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Western Digital Corp. (NYSE:WDC) VP Michael Charles Ray sold 6,016 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $86.08, for a total transaction of $517,857.28. Following the completion of the sale, the vice president now directly owns 33,883 shares in the company, valued at approximately $2,916,649. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of research firms have recently commented on WDC. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Western Digital Corp. in a research note to investors on Thursday, January 23rd. They now have a $106.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Western Digital Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. They now have a $100.00 price target on the stock, up previously from $70.00. Finally, analysts at BMO Capital Markets upgraded shares of Western Digital Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. They now have a $106.00 price target on the stock, up previously from $75.00. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Western Digital Corp. currently has a consensus rating of “Buy” and an average target price of $96.76.

Shares of Western Digital Corp. (NYSE:WDC) traded down 1.44% on Tuesday, hitting $83.37. The stock had a trading volume of 4,462,497 shares. Western Digital Corp. has a 52 week low of $44.44 and a 52 week high of $90.44. The stock’s 50-day moving average is $84.03 and its 200-day moving average is $72.04. The company has a market cap of $19.675 billion and a price-to-earnings ratio of 19.56.

Western Digital Corp. (NYSE:WDC) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $2.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.07 by $0.12. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the company posted $2.09 earnings per share. Western Digital Corp.’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that Western Digital Corp. will post $8.12 EPS for the current fiscal year.

Western Digital Corporation (NYSE:WDC) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.

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