Western Digital WDC (WDC) Covered By Evercore ISI with $130.00 Target, Shorts at VIADERMA (VDRM) Lowered By 55.4%

June 19, 2017 - By Adrian Erickson

Among 27 analysts covering Western Digital Corp. (NYSE:WDC), 22 have Buy rating, 1 Sell and 4 Hold. Therefore 81% are positive. Western Digital Corp. has $140 highest and $40 lowest target. $94.71’s average target is 8.71% above currents $87.12 stock price. Western Digital Corp. had 68 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, April 28, the company rating was downgraded by Wells Fargo. As per Friday, May 27, the company rating was maintained by Benchmark. The firm earned “Overweight” rating on Tuesday, January 31 by Barclays Capital. On Friday, May 27 the stock rating was maintained by Maxim Group with “Buy”. As per Monday, May 1, the company rating was downgraded by Jefferies. Needham maintained Western Digital Corp (NASDAQ:WDC) on Thursday, January 26 with “Strong Buy” rating. The rating was maintained by Maxim Group with “Buy” on Friday, January 29. The company was maintained on Thursday, April 13 by Susquehanna. The firm earned “Buy” rating on Tuesday, June 7 by Mizuho. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 3 report.

VIADERMA INCORPORATED (OTCMKTS:VDRM) had a decrease of 55.4% in short interest. VDRM’s SI was 35,100 shares in June as released by FINRA. Its down 55.4% from 78,700 shares previously. The stock decreased 6.25% or $0.0015 on June 16, reaching $0.0225. About 2.66 million shares traded. Viaderma Inc (OTCMKTS:VDRM) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

ViaDerma, Inc. is a pharmaceutical company focused on bringing new products to the pharmaceutical industry through research and development. The company has market cap of $8.86 million. The Firm licenses and sells products in fields of medicine ranging from infectious diseases to stem-cell therapy. It currently has negative earnings. The Company’s products are applied topically using a delivery system technology.

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.02, from 1.13 in 2016Q3. It worsened, as 49 investors sold Western Digital Corp shares while 223 reduced holdings. 99 funds opened positions while 203 raised stakes. 235.90 million shares or 1.40% less from 239.26 million shares in 2016Q3 were reported. Mutual Of Omaha Bancorporation Wealth reported 6,000 shares. Scout holds 0.56% or 297,681 shares in its portfolio. Strategic Advisors Limited Liability Company, a California-based fund reported 16,817 shares. Pentwater Cap Lp has 30,000 shares for 0.03% of their portfolio. Proshare Lc reported 97,933 shares or 0.07% of all its holdings. Century Capital Ltd Co invested in 71,867 shares. Moreover, Ameriprise Financial has 0.14% invested in Western Digital Corp (NASDAQ:WDC) for 3.66 million shares. Janus Capital Ltd Liability Com stated it has 0% in Western Digital Corp (NASDAQ:WDC). First Personal Serv stated it has 19 shares. 9,925 are held by Ls Inv Limited Liability Co. Everpoint Asset Mgmt Lc holds 65,000 shares. Highstreet Asset Mngmt reported 12,111 shares stake. Westpac has invested 0% in Western Digital Corp (NASDAQ:WDC). Lpl Ltd holds 0.01% or 18,056 shares in its portfolio. S&T Bankshares Pa owns 3.58% invested in Western Digital Corp (NASDAQ:WDC) for 328,834 shares.

The stock decreased 0.22% or $0.19 during the last trading session, reaching $87.12. About 28 shares traded. Western Digital Corp (NYSE:WDC) has risen 125.85% since June 19, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Since January 9, 2017, it had 0 buys, and 19 sales for $28.48 million activity. The insider LONG MARK P sold $1.03M. BHATIA MANISH H sold $2.61M worth of stock. On Tuesday, January 24 MILLIGAN STEPHEN D sold $5.27 million worth of Western Digital Corp (NASDAQ:WDC) or 68,419 shares. 5,896 Western Digital Corp (NASDAQ:WDC) shares with value of $418,026 were sold by CORDANO MICHAEL D. Shares for $753,868 were sold by Sivaram Srinivasan. Another trade for 1,208 shares valued at $107,427 was made by RAY MICHAEL CHARLES on Friday, May 5. DeMaria Jacqueline sold $1.86 million worth of stock.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on July, 27. They expect $2.03 EPS, up 156.96% or $1.24 from last year’s $0.79 per share. WDC’s profit will be $589.99 million for 10.73 P/E if the $2.03 EPS becomes a reality. After $2.07 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts -1.93% negative EPS growth.

Western Digital Corporation is a developer, maker and well-known provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The company has market cap of $25.32 billion. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). It currently has negative earnings.

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