Q1 2025 EPS Estimates for Western Digital Co. Lifted by Wedbush (NASDAQ:WDC)

Western Digital Co. (NASDAQ:WDC) – Analysts at Wedbush lifted their Q1 2025 EPS estimates for Western Digital in a research report issued on Thursday, August 15th. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of $1.63 per share for the quarter, up from their prior estimate of $1.60. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for Western Digital’s current full-year earnings is $8.73 per share. Wedbush also issued estimates for Western Digital’s Q2 2025 earnings at $2.01 EPS, Q3 2025 earnings at $2.40 EPS, Q4 2025 earnings at $3.21 EPS and FY2025 earnings at $9.25 EPS.

A number of other research analysts have also weighed in on the stock. Mizuho lifted their price target on shares of Western Digital from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Western Digital in a research report on Thursday, August 1st. Evercore ISI reissued an “outperform” rating and issued a $85.00 price objective on shares of Western Digital in a research report on Thursday, August 15th. Benchmark boosted their price objective on shares of Western Digital from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird boosted their price objective on shares of Western Digital from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.18.

Western Digital Stock Performance

Shares of WDC opened at $64.42 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.83 and a current ratio of 1.41. Western Digital has a twelve month low of $35.62 and a twelve month high of $81.55. The firm’s 50 day moving average price is $71.10 and its two-hundred day moving average price is $68.54. The firm has a market cap of $21.03 billion, a P/E ratio of -12.96 and a beta of 1.37.

Insider Buying and Selling at Western Digital

In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the transaction, the executive vice president now directly owns 128,413 shares in the company, valued at $7,331,098.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 39,226 shares of company stock worth $2,684,112 over the last ninety days. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Western Digital

Institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System bought a new stake in shares of Western Digital in the fourth quarter valued at about $1,026,000. Daiwa Securities Group Inc. lifted its position in Western Digital by 6.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 35,765 shares of the data storage provider’s stock worth $1,873,000 after purchasing an additional 2,213 shares during the period. Federated Hermes Inc. lifted its position in Western Digital by 348.0% during the fourth quarter. Federated Hermes Inc. now owns 4,623 shares of the data storage provider’s stock worth $242,000 after purchasing an additional 3,591 shares during the period. abrdn plc lifted its position in Western Digital by 70.4% during the fourth quarter. abrdn plc now owns 134,071 shares of the data storage provider’s stock worth $7,021,000 after purchasing an additional 55,399 shares during the period. Finally, Lindbrook Capital LLC lifted its position in Western Digital by 121.7% during the fourth quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock worth $32,000 after purchasing an additional 337 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Company Profile

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.