NEW YORK (TheStreet) -- Shares of Western Digital(WDC) - Get Report closed higher on heavy trading volume on Friday after fellow technology company Intel (INTC) raised its revenue outlook for the third quarter citing higher PC sales.

The Santa Clara, CA-based chip giant said the revenue increase is largely due to a replenishment in PC supply chain inventory and rising demand.

Western Digital is a hard disk and flash memory chipmaker based in Irving, CA.

RBC said Western Digital could benefit from an improving PC market as the company has about 41% of the hard disk drive market, Barron's reports. The firm sees about 110 million units for the current quarter as a "reasonable" total available market.

Last week, the company upped its own guidance for the 2017 fiscal first quarter due to its recent acquisition of SanDisk.

About 9.5 million shares of Western Digital traded today, higher than its 30-day average trading volume of 4.5 million shares.

Shares of Intel also closed up on heavy trading volume today. Roughly 74.37 million shares changed hands on Friday vs. its average volume of 18.17 million shares.

Separately, TheStreet Ratings objectively rated Western Digital stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: WDC

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