Mutual of America Capital Management LLC Boosts Holdings in Western Digital Co. (NASDAQ:WDC)

Mutual of America Capital Management LLC raised its holdings in shares of Western Digital Co. (NASDAQ:WDCGet Rating) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,705 shares of the data storage provider’s stock after acquiring an additional 936 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Western Digital were worth $1,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Street Markets LLC boosted its stake in shares of Western Digital by 411.7% during the 2nd quarter. Clear Street Markets LLC now owns 655 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 527 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of Western Digital by 368.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 679 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 534 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Western Digital during the 2nd quarter worth about $34,000. Herold Advisors Inc. acquired a new stake in shares of Western Digital during the 1st quarter worth about $40,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of Western Digital by 113.2% during the 1st quarter. Wolverine Asset Management LLC now owns 828 shares of the data storage provider’s stock worth $41,000 after purchasing an additional 7,100 shares during the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Trading Up 2.1 %

WDC opened at $37.00 on Thursday. The firm has a market capitalization of $11.75 billion, a P/E ratio of 12.76 and a beta of 1.53. The firm’s 50 day moving average is $35.34 and its 200-day moving average is $44.58. Western Digital Co. has a 52-week low of $31.56 and a 52-week high of $69.36. The company has a quick ratio of 1.05, a current ratio of 1.83 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

Several research firms recently issued reports on WDC. Deutsche Bank Aktiengesellschaft cut shares of Western Digital from a “buy” rating to a “hold” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Monday, September 19th. Wedbush decreased their target price on shares of Western Digital from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 25th. Mizuho cut shares of Western Digital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $40.00 in a research report on Wednesday, September 21st. Stifel Nicolaus decreased their target price on shares of Western Digital from $85.00 to $77.00 in a research report on Thursday, August 4th. Finally, Rosenblatt Securities decreased their target price on shares of Western Digital from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, September 16th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.81.

Insider Activity

In other news, SVP Gene M. Zamiska sold 2,169 shares of Western Digital stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $40.90, for a total transaction of $88,712.10. Following the sale, the senior vice president now owns 31,554 shares in the company, valued at $1,290,558.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Western Digital Profile

(Get Rating)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers.

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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