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Western Digital Corp Stock Research

WDC

44.27USD-0.35(-0.78%)Market Closed
Watchlist

Market Summary

USD44.27-0.35
Market Closed
-0.78%

WDC Alerts

WDC Stock Price

WDC RSI Chart

WDC Valuation

Market Cap

14.3B

Price/Earnings (Trailing)

-8.36

Price/Sales (Trailing)

1.16

EV/EBITDA

-29.12

Price/Free Cashflow

-11.6

WDC Price/Sales (Trailing)

WDC Profitability

EBT Margin

-2.25%

Return on Equity

-5.94%

Return on Assets

-2.74%

Free Cashflow Yield

-8.62%

WDC Fundamentals

WDC Revenue

Revenue (TTM)

12.3B

Revenue Y/Y

-40.99%

Revenue Q/Q

-4.67%

WDC Earnings

Earnings (TTM)

-1.7B

Earnings Y/Y

-337.54%

Earnings Q/Q

-25%

Price Action

52 Week Range

29.7346.89
(Low)(High)

Last 7 days

0.8%

Last 30 days

12.1%

Last 90 days

17.0%

Trailing 12 Months

36.6%

WDC Financial Health

Current Ratio

1.61

WDC Investor Care

Shares Dilution (1Y)

2.22%

Diluted EPS (TTM)

-5.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for WDC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-21
SODERBERY ROBERT
sold (taxes)
-270,862
44.44
-6,095
evp & gm, flash business
2023-09-06
Zamiska Gene M.
sold
-98,516
45.42
-2,169
svp & princ. acctg officer
2023-09-04
Sivaram Srinivasan
sold (taxes)
-194,319
45.96
-4,228
president, tech & strategy
2023-09-04
RAY MICHAEL CHARLES
sold (taxes)
-151,806
45.96
-3,303
evp, chief legal officer & sec
2023-09-04
Sivaram Srinivasan
acquired
-
-
234
president, tech & strategy
2023-09-04
RAY MICHAEL CHARLES
acquired
-
-
183
evp, chief legal officer & sec
2023-09-04
Zamiska Gene M.
sold (taxes)
-52,670
45.96
-1,146
svp & princ. acctg officer
2023-09-03
RAY MICHAEL CHARLES
sold (taxes)
-479,868
45.96
-10,441
evp, chief legal officer & sec
2023-09-03
Sivaram Srinivasan
sold (taxes)
-822,638
45.96
-17,899
president, tech & strategy
2023-09-03
SODERBERY ROBERT
sold (taxes)
-536,077
45.96
-11,664
evp & gm, flash business

1–10 of 50

Which funds bought or sold WDC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
10.00
1,512
-%
2023-09-20
BARCLAYS PLC
reduced
-10.56
-19,018,000
172,282,000
0.11%
2023-09-12
Farther Finance Advisors, LLC
reduced
-1.3
-71.00
11,531
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
3.00
493
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
25,982
25,982
-%
2023-08-28
DT Investment Partners, LLC
unchanged
-
2,194
10,675
-%
2023-08-24
Alberta Investment Management Corp
added
93.00
262,958
541,716
-%
2023-08-23
Stonebridge Capital Advisors LLC
new
-
1,707
1,707
-%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-36.28
-2,613,170
4,700,830
0.01%
2023-08-21
BOKF, NA
reduced
-18.9
-277,923
1,237,350
0.03%

1–10 of 39

Latest Funds Activity

Are funds buying WDC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WDC
No. of Funds

Schedule 13G FIlings of Western Digital

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
6.5%
20,663,972
SC 13G
Feb 10, 2023
blackrock inc.
8.2%
26,002,691
SC 13G/A
Feb 09, 2023
vanguard group inc
11.76%
37,341,622
SC 13G/A
Mar 11, 2022
blackrock inc.
8.3%
25,826,324
SC 13G/A
Feb 08, 2022
blackrock inc.
8.3%
25,826,324
SC 13G
Feb 10, 2021
vanguard group inc
10.63%
32,329,856
SC 13G/A
Feb 05, 2021
blackrock inc.
7.5%
22,903,786
SC 13G/A
Feb 12, 2020
vanguard group inc
11.90%
35,413,208
SC 13G/A
Feb 10, 2020
blackrock inc.
8.7%
25,733,171
SC 13G/A

Recent SEC filings of Western Digital

View All Filings
Date Filed Form Type Document
Sep 22, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 06, 2023
144
Notice of Insider Sale Intent
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Aug 29, 2023
4
Insider Trading
Aug 29, 2023
4
Insider Trading

Peers (Alternatives to Western Digital)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.7T
383.9B
-3.72% 14.24%
28.4
7.01
-0.93% -4.89%
25.4B
54.7B
-16.60% 3.04%
10.97
0.46
-15.60% -63.25%
15.6B
6.2B
0.17% 20.45%
12.94
2.52
-3.87% 27.40%
14.3B
12.3B
12.10% 36.64%
-8.36
1.16
-34.45% -213.73%
13.2B
7.4B
-1.55% 14.50%
-24.86
1.78
-36.68% -132.08%
MID-CAP
13.2B
7.1B
-1.87% 377.87%
20.6
1.85
37.09% 124.43%
10.2B
2.8B
-6.37% 28.36%
-12.3K
3.71
8.89% 94.22%
8.7B
5.7B
-1.99% 5.97%
21.24
1.54
15.00% 5.32%
3.7B
7.9B
-10.57% 28.59%
46.07
0.47
0.77% -2.41%
2.5B
7.2B
2.19% 16.75%
-9.9
0.35
3.04% 60.93%
SMALL-CAP
1.4B
3.6B
-66.42% 407.18%
-1.43
0.4
-3.78% -133.22%
570.3M
514.4M
-28.38% -44.43%
-4.7
1.11
-11.31% -153.49%
57.6M
407.5M
4.65% -48.81%
-1.5
0.14
7.00% 0.29%
37.0M
71.1M
-12.20% -44.44%
-6.23
0.52
2.81% -496.33%
8.0M
18.3M
-15.38% -48.36%
-4.31
0.44
-26.01% -189.58%

Western Digital News

MarketWatch
Western Digital Corp. stock falls Tuesday, still outperforms market.
MarketWatch,
10 hours ago
InvestorsObserver
InvestorsObserver

Returns for WDC

Cumulative Returns on WDC

-1.6%


10-Year Cumulative Returns

-2.2%


7-Year Cumulative Returns

-4.1%


5-Year Cumulative Returns

4.8%


3-Year Cumulative Returns

Risks for WDC

What is the probability of a big loss on WDC?

98.8%


Probability that Western Digital stock will be more than 20% underwater in next one year

90.4%


Probability that Western Digital stock will be more than 30% underwater in next one year.

56.5%


Probability that Western Digital stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WDC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Western Digital was unfortunately bought at previous high price.

Drawdowns

Financials for Western Digital

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-13.1%12,31814,17415,75217,47818,79319,18518,94118,05116,92216,28916,32716,61816,73616,08315,58215,58116,56918,05219,39120,49420,647
Gross Profit-41.8%1,8873,2404,1355,1905,8745,9955,9055,2824,5214,0383,9523,9273,7813,1632,7372,8463,7525,1396,4877,4567,705
Operating Expenses-4.3%3,1723,3133,4123,4193,4833,4913,4083,3543,3013,2323,3103,3933,4463,4703,5913,5743,6653,8283,8684,0584,088
  S&GA Expenses-3.5%9701,0051,0441,0731,1171,1481,1541,1401,1051,0771,0711,1041,1531,1831,2551,2661,3171,3701,3931,4651,473
EBITDA-100.0%-8431,6322,6943,3563,4763,5043,0422,4652,1872,1352,0971,9331,343899------
EBITDA Margin-100.0%-0.06*0.10*0.15*0.18*0.18*0.18*0.17*0.15*0.13*0.13*0.13*0.12*0.08*0.06*------
Interest Expenses4.7%312298293296304309315320326333351375413443462475469466508587676
Earnings Before Taxes-389.0%-1,560-3194721,5032,1232,2082,1951,634927516313188-46.00-705-1,228-1,107-2879161,2651,9582,085
EBT Margin100.0%--0.02*0.03*0.09*0.11*0.12*0.12*0.09*0.05*0.03*0.02*0.01*0.00*-0.04*-0.08*------
Net Income-147.2%-1,706-690-93.009171,5001,8211,9931,491821347167-34.00-250-595-1,193-1,541-754199841505675
Net Income Margin100.0%--0.05*-0.01*0.05*0.08*0.09*0.11*0.08*0.05*0.02*0.01*0.00*-0.01*-0.04*-0.08*------
Free Cashflow100.0%--1,027-4151687581,4111,1761,00275241.0018495.00177235202------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-2.9%24,42925,15125,04725,68626,25925,69926,02526,39126,13225,40925,55225,40225,66225,50925,86026,28026,37026,91327,93928,70529,235
  Current Assets-7.0%7,8868,4838,3819,0719,4539,1789,5359,8569,7579,0329,1099,0059,0488,5538,6278,5008,4778,9029,74210,57110,638
    Cash Equivalents-8.9%2,0232,2201,8712,0492,3272,5052,5313,2903,3702,7342,9562,9953,0482,9433,1373,2483,4553,6824,0134,6465,005
  Inventory-7.1%3,6983,9793,7733,8623,6383,6613,6473,5443,6163,6833,5763,3553,0703,0913,1223,2873,2833,4403,4273,1192,944
  Net PPE-1.3%3,6203,6683,6883,7183,6703,4883,3673,2603,1883,0612,9182,8972,8542,7352,7222,7962,8433,0313,0773,0543,095
  Goodwill0.0%10,03710,04110,04110,03710,04110,06110,06510,06610,06610,06610,07110,06910,06710,06610,06910,09010,07610,07510,07410,07210,075
Liabilities0.3%12,70612,66412,93213,57914,03813,71514,00715,03015,41115,46015,72315,82616,11116,26616,48116,71416,40316,69917,02717,33017,704
  Current Liabilities3.3%5,4345,2614,3824,9665,2374,3974,9294,7094,8704,5014,5264,4294,4064,4714,4824,2883,8174,2124,3504,3854,456
    LT Debt, Current3.2%1,2131,17538.00--75.00251251251251251286286286286251276276244213179
    LT Debt, Non Current-0.7%5,8575,8987,0337,0717,0227,0877,0578,2708,4748,6788,8829,0869,2899,3439,5479,96110,24610,30910,37010,93010,993
Shareholder's Equity-6.6%10,84711,61112,11512,10712,22111,98412,01811,36110,7219,9499,8299,5769,5519,2439,3799,5669,96710,21410,91211,37511,531
  Retained Earnings-8.8%7,4248,1398,7119,1579,0398,7388,7138,1497,5396,9176,7206,6586,7256,5786,7177,0127,4497,7998,5329,1728,757
  Additional Paid-In Capital2.7%3,9363,8313,7703,6413,7333,6003,5193,4013,6083,6033,5463,5373,7173,7433,7313,7283,8513,8914,0624,0854,254
Accumulated Depreciation0.4%8,6308,5958,4768,4258,3008,2198,0687,9217,7717,7887,6467,5777,4467,3507,2357,1607,1607,6077,4407,2777,091
Shares Outstanding0.6%322320319318315313312310308306305303302299298296295292290292296
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-806.7%-408-45.007341,3651,8802,5792,2972,0561,8981,0761,1029348248218831,0951,5472,2413,0643,7774,205
  Share Based Compensation-1.5%318323335336326328325318318315310307308296302304306320339359377
Cashflow From Investing23.0%-762-990-1,105-1,104-1,192-1,025-898-911-765-476-31878.00278-38.00-387-979-1,272-1,291-1,373-1,536-1,655
Cashflow From Financing15.0%875761-274-1,479-1,718-1,778-1,823-853-817-816-973-1,269-1,508-1,526-1,376-1,514-1,829-2,220-3,947-4,483-3,900
  Dividend Payments----------150299448595591588583584588590594593
  Buy Backs-----------------5639991,1541,154591

WDC Income Statement

2023-06-30
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]   
Revenue, net$ 12,318$ 18,793$ 16,922
Cost of revenue10,43112,91912,401
Gross profit1,8875,8744,521
Operating expenses:   
Research and development2,0092,3232,243
Selling, general and administrative9701,1171,105
Employee termination, asset impairment, and other charges19343(47)
Total operating expenses3,1723,4833,301
Operating income (loss)(1,285)2,3911,220
Interest and other income:   
Interest income2467
Interest expense(312)(304)(326)
Other income, net133026
Total interest and other income, net(275)(268)(293)
Income (loss) before taxes(1,560)2,123927
Income tax expense146623106
Net income (loss)(1,706)1,500821
Less: cumulative dividends allocated to preferred shareholders2400
Net income (loss) attributable to common shareholders$ (1,730)$ 1,500$ 821
Income (loss) per common share   
Basic (in dollars per share)$ (5.44)$ 4.81$ 2.69
Diluted (in dollars per share)$ (5.44)$ 4.75$ 2.66
Weighted average shares outstanding:   
Basic (in shares)318312305
Diluted (in shares)318316309

WDC Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Jul. 01, 2022
Current assets:  
Cash and cash equivalents$ 2,023$ 2,327
Accounts receivable, net1,5982,804
Inventories3,6983,638
Other current assets567684
Total current assets7,8869,453
Non-current assets:  
Property, plant and equipment, net3,6203,670
Notes receivable and investments in Flash Ventures1,2971,396
Goodwill10,03710,041
Other intangible assets, net80213
Other non-current assets1,5091,486
Total assets24,42926,259
Current liabilities:  
Accrued expenses1,2881,636
Income taxes payable999869
Accrued compensation349510
Current portion of long-term debt1,2130
Total current liabilities5,4345,237
Non-current liabilities:  
Long-term debt5,8577,022
Other liabilities1,4151,779
Total liabilities12,70614,038
Commitments and contingencies (Notes 10, 11, 14 and 17)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 1 shares in 2023 and 0 shares in 2022; aggregate liquidation preference of $933 and $0 as of June 30, 2023 and June 30, 2022, respectively8760
Shareholders’ equity:  
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 322 shares in 2023 and 315 shares in 202233
Additional paid-in capital3,9363,733
Accumulated other comprehensive loss(516)(554)
Retained earnings7,4249,039
Total shareholders’ equity10,84712,221
Total liabilities, convertible preferred stock and shareholders’ equity24,42926,259
Nonrelated Party  
Current liabilities:  
Accounts payable1,2931,902
Related Party  
Current liabilities:  
Accounts payable$ 292$ 320
David V. Goeckeler
65535
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 computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; 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; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.