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Western Digital Corp. (NYSE:WDC) reached a new 52-week high on Tuesday , Stock Ratings Network reports. The stock traded as high as $95.75 and last traded at $95.04, with a volume of 1,284,032 shares. The stock had previously closed at $92.30.

Several analysts have recently commented on the stock. Analysts at Rhino Trading initiated coverage on shares of Western Digital Corp. in a research note on Monday, June 16th. They set a “buy” rating and a $110.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Western Digital Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 14th. They now have a $98.00 price target on the stock, up previously from $95.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Western Digital Corp. in a research note on Thursday, May 1st. They now have a $105.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fifteen have issued 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 a consensus target price of $98.50.

The stock’s 50-day moving average is $88.7 and its 200-day moving average is $87.09. The company has a market cap of $22.205 billion and a P/E ratio of 21.57.

Western Digital Corp. (NYSE:WDC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.87 by $0.07. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. Analysts expect that Western Digital Corp. will post $8.00 EPS for the current fiscal year.

In other Western Digital Corp. news, Insider Michael D. Cordano unloaded 4,059 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $91.22, for a total value of $370,261.98. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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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