20 stories mentioning WDC
Every FINWIRES story that references WDC, newest first.
Martin I Cole, Director, on June 09, 2026, sold 3,280 shares in Western Digital (WDC) for $1,676,601. Following the Form 4 filing with the SEC, Cole has control over a total of 26,153 common shares of the company, with 26,153 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/106040/000126682426000126/xslF345X05/edgardoc.xml
Western Digital (WDC) said Monday that an aggregate of 21.3 million shares will be exchanged with certain holders of its 3.00% convertible senior notes due 2028, under the company's previously signed exchange agreement.On June 3, Western Digital said it agreed to exchange about $858.4 million aggregate principal amount of notes for cash and shares of common stock of the company, without disclosing the exact number of shares to be exchanged, according to the company.Shares of Western Digital are up 4% in Monday trading.Price: $533.20, Change: $+21.48, Percent Change: +4.20%
Western Digital (WDC) has an average rating of overweight and mean price target of $542.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $527.62, Change: $+15.90, Percent Change: +3.11%
Bruce E Kiddoo, Director, on May 28, 2026, sold 750 shares in Western Digital (WDC) for $396,390. Following the Form 4 filing with the SEC, Kiddoo has control over a total of 3,903 common shares of the company, with 3,903 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/106040/000126682426000113/xslF345X05/edgardoc.xml
US equity futures were trending higher pre-bell Wednesday as the S&P 500 and the Nasdaq reached new all-time highs amid continued optimism for an end to the Middle East conflict.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.8% higher.The S&P 500 added 0.6% and the Nasdaq rose 1.2% to fresh intraday and closing highs, driven by an upswing in the technology sector.President Donald Trump said in a post on Truth Social that talks with Iran were "proceeding nicely." However, Iran threatened to respond to ceasefire violations after the US military carried out what it called "self-defense strikes" on Iranian missile launch sites and vessels around the Strait of Hormuz. Negotiations to end the war continue.Traders noted the latest round of earnings, with PDD (PDD) posting lower Q1 non-GAAP earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.6% at $92.25 per barrel and US West Texas Intermediate crude 6% lower at $88.24 per barrel.The Richmond Fed manufacturing index for May is scheduled to be released at 10 am ET.In other world markets, Japan's Nikkei closed flat, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished 1.3% lower. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Micron Technology (MU) stock was up 7.4% as the company's market capitalization reached $1 trillion for the first time. Fellow tech firms Marvell Technology (MRVL), Seagate Technology (STX), and Western Digital (WDC) all saw their shares rise as part of a broader tech rally. Marvell stock was up 6.1%, Seagate shares were higher by 5.4%, and Western Digital stock was up 5.5%.On the losing side, ExxonMobil (XOM) shares were down 2.1% after a Reuters report that Occidental Petroleum (OXY) was acquiring a 10% stake in the company's deepwater exploration block offshore Trinidad and Tobago. TotalEnergies (TTE) stock was 3.3% lower after a Bloomberg News report that the company is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country. PDD shares were down 8.8% after the company reported its Q1 financial results.
The Nasdaq Composite and the S&P 500 reached new peaks on Tuesday, driven a Micron Technology (MU) led rally in the tech sector, while the Dow Jones Industrial Average retreated from a record high.The Nasdaq rose 1.2% to settle at 26,656.2, while the S&P 500 climbed 0.6% to 7,519.3 -- both notching new record finish. The Dow fell 0.2% to 50,461.7, after closing at a record high in the previous session.Six of the 11 sectors ended in the green, led by tech's 1.7% advance, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.Micron shares surged 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535.Micron's market capitalization crossed the $1 trillion mark for the first time.Micron's valuation should get a further boost from long-term agreements in the memory industry, UBS said Tuesday.On Semiconductor (ON) shares jumped 9%, the second-top gainer on the S&P 500. Western Digital (WDC) shares climbed 8.3%, also among the biggest gainers on the index.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are slated to report results this week.West Texas Intermediate crude oil was down 3% at $93.72 a barrel in Tuesday late-afternoon trade, while Brent rose 3.6% to $99.63.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel."While an extended conflict with Iran remains the largest risk to continued market gains, in our view, markets are positioned for more progress on peace talks and the Strait of Hormuz reopening," D.A. Davidson said in a report Tuesday.US Treasury yields were lower, with the 10-year rate last down 6.6 basis points at 4.5% and the two-year rate losing 7.7 basis points to 4.06%."Investors remain focused on whether energy markets stabilize or whether higher oil prices start feeding back into inflation expectations and bond yields again," Saxo Bank said in a report Tuesday.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares advanced 11%.AutoZone (AZO) shares plummeted 9%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.Separately, US annual home price growth decelerated in March, with more than half of the 20 major markets logging decreases, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.Gold was last down 0.3% at $4,508.30 per troy ounce, while silver rose 1.5% $77.35 per ounce.
US benchmark equity indexes were mixed intraday as traders monitored the latest developments in the Middle East conflict.The Nasdaq Composite was up 0.8% at 26,566.9 after midday Tuesday, while the S&P 500 rose 0.4% to 7,505.5. The Dow Jones Industrial Average fell 0.4% to 50,392.7 after closing at a record high in the previous session.Among sectors, technology paced the gainers intraday Tuesday, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.West Texas Intermediate crude oil was down 2.7% at $93.97 a barrel intraday Tuesday, while Brent rose 3.9% to $99.85.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel.US Treasury yields were lower intraday Tuesday, with the 10-year rate down 6.4 basis points at 4.51% and the two-year rate losing 5.9 basis points to 4.07%.In company news, Micron Technology (MU) shares surged nearly 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535."Our supply chain work on long-term agreements across the memory industry suggests that up to 30% of (double data rate) volumes industry-wide will be soon locked in at pricing that is just slightly below current levels, and these agreements will allow (Micron) to trade some near-term revenue for demand visibility and a smoother earnings profile," UBS said in a note to clients.Western Digital (WDC) shares jumped 9.2%, the second-top gainer on the S&P 500, followed by On Semiconductor (ON), up 9%.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares were up 7.5% intraday.AutoZone (AZO) shares plummeted 9.8%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are some of the major companies slated to report results this week.Gold was down 0.4% at $4,506.70 per troy ounce, while silver rose 0.6% $76.63 per ounce.
Brian Scott Davis, Chief Sales and Marketing Officer, on May 11, 2026, sold 10,000 shares in Western Digital (WDC) for $5,006,895. Following the Form 4 filing with the SEC, Davis has control over a total of 105,564 common shares of the company, with 105,564 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/106040/000126682426000086/xslF345X05/edgardoc.xml
Western Digital (WDC) said Wednesday it has signed exchange agreements with institutional investors under which it will receive nearly 1.9 million shares of its own stock in exchange for 653,203 shares of Sandisk (SNDK).The exchanges are expected to settle on Thursday, Western Digital said.Western Digital said that upon settlement, it will continue to own about 1.04 million shares of Sandisk, which it intends to dispose of in one or more exchanges for Western Digital debt held by creditors and/or in exchange for outstanding shares of Western Digital common stock and/or through distributions to shareholders as dividends.Western Digital shares were fractionally higher in early trading Wednesday, while Sandisk was down 0.5%.Price: $467.20, Change: $+1.94, Percent Change: +0.42%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our price target to $532 (from $313), 26x our CY 27 EPS estimate ($20.45), above WDC's three-year average (~15x) as AI demand continues to structurally improve the HDD industry's growth outlook and visibility. We raise our FY 26 (Jun.) EPS estimate by $1.29 to $9.93, raise our FY 27 view by $4.52 to $16.80, and initiate a FY 28 estimate at $23.80. Q3 saw a sales growth acceleration (to +45% Y/Y from 25% last quarter) and a further lengthening of LTAs, with certain customer agreements now extending into CY 29, providing unprecedented visibility that helps support multiple expansion. WDC's newest 32-TB drives accounted for 53% of exabyte shipments in Q3; a continued rise should support strong pricing gains along with the coming ramp of 40-TB drives in 2H. WDC's roadmap also looks in good shape, with qualifications underway at four customers for the company's new 44-TB HAMR drives and at three customers for its 40-TB ePMR drives (on track to see volume production in 2H CY 26).
Western Digital (WDC) is expected to benefit further from accelerating demand for hard disk drives after a "great" fiscal Q3 results, Morgan Stanley said in a Friday report."AI training, inferencing, and agentic workflows are driving accelerating HDD demand, supporting WDC's confidencein >25% long-term nearline EB CAGR," the report said.The note said visibility is also extending, with some hyperscalers locking down capacity into 2029.The note added that its June quarter gross margin guide of 51% to 52% was optically weak, but it reflects conservatism, rather than any weak pricing or cost trends."This quarter reinforces our bullishness on HDDs as a whole, and WDC," the report said. Morgan Stanley boosted its price target to $488 from $380 while reiterating its overweight rating.Price: $427.61, Change: $-6.91, Percent Change: -1.59%
Western Digital (WDC) has an average rating of overweight and mean price target of $446.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $438.30, Change: $+3.78, Percent Change: +0.87%
Western Digital (WDC) has an average rating of overweight and mean price target of $462.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $425.00, Change: $-9.52, Percent Change: -2.19%
US equity futures were higher pre-bell Friday after the S&P 500 and Nasdaq Composite reached new closing highs to close out April amid a continued impasse in the Middle East.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were marginally higher.On Thursday, the S&P 500 rose 1% to close at 7,209.01, breaching the 7,200 mark for the first time, while Nasdaq increased 0.9% to close at 24,892.31, also a new closing record.US President Donald Trump has rejected Iran's latest offer, stating that the US naval blockade on the nation's ports will remain until the regime agrees to a deal that addresses US concerns about its nuclear program, according to an Axios report on Wednesday.Traders took note of the latest round of earnings, with energy majors Exxon Mobil (XOM) and Chevron (CVX) both reporting lower Q1 adjusted earnings but higher revenue.Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 0.4% at $110.85 per barrel and US West Texas Intermediate crude 1.2% lower at $103.79 per barrel.The final Purchasing Managers' Manufacturing Index for April, due at 9:45 am ET, is seen coming in at 54.0, unchanged from its prior value, according to estimates compiled by Bloomberg.The April Institute for Supply Management's services index, due at 10 am ET, is projected at 53.2, versus 52.7 previously.In other world markets, Japan's Nikkei, Hong Kong's Hang Seng, China's Shanghai Composite, and Germany's DAX index were all closed due to public holidays. The UK's FTSE 100 was down 0.6% in Europe's early afternoon session.In equities, Roblox (RBLX) stock was down 24% after the company reported a wider Q1 loss and lower-than-expected revenue, as well as lowering its 2026 revenue outlook. Sandisk (SNDK) and Western Digital (WDC) shares dropped 4.6% and 8%, respectively, despite the companies posting fiscal Q3 earnings and revenue that surpassed analysts' consensus.On the winning side, Apple (AAPL) stock was up 3.6% after the company posted higher fiscal Q2 earnings and revenue that also beat analysts' estimates. Reddit (RDDT) shares were up 15% after the company reported higher Q1 earnings and revenue in addition to issuing better-than-expected Q2 revenue guidance.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WDC reported strong Q3 FY 26 results, with revenue of $3.34B (+45% Y/Y, +11% Q/Q) modestly beating consensus of $3.25B, while non-GAAP EPS of $2.72 (+100% Y/Y, +28% Q/Q) significantly beat consensus by 14%. Non-GAAP gross margin reached 50.5% (+1,040 bps Y/Y, +440 bps Q/Q), and operating margin hit 38.6% (+1,260 bps Y/Y, +480 bps Q/Q) as higher capacity drives rolled out to customers. Cloud remained dominant at 89% of revenue, with exabyte shipments rising 34% Y/Y to 222 EB and over 4.1M latest-generation ePMR drive shipments (vs. 3.5M last quarter) supporting a healthy ASP uplift. Q4 guidance impressed, with a revenue midpoint of $3.65B (+40% Y/Y) beating the Street by 5% and non-GAAP EPS of ~$3.25 (+96% Y/Y) exceeding consensus by 18%, though these guidance beats fell short of major peer STX's earlier this week (+9% / +26%). We believe the ongoing NAND shortage continues to provide incremental tailwinds, extending WDC's pricing power runway and supporting margin expansion in the coming quarters.
Seagate Technology (STX) and Western Digital (WDC) are seeing a "clear path" for earnings growth as long-term contracts and tight hard disk drive supply improve visibility for both companies, BofA Securities said in a Monday note.Demand for hard disk drives continue to outweigh supply, positioning original equipment manufacturers to raise prices, the brokerage said. BofA Securities also noted that the market's oligopoly remains intact, with low chances of new players entering the sector.The heat assisted magnetic recording, or HAMR, technology is driving higher exabyte shipments for hard disk drives, while cutting costs per terabyte, BofA Securities added.These factors could pave the way for Seagate Technology to hit earnings of $45 per share in 2026 and $33 Western Digital, the investment firm said.BofA Securities raised its price target on Seagate Technology to $700 from $605 and Western Digital to $495 from $415, with buy ratings for both companies.Price: $592.64, Change: $+6.39, Percent Change: +1.09%
Western Digital (WDC) has an average rating of overweight and mean price target of $387.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $402.91, Change: $-1.09, Percent Change: -0.27%
Western Digital (WDC) has an average rating of overweight and mean price target of $387.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $404.27, Change: $+0.27, Percent Change: +0.07%
Western Digital (WDC) has an average rating of overweight and mean price target of $354.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $373.36, Change: $+11.67, Percent Change: +3.23%
Western Digital (WDC) has an average rating of overweight and mean price target of $349.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $341.50, Change: $-1.93, Percent Change: -0.56%