Munich Reinsurance Co Stock Corp in Munich Invests $10.94 Million in Western Digital Corporation $WDC

Munich Reinsurance Co Stock Corp in Munich bought a new stake in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 91,145 shares of the data storage provider’s stock, valued at approximately $10,943,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WDC. Addison Advisors LLC lifted its position in shares of Western Digital by 7.1% during the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after buying an additional 85 shares in the last quarter. Pure Financial Advisors LLC increased its position in shares of Western Digital by 3.1% during the third quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after acquiring an additional 107 shares during the last quarter. Bogart Wealth LLC lifted its holdings in Western Digital by 57.7% during the third quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after acquiring an additional 113 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Western Digital by 3.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock worth $465,000 after purchasing an additional 114 shares during the last quarter. Finally, ORG Partners LLC boosted its position in Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Stock Down 5.3%

Shares of NASDAQ WDC opened at $245.25 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The stock has a market capitalization of $83.15 billion, a PE ratio of 24.60, a P/E/G ratio of 0.60 and a beta of 1.76. Western Digital Corporation has a one year low of $28.83 and a one year high of $309.90. The business’s fifty day moving average price is $246.38 and its 200-day moving average price is $171.86.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The business 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 41.53% and a net margin of 35.52%.The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. On average, equities research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a $0.125 dividend. 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 payout ratio is currently 5.02%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WDC shares. Weiss Ratings raised Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Truist Financial set a $310.00 price target on shares of Western Digital in a report on Tuesday, February 3rd. New Street Research set a $250.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. UBS Group set a $306.00 price objective on shares of Western Digital in a report on Friday, January 30th. Finally, TD Cowen lifted their price objective on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and a consensus price target of $265.58.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 84,277 shares of company stock worth $22,091,068. 0.18% of the stock is owned by insiders.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Company completed the spin?off of its flash business and repositioned as a pure?play HDD supplier, reportedly selling a ~$3.1B stake and securing long?term hyperscaler agreements that fully book HDD production through at least 2028 — this improves cash, reduces leverage and gives multi?year revenue visibility. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Management and analysts highlight sold?out nearline/HDD capacity for 2026 and guidance pointing to material revenue and margin expansion driven by AI (video, large?model data), underpinning a structural re?rating story. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Options flow and institutional activity show heightened trading interest — large option bets and increased analyst coverage keep liquidity high but also increase short?term volatility. Western Digital’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Consumer retail promotions and pricing anomalies (e.g., SSD deals) create short?term retail noise but have limited impact on the enterprise HDD thesis that’s driving the stock. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Multiple insider sales were disclosed (senior execs sold shares on March 4), which can sap near?term sentiment even if sales are for diversification; investors often view clustered executive selling as a caution flag. Western Digital (NASDAQ:WDC) Insider Sells $2,501,349.48 in Stock
• Negative Sentiment: Analysts warn of valuation and cyclical peak risk — some argue recent gains price in peak AI storage demand and a pullback or normalization in hyperscaler buying could trigger downside. Market anxiety after a very large prior run (and a recent sharp sell?off episode) contributes to heavier profit?taking. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk What Drove WDC Stock’s Historic 490% Jump

Western Digital Company Profile

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.