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Norway's central bank bought $352.57 million worth of Western Digital shares, despite the company underperforming.
Norges Bank, Norway's central bank, bought 5.9 million shares of Western Digital Corp. valued at $352.57 million, representing about 1.70% of the company's shares.
Despite Western Digital underperforming analysts' earnings expectations, the stock has a "Moderate Buy" rating with a target price of $80.21.
The company specializes in data storage devices and solutions and has a market cap of $14.13 billion.
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El banco central de Noruega compró acciones de Western Digital por valor de 352,57 millones de dólares, a pesar del bajo rendimiento de la compañía.