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   Technology StocksWDC, NAND, NVM, enterprise storage systems, etc.

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From: Sam10/28/2021 5:26:30 PM
   of 4734
WDC getting smacked AH. Down to 51.35-51.40 at the moment after closing at 57.28. They beat earnings and revenue estimates but guidance disappointed.

Western Digital EPS beats by $0.05, beats on revenue; guides Q2 below estimates
Oct. 28, 2021 4:03 PM ET Western Digital Corporation (WDC) By: Jignesh Mehta, SA News Editor
  • Western Digital (NASDAQ: WDC): Q1 Non-GAAP EPS of $2.49 beats by $0.05; GAAP EPS of $1.93 misses by $0.10.
  • Revenue of $5.1B (+30.8% Y/Y) beats by $40M.
  • Press Release
  • Generated operating cash flow of $521M and free cash flow of $224M.
  • For FQ2, Western Digital forecasts revenue of $4.7-4.9B (consensus: $5.24B), $1.95-2.25 EPS (consensus: $2.63).

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From: BeenRetired11/13/2021 10:22:39 AM
   of 4734

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To: BeenRetired who wrote (4705)11/19/2021 12:49:35 PM
From: SiliconAlley
   of 4734
I totally agree.

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From: BeenRetired11/21/2021 8:48:56 AM
   of 4734
Dumbfounded how quickly moving to $500.

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From: Sam11/23/2021 9:59:28 AM
   of 4734
Japan to allocate $5.2 bln to fund chip plants by TSMC, others - Nikkei
Reuters November 23, 2021 08:11:00 AM ET

Nov 23 (Reuters) - Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world's No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC), Nikkei reported on Tuesday.

As part of the stimulus package, the Japanese government will invest about 400 billion yen in a new factory to be set up by TSMC in Kumamoto prefecture, southwest Japan, according to Nikkei .

TSMC said earlier this month it would build a $7 billion chip plant in Japan with Sony Group Corp, a move that was welcomed by the Japanese government.

The remaining 200 billion yen will go toward setting up other factories with several projects under consideration, including by U.S. memory chipmaker Micron Technology Inc and Japan'sKioxia Holdings, the report said.

Japan's chip-making sector, the world's biggest in the 1980s, has struggled to maintain its competitive edge, going into a steady decline in the past three decades, while rivals such as Taiwanese manufacturers gained ground.

TSMC, Micron and Kioxia did not immediately respond to Reuters' requests for comment.

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To: BeenRetired who wrote (4707)11/23/2021 10:00:50 AM
From: Unwelcomeguest
   of 4734
I think it was actually $550... ;-D

Anyway, so great to see this stock getting some love from the market. I sold my very long held shares in August and bought TSLA. Hope you guys have the same sort of appreciation in WDC.


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From: Sam11/23/2021 10:14:06 AM
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Micron, Western Digital upgraded at Mizuho on resilient demand
Nov. 23, 2021 7:42 AM ET

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From: JCnieuwenj12/1/2021 5:52:49 AM
   of 4734
Quite an interesting summary of WDC in the last analyst meeting

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From: Sam12/22/2021 9:47:42 AM
   of 4734
SK Hynix gets China antitrust approval for $9B purchase of Intel's NAND business

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From: Sam12/29/2021 12:44:06 PM
   of 4734
Potential Disruptions to Memory Sector Likely a Positive, Wedbush Says, Following Xi'an Lockdown
MT NEWSWIRES 11:09 AM ET 12/29/2021

Symbol Last Price Change
96.48 +3.54 (+3.8089%)
66.86 +4.02 (+6.3972%)
QUOTES AS OF 12:41:31 PM ET 12/29/2021

11:09 AM EST, 12/29/2021 (MT Newswires) -- Potential disruptions to the memory industry as a result of the lockdown of the Chinese city Xi'an are "likely to result in favorable near-term implications," said Wedbush analyst Matt Bryson on Wednesday, "with pricing trends pulled forward and first-quarter contract negotiations weighted in the manufacturers' favor."

The lockdown was precipitated by the outbreak of the omicron variant, and will likely impact Samsung -- which has a NAND production facility in the area -- and Micron Technology's(MU) site which does testing and packaging. Micron is said to be in talks with the local government regarding continued production.

"[A]ny rising tide should benefit all names," Wedbush said in a report to clients, "including Micron, Samsung, Hynix, etc." Wedbush noted it prefers Western Digital(WDC) , but the memory sector as a whole is expecting "strong demand trends through 2022."

Wedbush has a neutral rating and a $100 price target on Micron. The stock has an average rating of outperform and price targets ranging from $58 to $165, according to analysts polled by Capital IQ.

Wedbush has an outperform rating and $70 price target on Western Digital(WDC). The stock has an average rating of outperform and price targets ranging from $55 to $97, according to analysts polled by Capital IQ.

Micron is up more than 3% in Wednesday morning trading. Western Digital(WDC) is up nearly 6% and trading above its 200-day moving average for the first time since August.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here:

Price: 95.44, Change: +2.50, Percent Change: +2.69

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