Western Digital Logs 17% Earnings Upgrade and $469K Hedge Fund Stake
Western Digital’s consensus earnings estimate for the current year rose nearly 17% over the past 60 days, giving it a PEG ratio of 0.62 versus the industry’s 1.34 and a Growth Score of B. Stratos Wealth Partners launched a position of 3,903 shares valued at approximately $469,000 during the third quarter.
1. Earnings Estimate Upgrade
Western Digital’s Zacks Consensus Estimate for its current fiscal year earnings has climbed roughly 17% over the last 60 days, reflecting improved revenue forecasts for its data storage devices and solutions segment. This revision leaves the company with a PEG ratio of 0.62, well below the industry average of 1.34, signaling potential undervaluation relative to its growth trajectory.
2. Institutional Stake Acquisition
In the third quarter, Stratos Wealth Partners initiated a stake in Western Digital by purchasing 3,903 shares for about $469,000. This marks a new institutional endorsement that could attract further attention from other asset managers and influence trading liquidity.