Institutional investors now own 92.51% of Western Digital, as the company beat earnings forecasts and saw revenue surge.

Maverick Capital Ltd. and several other hedge funds have invested in Western Digital Co., with institutional investors now owning 92.51% of the company's stock. Western Digital reported third-quarter earnings of $1.78 per share, surpassing analyst predictions by $0.23, and revenue increased 48.9% year-over-year to $4.10 billion. Despite insider sales, the company has a "Moderate Buy" consensus rating with a target price of $87.71.

November 30, 2024
3 Articles

Further Reading