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WDC

Western Digital

$89.92

0.74 (0.83%)

07:04
09/20/17
09/20
07:04
09/20/17
07:04

Technical View: Western Digital falls as Toshiba selects Bain-led group as buyer

Toshiba (TOSBF, TOSYY) has selected a Bain-led group as buyer for its semiconductor unit in a deal valued at $22B. Western Digital (WDC) competitor Seagate (STX) is among that group. In the pre-market shares were last down 4.1% to $86.23. At that price next support is at $85.37. Resistance is at the $87 area.

WDC Western Digital
$89.92

0.74 (0.83%)

09/12/17
RBCM
09/12/17
NO CHANGE
RBCM
Western Digital likely to hold minority stake in Toshiba, says RBC Capital
After Japanese newspaper Nikkan reported that a consortium which includes Western Digital (WDC) would buy Toshiba's (TOSBF) memory assets, RBC Capital analyst Amit Daryanani says that Western Digital will likely hold a minority stake in the assets, given anti-trust concerns. The analyst estimates that a 12%-13% stake would boost Western Digital's EPS by 25c-30c in 2018. Daryanani believes that the deal will be positive for the company as it will enable it to secure NAND bit capacity, prevent Foxconn/SK Hynix from getting the asset, and could boost its profits. He keeps a $115 price target and an Outperform rating on the stock.
09/13/17
LBOW
09/13/17
NO CHANGE
Target $120
LBOW
Buy
iPhone 64GB starting point a 'pleasant surprise' for NAND makers, says Longbow
Longbow analyst Joe Wittine said many had expected a 32GB starting point for the memory in the new iPhones, consistent with the 7/7+, calling the new 64GB starting point for the iPhone 8/8+ a "pleasant surprise" for companies in the NAND supply chain. Rising NAND consumption could help smooth the eventual downside of the cycle for Western Digital, helping it maintain greater than 40% gross margins for longer, added the analyst. Wittine keeps a Buy rating and $120 price target on Western Digital shares.
09/13/17
SBSH
09/13/17
NO CHANGE
Target $110
SBSH
Buy
Citi still sees Western Digital participating in Toshiba joint venture
Citi analyst Stanley Kovler says he continues to believe Western Digital (WDC) will be able to participate in the joint venture with Toshiba (TOSYY, TOSBF) and source NAND much like it has in the past, even after Toshiba signed a memorandum of understanding with the Bain Capital consortium for the sale of its memory business. If Western Digital takes a more commercial approach to resolution versus a legal route, the analyst sees a path to work with Bain and co-invest in Fab6. Kovler keeps a Buy rating on Western Digital with a $110 price target.
09/19/17
BFIN
09/19/17
NO CHANGE
BFIN
Hard disk drive demand environment degrading, says BlueFin
BlueFin analyst John Donovan said the demand environment for Western Digital (WDC), Seagate (STX) and Toshiba (TOSBF) for hard disk drives has been degrading, with September to date not being as robust as anticipated. He sees true demand tracking under 100M units in the quarter, but still sees drive suppliers on a path to over 102M units, he added. Pricing is "even more aggressive" than he previously feared, Donovan added.

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GE

General Electric

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-0.01 (-0.07%)

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JNJ

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

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MYND

MYnd Analytics

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0.0301 (1.17%)

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

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CTRV

ContraVir Pharmaceuticals

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0.0027 (1.02%)

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

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IAC

IAC

$153.99

3.2 (2.12%)

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SPG

Simon Property

$156.66

2.63 (1.71%)

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FN

Fabrinet

$28.64

0.99 (3.58%)

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CASI

Casi Pharmaceuticals

$3.85

0.1 (2.67%)

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

, TNDM

TNDM

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

TNDM

TNDM

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IDXX

Idexx Laboratories

$187.61

3.75 (2.04%)

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Idexx Laboratories director sells 4,000 common shares »

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CYDY

CytoDyn

$0.72

0.02 (2.86%)

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MRUS

Merus

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MSG

Madison Square Garden

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MKL

Markel

$1,121.90

14.9 (1.35%)

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

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AGN

Allergan

$162.09

2.69 (1.69%)

, MYL

Mylan

$41.45

0.17 (0.41%)

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AGN

Allergan

$162.09

2.69 (1.69%)

MYL

Mylan

$41.45

0.17 (0.41%)

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SCHW

Charles Schwab

$52.74

0.71 (1.36%)

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

, BRK.A

Berkshire Hathaway

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1.38 (2.04%)

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$304,020.01

2616.01 (0.87%)

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Berkshire Hathaway

$202.76

2.03 (1.01%)

BUD

AB InBev

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1.91 (1.81%)

QSR

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1.02 (1.75%)

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SWX

Southwest Gas

$69.17

1.65 (2.44%)

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

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HSBC

HSBC

$51.23

0.19 (0.37%)

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