Bank Of Nova Scotia Has Trimmed Its Holding in Western Digital (WDC) by $13.63 Million as Share Price Rose; Nxp Semiconductors N V (NXPI) Shareholder Marco Investment Management Has Cut Holding by $497,250 as Share Price Rose

April 21, 2018 - By whatsonthorold

Western Digital Corporation (NASDAQ:WDC) Logo

Marco Investment Management Llc decreased its stake in Nxp Semiconductors N V (NXPI) by 6.87% based on its latest 2017Q4 regulatory filing with the SEC. Marco Investment Management Llc sold 4,250 shares as the company’s stock rose 4.13% while stock markets declined. The institutional investor held 57,650 shares of the semiconductors company at the end of 2017Q4, valued at $6.75 million, down from 61,900 at the end of the previous reported quarter. Marco Investment Management Llc who had been investing in Nxp Semiconductors N V for a number of months, seems to be less bullish one the $36.13 billion market cap company. The stock decreased 1.88% or $2.02 during the last trading session, reaching $105.15. About 13.14 million shares traded or 178.13% up from the average. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 17.73% since April 21, 2017 and is uptrending. It has outperformed by 6.18% the S&P500.

Bank Of Nova Scotia decreased its stake in Western Digital Corp (WDC) by 39.84% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Nova Scotia sold 172,525 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 260,547 shares of the electronic components company at the end of 2017Q4, valued at $20.72 million, down from 433,072 at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.65 billion market cap company. The stock increased 0.06% or $0.05 during the last trading session, reaching $89.56. About 3.26M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 21, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on April, 26 after the close. They expect $2.97 earnings per share, up 43.48% or $0.90 from last year’s $2.07 per share. WDC’s profit will be $883.74 million for 7.54 P/E if the $2.97 EPS becomes a reality. After $3.62 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -17.96% negative EPS growth.

Among 36 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 164 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, June 21 by Benchmark. As per Friday, January 15, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Bank of America on Thursday, October 27 to “Neutral”. As per Tuesday, March 27, the company rating was maintained by Barclays Capital. The stock of Western Digital Corporation (NASDAQ:WDC) has “Neutral” rating given on Friday, December 11 by Mizuho. Robert W. Baird upgraded Western Digital Corporation (NASDAQ:WDC) on Friday, March 16 to “Outperform” rating. Brean Capital maintained Western Digital Corporation (NASDAQ:WDC) rating on Thursday, April 28. Brean Capital has “Buy” rating and $108 target. On Friday, October 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 27. Goldman Sachs maintained Western Digital Corporation (NASDAQ:WDC) on Wednesday, August 17 with “Sell” rating.

Bank Of Nova Scotia, which manages about $21.92 billion US Long portfolio, upped its stake in Fidelity National Financial by 4.66 million shares to 4.68 million shares, valued at $14.34M in 2017Q4, according to the filing. It also increased its holding in Archer Daniels Midland Co (NYSE:ADM) by 152,779 shares in the quarter, for a total of 251,695 shares, and has risen its stake in At&T Inc (NYSE:T).

Since January 29, 2018, it had 0 buys, and 11 insider sales for $24.09 million activity. $376,037 worth of stock was sold by LONG MARK P on Monday, February 5. 23,155 Western Digital Corporation (NASDAQ:WDC) shares with value of $2.19 million were sold by MILLIGAN STEPHEN D. Sivaram Srinivasan also sold $942,109 worth of Western Digital Corporation (NASDAQ:WDC) shares.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.05, from 1.12 in 2017Q3. It worsened, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Ledyard Comml Bank holds 0.03% or 2,742 shares in its portfolio. Pub Employees Retirement Of Ohio invested 0.06% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Lloyds Bk Grp Public Ltd Com holds 41 shares or 0.03% of its portfolio. Kynikos Lp invested in 49,950 shares or 1.41% of the stock. Lmr Limited Liability Partnership reported 0.02% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Bb&T holds 0.03% or 22,081 shares in its portfolio. Jane Street Gp Ltd Liability Corporation has 85,699 shares for 0.02% of their portfolio. Foundry Prns Ltd Liability reported 0.42% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Dupont Capital Mngmt reported 0.15% stake. Westpac Banking reported 51,056 shares or 0.09% of all its holdings. Commerzbank Aktiengesellschaft Fi invested in 0.15% or 155,062 shares. Stifel Fincl Corporation reported 0.09% stake. Parametric Port Associate Limited Liability Com has invested 0.09% in Western Digital Corporation (NASDAQ:WDC). Villere St Denis J Limited Liability Company invested 5.12% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Chicago Equity Prtn Limited, Illinois-based fund reported 52,400 shares.

Marco Investment Management Llc, which manages about $888.82M and $655.50 million US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 70,664 shares to 288,210 shares, valued at $18.45 million in 2017Q4, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 10,503 shares in the quarter, for a total of 203,135 shares, and has risen its stake in Micron Technology Inc (NASDAQ:MU).

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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