Western Digital Corporation (WDC): Today's Featured Computer Hardware Winner

Western Digital Corporation ( WDC) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole was unchanged today. By the end of trading, Western Digital Corporation rose 35 cents (1.1%) to $31.97 on average volume. Throughout the day, 4.1 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in a price between $31.50-$32.14 after having opened the day at $31.89 as compared to the previous trading day's close of $31.62. Other companies within the Computer Hardware industry that increased today were: Digital Generation ( DGIT), up 22.8%, Crossroads Systems Incorporated ( CRDS), up 8.9%, MTS Medication Technologies ( MTSI), up 7%, and Mad Catz Interactive ( MCZ), up 4.7%.

Western Digital Corporation, through its subsidiaries, provides solutions for the collection, storage, management, protection, and use of digital content primarily audio and video worldwide. The company's principal product includes hard drives comprising 3.5-inch and 2.5-inch form factors. Western Digital Corporation has a market cap of $8.21 billion and is part of the technology sector. The company has a P/E ratio of 7.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Western Digital Corporation a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Western Digital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Xata Corporation ( XATA), down 6.1%, Dataram Corporation ( DRAM), down 6.1%, Acorn Energy ( ACFN), down 5.5%, and Hauppauge Digital ( HAUP), down 5.4%, were all losers within the computer hardware industry with Dell ( DELL) being today's computer hardware industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%