage provider’s stock worth $50,191,000 after buying an additional 50,188 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Western Digital by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 390,826 shares of the data storage provider’s stock worth $23,305,000 after buying an additional 15,189 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Western Digital by 83.9% during the 4th quarter. Ieq Capital LLC now owns 31,634 shares of the data storage provider’s stock worth $1,886,000 after buying an additional 14,432 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Western Digital by 53.3% in the 4th quarter. Handelsbanken Fonder AB now owns 99,444 shares of the data storage provider’s stock valued at $5,930,000 after purchasing an additional 34,579 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Western Digital Trading Up 1.5 %

NASDAQ WDC opened at $48.93 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The firm has a market cap of $17.02 billion, a PE ratio of 11.65 and a beta of 1.44. Western Digital Co. has a one year low of $39.58 and a one year high of $61.16. The firm’s fifty day moving average is $63.42 and its two-hundred day moving average is $65.23.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. Analysts expect that Western Digital Co. will post 4.89 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Bank of America dropped their target price on shares of Western Digital from $89.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Susquehanna dropped their target price on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Robert W. Baird dropped their target price on shares of Western Digital from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Rosenblatt Securities dropped their target price on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group lifted their target price on shares of Western Digital from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.05.

About Western Digital

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.