Mutual of America Capital Management LLC Has $4.51 Million Stake in Western Digital Corporation $WDC

Mutual of America Capital Management LLC lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 6.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,600 shares of the data storage provider’s stock after selling 2,404 shares during the period. Mutual of America Capital Management LLC’s holdings in Western Digital were worth $4,514,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. ORG Partners LLC raised its holdings in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Private Wealth Management Group LLC increased its position in Western Digital by 102.5% in the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after buying an additional 202 shares in the last quarter. Rakuten Securities Inc. raised its stake in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares during the period. NewSquare Capital LLC boosted its holdings in Western Digital by 86.9% in the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 204 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kimberly Alexy sold 1,768 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total transaction of $272,272.00. Following the completion of the transaction, the director owned 3,585 shares in the company, valued at $552,090. This represents a 33.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the completion of the transaction, the chief executive officer owned 645,467 shares of the company’s stock, valued at $97,265,422.23. This trade represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,816 shares of company stock worth $4,116,148. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on WDC shares. Citigroup increased their price objective on Western Digital from $200.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. China Renaissance assumed coverage on Western Digital in a research note on Friday, December 5th. They issued a “buy” rating and a $193.00 price objective for the company. Benchmark lifted their price objective on shares of Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Evercore ISI reissued an “outperform” rating and issued a $230.00 price objective on shares of Western Digital in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Western Digital News Summary

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Q2 beat: WDC reported $2.13 EPS and $3.02B revenue, topping consensus estimates and showing a meaningful year‑over‑year improvement in profit margins. This is the primary driver behind investor optimism. Read More.
• Positive Sentiment: Upbeat guidance: Management forecast Q3 revenue above Street estimates, citing sustained demand for HDDs and flash storage from AI servers — reinforcing the view that AI-driven data center demand is driving growth. Read More.
• Positive Sentiment: Sector tailwind: Strong results from peer Seagate helped lift WDC ahead of its report as investors priced in continued strength across storage names. Read More.
• Neutral Sentiment: Financial detail & investor materials: The company posted a $1.84B profit and provided a press release, slide deck and conference call — useful for modeling forward margins and capacity plans but not market-moving by itself. Read More.
• Neutral Sentiment: Analyst revisions: Several analysts revised forecasts higher into the print, which supports the bullish thesis but also means expectations are elevated. Read More.
• Negative Sentiment: Profit-taking and overbought technicals: WDC had run to record highs ahead of earnings, prompting take‑profits and triggering “overbought” warnings that can pressure shares short‑term. Read More.
• Negative Sentiment: Market commentary caution: Media/TV commentators have advised against “chasing” high‑momentum memory/storage names, which can amplify short-term selling after big moves. Read More.

Western Digital Price Performance

WDC stock opened at $278.41 on Friday. The firm has a 50 day simple moving average of $191.38 and a two-hundred day simple moving average of $135.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94. The stock has a market cap of $95.19 billion, a PE ratio of 40.53, a P/E/G ratio of 1.33 and a beta of 1.78. Western Digital Corporation has a one year low of $28.83 and a one year high of $285.42.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.Western Digital’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period last year, the firm posted $1.77 EPS. On average, analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s dividend payout ratio is currently 7.28%.

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.