wd, a western digital company, is a long-time innovator and storage industry leader. as a storage technology pacesetter, the company produces reliable, high-performance hard disk drives and solid state drives. these drives are deployed by oems and integrators in desktop and mobile computers, enterprise computing systems, embedded systems and consumer electronics applications, as well as by the company in providing its own storage products. wd’s leading storage devices and systems, networking products, media players and software solutions empower people around the world to easily save, store, protect, share and experience their content on multiple devices. wd was established in 1970 and is headquartered in irvine, calif. for more information, please visit the company’s website at www.wd.com.
![Western Digital logo](/files/LOGO/106040-WDC.png)
Company profile
Ticker
WDC, WDC-GB, WDC-GM, WDC-MM
Exchange
Website
CEO
David Goeckeler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Amplidata N.V. • EasyStore Memory Limited • Fusion-io LLC • Fusion-io Singapore Private Ltd • HGST (Shenzhen) Co., Ltd. • HGST Consulting (Shanghai) Co., Ltd. • HGST Europe, Ltd. • HGST Japan, Ltd. • HGST Malaysia Sdn. Bhd. • HGST Netherlands B.V. ...
IRS number
330956711
WDC stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
24 May 24
SD
Conflict minerals disclosure
23 May 24
8-K
Material Modifications to Rights of Security Holders
14 May 24
10-Q
2024 Q3
Quarterly report
29 Apr 24
8-K
Western Digital Reports Fiscal Third Quarter 2024 Financial Results
25 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Mar 24
DEF 14A
Definitive proxy
29 Mar 24
PRE 14A
Preliminary proxy
15 Mar 24
8-K
Western Digital Announces Update on Company Separation
5 Mar 24
8-K
Entry into a Material Definitive Agreement
4 Mar 24
Transcripts
WDC
Earnings call transcript
2024 Q3
25 Apr 24
WDC
Earnings call transcript
2024 Q2
25 Jan 24
WDC
Earnings call transcript
2024 Q1
30 Oct 23
WDC
Earnings call transcript
2023 Q4
31 Jul 23
WDC
Earnings call transcript
2023 Q3
8 May 23
WDC
Earnings call transcript
2023 Q2
31 Jan 23
WDC
Earnings call transcript
2023 Q1
27 Oct 22
WDC
Earnings call transcript
2022 Q4
5 Aug 22
WDC
Earnings call transcript
2022 Q3
28 Apr 22
WDC
Earnings call transcript
2022 Q2
28 Jan 22
Latest ownership filings
4
Gene M. Zamiska
18 Jun 24
144
Notice of proposed sale of securities
17 Jun 24
4
Gene M. Zamiska
17 Jun 24
4
ROBERT SODERBERY
17 Jun 24
4
WISSAM G JABRE
17 Jun 24
4
David Goeckeler
17 Jun 24
4
ROBERT SODERBERY
6 Jun 24
144
Notice of proposed sale of securities
4 Jun 24
144
Notice of proposed sale of securities
30 May 24
4
Gene M. Zamiska
30 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jul 22 | Jul 21 | Jul 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.89 bn | 1.89 bn | 1.89 bn | 1.89 bn | 1.89 bn | 1.89 bn |
Cash burn (monthly) | 195.67 mm | 27.17 mm | (no burn) | 117.67 mm | (no burn) | 60.67 mm |
Cash used (since last report) | 769.52 mm | 106.84 mm | n/a | 462.76 mm | n/a | 238.59 mm |
Cash remaining | 1.12 bn | 1.79 bn | n/a | 1.43 bn | n/a | 1.66 bn |
Runway (months of cash) | 5.7 | 65.8 | n/a | 12.2 | n/a | 27.3 |
Institutional ownership, Q1 2024
89.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 653 |
Opened positions | 259 |
Closed positions | 66 |
Increased positions | 177 |
Reduced positions | 134 |
13F shares | Current |
---|---|
Total value | 17.97 tn |
Total shares | 291.57 mm |
Total puts | 10.92 mm |
Total calls | 17.83 mm |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 38.53 mm | $2.63 tn |
BLK Blackrock | 27.47 mm | $1.87 tn |
T. Rowe Price | 21.94 mm | $1.50 bn |
BAC Bank Of America | 13.20 mm | $901.06 bn |
STT State Street | 12.92 mm | $881.69 bn |
Geode Capital Management | 7.66 mm | $521.33 bn |
DnB Asset Management AS | 7.65 mm | $522.09 bn |
UBS UBS Group AG - Registered Shares | 6.07 mm | $414.23 bn |
Citadel Advisors | 5.79 mm | $395.26 bn |
AMP Ameriprise Financial | 5.40 mm | $368.84 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Jun 24 | Zamiska Gene M. | Common Stock | Sell | Dispose S | No | Yes | 78 | 219 | 17.08 k | 29,507 |
15 Jun 24 | Robert Soderbery | Common Stock | Payment of exercise | Dispose F | No | No | 78.12 | 4,056 | 316.85 k | 140,567 |
15 Jun 24 | Wissam G Jabre | Common Stock | Payment of exercise | Dispose F | No | No | 78.12 | 19,851 | 1.55 mm | 186,905 |
15 Jun 24 | Goeckeler David | Common Stock | Payment of exercise | Dispose F | No | No | 78.12 | 34,740 | 2.71 mm | 829,736 |
14 Jun 24 | Zamiska Gene M. | Common Stock | Payment of exercise | Dispose F | No | No | 78.12 | 115 | 8.98 k | 29,726 |
News
15 Analysts Have This To Say About Western Digital
22 Jul 24
Wedbush Maintains Outperform on Western Digital, Raises Price Target to $95
22 Jul 24
Evercore ISI Group Maintains Outperform on Western Digital, Raises Price Target to $90
16 Jul 24
Citigroup Maintains Buy on Western Digital, Raises Price Target to $95
12 Jul 24
10 Information Technology Stocks Whale Activity In Today's Session
12 Jul 24
Press releases
Western Digital to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on July 31, 2024
11 Jul 24
Long-Term Shareholders of Western Digital, Shift4 Payments, Masimo, Fidelity National Information Alert: Johnson Fistel, LLP Encourages Investors to Submit Their Information Below
13 Jun 24
Western Digital Introduces New AI Data Cycle Storage Framework to Help Customers Capture the Value of AI
6 Jun 24
Western Digital to Present "New Era of NAND"
3 Jun 24
Long-Term Shareholders of Western Digital, Shift4 Payments, Walgreens, and The Beauty Health Company Alert: Johnson Fistel, LLP Encourages Investors to Submit Their Information Below
15 May 24