Munich Reinsurance Co Stock Corp in Munich Makes New $10.94 Million Investment in Western Digital Corporation $WDC

Key Points

• Munich Re acquired a new stake of 91,145 shares in Western Digital valued at about $10.94 million during the third quarter.
• Western Digital reported a quarterly beat with EPS of $2.13 and revenue up 25.2% year‑over‑year to $3.02 billion, and announced a quarterly dividend of $0.125 ($0.50 annual).
• The company has repositioned as a pure‑play HDD after its flash spin‑off and secured long‑term hyperscaler agreements that book production through at least 2028, though clustered insider selling and concerns about valuation/cyclical peak risk could add near‑term volatility.

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Western Digital Corporation (NASDAQ:WDC - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 91,145 shares of the data storage provider's stock, valued at approximately $10,943,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Western Digital by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock valued at $1,698,000 after buying an additional 3,019 shares during the period. Geneos Wealth Management Inc. grew its holdings in Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after acquiring an additional 967 shares during the period. Sivia Capital Partners LLC acquired a new stake in Western Digital during the 2nd quarter worth about $307,000. Envestnet Asset Management Inc. raised its position in shares of Western Digital by 78.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,778 shares of the data storage provider's stock worth $13,360,000 after acquiring an additional 91,966 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Western Digital in the 2nd quarter valued at about $286,000. Institutional investors own 92.51% of the company's stock.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $245.25 on Friday. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $309.90. The stock's 50 day moving average is $246.38 and its 200-day moving average is $171.86. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $83.15 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 0.60 and a beta of 1.76.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm posted $1.77 EPS. Western Digital's revenue was up 25.2% compared to the same quarter last year. Sell-side analysts forecast that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. Western Digital's payout ratio is presently 5.02%.

More Western Digital News

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

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the completion of the transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 121,682 shares of the company's stock, valued at $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 84,277 shares of company stock worth $22,091,068. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup raised their target price on Western Digital to $325.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. Wedbush reissued an "outperform" rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday, February 9th. New Street Research set a $250.00 price target on Western Digital in a report on Tuesday, February 3rd. Morgan Stanley lifted their price objective on shares of Western Digital from $260.00 to $306.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Finally, Weiss Ratings raised shares of Western Digital from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Western Digital has a consensus rating of "Moderate Buy" and a consensus target price of $265.58.

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.

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