Home Dividends High Dividend Yield Current Change: Western Digital Corporation (NASDAQ: WDC)

Current Change: Western Digital Corporation (NASDAQ: WDC)

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Western Digital Corporation is in the computer hardware industry and is in the technology sector. The company CEO is Stephen D. Milligan. Western Digital Corp is the global leader in the hard disk drive market. It develops, manufactures, and provides data storage solutions that enable consumers to create, manage, experience and preserve digital content. Its products include HDDs and SSDs.

Previous Intraday Trading Performance:

The WDC stock showed a previous change of -1.67% with an open at 46.78 and a close of 45.93. It reached an intraday high of 46.88 and a low of 45.61.

SeekingAlpha:  Micron: Too Much, Too Soon

Liquidity:

The stock has a market cap of $13.4b with 290.9m shares outstanding, of which the float is 287.6m shares. Trading volume reached 3,979,787 shares compared to its average volume of 8,382,952 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Western Digital Corporation shares returned -3.12% and in the past 30 trading days it returned 25.01%. Over three months, it changed 7.13%. In one year it has changed -42.29% and within that year its 52-week high was 106.96 and its 52-week low was 33.83. WDC stock is 35.77% above its 52 Week Low.

Our calculations show a 200 day moving average of 59.85 and a 50 day moving average of 40.96. Currently WDC stock is trading -23.25% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Micron: Too Much, Too Soon

Earnings:

The last annual fiscal EPS for the company was reported at 2.12 that ended on 30th of June 2018, which according to the previous close, that is a PE of 21.67. Based on 5 analyst estimates, the consensus EPS for the next quarter is 3.20. The TTM EPS is 13.67, which comes to a TTM PE of 3.36. Historically, the PE high was 95.00 and the PE low was 3.36. WDC stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  1.18
09-30-2018:  2.78
06-30-2018:  3.41
03-31-2018:  3.36

The dividend per share is currently 2.00, which is a dividend yield of 4.35%. Also, the payout ratio is 14.63%, therefore the dividend is safe according to our calculations. WDC stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 65.13, which means it is possibly undervalued and has a margin of safety of 29.48%

Indicators to Watch:

Based on the latest filings, there is 1.10% of insider ownership and 127.40% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.45

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 7.58%, return on assets is 2.91%, profit margin is 4.34%, price-to-sales is 0.70 and price-to-book is 1.25.

Company Scores:

All scores are out of six:
 5  :Valuation Score
 3  :Past Performance Score
 3  :Financial Strength Score
 3  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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