Western Digital (WDC)

Company Profile

Western Digital creates environments for data to thrive. As a leader in data infrastructure, the company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, our industry-leading solutions deliver the possibilities of data.

Company profile

Ticker

WDC

Exchange

NASDAQ

Website

www.westerndigital.com

CEO

David Goeckeler

Incorporated

Delaware

Location

California

Fiscal year end

Jul 03

Sector

Manufacturing > Computer Storage Device Manufacturing

Industry (SIC)

Computer Storage Devices

Netapp • Seagate Technology • Quantum • Pure Storage • Sandisk • Digitiliti ...

SEC CIK

0000106040

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$47.00

Low target

$35.00

High target

$60.00

Latest filings (excl ownership)

View all

8-K/A

Entry into a Material Definitive Agreement

2 Feb 23

Western Digital Announces $900 Million Convertible Preferred Equity Investment Led by

31 Jan 23

8-K

Western Digital Reports Fiscal Second Quarter 2023 Financial Results

31 Jan 23

8-K

Entry into a Material Definitive Agreement

23 Dec 22

S-8

Registration of securities for employees

18 Nov 22

8-K

Departure of Directors or Certain Officers

2 Nov 22

Additional proxy soliciting materials

28 Oct 22

8-K

Western Digital Reports Fiscal First Quarter 2023 Financial Results

27 Oct 22

Transcripts

View all

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

WDC

Earnings call transcript

2021 Q3

29 Oct 21

WDC

Earnings call transcript

2021 Q4

5 Aug 21

WDC

Earnings call transcript

2021 Q3

30 Apr 21

WDC

Earnings call transcript

2021 Q2

28 Jan 21

WDC

Earnings call transcript

2021 Q1

28 Oct 20

Latest ownership filings

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PRICE T ROWE ASSOCIATES INC /MD/

Financial summary

Financial statements Chart WDC financial data

Quarter (USD)	Dec 22	Sep 22	Jul 22	Apr 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jul 22	Jul 21	Jul 20	Jun 19
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)	1.87 bn	1.87 bn	1.87 bn	1.87 bn	1.87 bn	1.87 bn
Cash burn (monthly)	59.33 mm	55.00 mm	128.33 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	175.55 mm	162.73 mm	379.71 mm	n/a	n/a	n/a
Cash remaining	1.70 bn	1.71 bn	1.49 bn	n/a	n/a	n/a
Runway (months of cash)	28.6	31.1	11.6	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

WDC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	515	562	-8.4%
Opened positions	68	58	+17.2%
Closed positions	115	106	+8.5%
Increased positions	185	181	+2.2%
Reduced positions	187	227	-17.6%

13F shares	Current	Prev Q	Change
Total value	8.68 tn	156.10 bn	+5461.2%
Total shares	275.42 mm	258.23 mm	+6.7%
Total puts	9.79 mm	10.36 mm	-5.5%
Total calls	10.70 mm	7.09 mm	+50.8%
Total put/call ratio	0.9	1.5	-37.3%

Largest owners	Shares	Value	Change
Vanguard	37.34 mm	$1.18 tn	+1.9%
BLK Blackrock	25.73 mm	$811.92 bn	+3.1%
T. Rowe Price	20.66 mm	$657.74 bn	+93.1%
STT State Street	12.39 mm	$391.02 bn	NEW
BEN Franklin Resources	8.09 mm	$255.15 bn	-16.6%
Geode Capital Management	6.81 mm	$216.91 bn	+2.5%
FIL	6.24 mm	$196.73 bn	+0.4%
IVZ Invesco	5.91 mm	$186.40 bn	+56.1%
DnB Asset Management AS	5.78 mm	$182.37 bn	+27.3%
AMP Ameriprise Financial	5.57 mm	$175.72 bn	-2.7%

Largest transactions	Shares	Bought/sold	Change
STT State Street	12.39 mm	+12.39 mm	NEW
T. Rowe Price	20.66 mm	+9.96 mm	+93.1%
Sanders Capital	570.87 k	-7.72 mm	-93.1%
Viking Global Investors	0.00	-7.40 mm	EXIT
Victory Capital Management	4.56 mm	+3.82 mm	+517.0%
NMR Nomura	2.91 mm	-3.06 mm	-51.2%
Clearbridge Advisors	2.40 mm	-3.04 mm	-55.9%
Norges Bank	2.82 mm	+2.82 mm	NEW
GS Goldman Sachs	713.47 k	-2.55 mm	-78.2%
Cibc World Markets	2.19 mm	+2.16 mm	+7409.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WDC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Mar 23	Goeckeler David	Common Stock	Payment of exercise	Dispose F	No	No	37.9	213,906	8.11 mm	736,450
8 Mar 23	Goeckeler David	Common Stock	Option exercise	Acquire M	No	No	0	5,109	0.00	950,356
8 Mar 23	Goeckeler David	Dividend Equivalent Rights Common Stock	Option exercise	Dispose M	No	No	0	5,109.747	0.00	0
27 Feb 23	Zamiska Gene M.	Common Stock	Payment of exercise	Dispose F	No	No	38.51	196	7.55 k	31,192
27 Feb 23	Robert Soderbery	Common Stock	Payment of exercise	Dispose F	No	No	38.51	686	26.42 k	197,556
27 Feb 23	Sivaram Srinivasan	Common Stock	Payment of exercise	Dispose F	No	No	38.51	706	27.19 k	344,514.498
27 Feb 23	Ray Michael Charles	Common Stock	Payment of exercise	Dispose F	No	No	38.51	440	16.94 k	167,841