Munich Reinsurance Co Stock Corp in Munich Trims Stock Position in Western Digital Corporation $WDC

Key Points

• Munich Re cut its stake by 47.4%, selling 43,205 shares and ending the quarter with 47,940 WDC shares valued at about $8.44 million; overall institutional ownership of WDC is high at 92.51%.
• Analysts have turned bullish, with multiple banks raising price targets (JPMorgan to $400, Citigroup/Barclays to $405) and a consensus "Moderate Buy" rating even as the stock trades near its 52‑week high around $404 and a market cap of roughly $137 billion.
• Fundamentals show strength but insiders have sold: Western Digital beat Q4 estimates (EPS $2.13 vs $1.93; revenue $3.02B, +25.2% YoY) and pays a small dividend, while insiders sold about 92,711 shares (~$24.3M) over the last quarter.

Munich Reinsurance Co Stock Corp in Munich cut its position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 47.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,940 shares of the data storage provider's stock after selling 43,205 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Western Digital were worth $8,440,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC raised its stake in Western Digital by 2.6% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider's stock worth $341,000 after purchasing an additional 51 shares during the period. 44 Wealth Management LLC raised its stake in Western Digital by 0.8% during the third quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider's stock worth $1,120,000 after purchasing an additional 78 shares during the period. Addison Advisors LLC raised its stake in Western Digital by 7.1% during the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider's stock worth $154,000 after purchasing an additional 85 shares during the period. JFS Wealth Advisors LLC raised its stake in Western Digital by 41.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 293 shares of the data storage provider's stock worth $50,000 after purchasing an additional 86 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in shares of Western Digital by 47.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider's stock valued at $52,000 after acquiring an additional 97 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WDC shares. JPMorgan Chase & Co. lifted their price target on shares of Western Digital from $320.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Truist Financial set a $310.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Citigroup lifted their price target on shares of Western Digital to $405.00 and gave the company a "buy" rating in a research report on Monday, April 13th. Wells Fargo & Company lifted their price target on shares of Western Digital from $260.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Finally, Barclays lifted their price objective on shares of Western Digital from $325.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Western Digital has an average rating of "Moderate Buy" and a consensus target price of $310.79.

Western Digital Trading Up 0.2%

Shares of WDC stock opened at $404.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The stock has a market capitalization of $136.97 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 0.85 and a beta of 1.77. The company has a 50 day moving average price of $304.49 and a 200 day moving average price of $225.12. Western Digital Corporation has a fifty-two week low of $39.90 and a fifty-two week high of $416.37.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping 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 company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the previous year, the business posted $1.77 EPS. The firm's revenue was up 25.2% on a year-over-year basis. Equities research analysts predict that Western Digital Corporation will post 8.52 EPS for the current fiscal year.

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, March 5th. Western Digital's payout ratio is 5.02%.

Insider Activity

In other news, insider Cynthia L. Tregillis sold 9,324 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the sale, the insider owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Irving Tan sold 20,000 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the sale, the chief executive officer owned 623,586 shares of the company's stock, valued at $159,288,807.84. This represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 92,711 shares of company stock worth $24,300,404. Insiders own 0.18% of the company's stock.

Western Digital News Summary

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

• Positive Sentiment: Barclays bumped its price target to $405 and kept an Overweight rating, a high‑profile upgrade that likely triggered buy orders and helped lift sentiment. Barclays Raises its Price Target on Western Digital (WDC) to $405
• Positive Sentiment: Analyst upgrades and price‑target raises from multiple banks (JPMorgan, Morgan Stanley, BofA, etc.) alongside expectations for an earnings beat have amplified buying ahead of WDC’s late‑April print. Analysts lift price targets ahead of late‑April earnings
• Positive Sentiment: Market narrative: strong AI/datacenter storage demand is supporting HDD/SSD pricing and margins — a theme that has propelled WDC to large YTD gains as investors reposition into “AI infrastructure” names. Western Digital Stock Is Up 135% This Year – Here’s Why
• Positive Sentiment: Memory‑themed ETF inflows and sector momentum (Micron and peers rallying) are boosting demand for large‑cap exposure to storage, indirectly supporting WDC’s multiple. Memory ETF hits $1B AUM
• Neutral Sentiment: Western Digital published its FY2025 Sustainability Report highlighting energy and recycled‑content initiatives — positive for ESG positioning but with limited immediate revenue impact. Western Digital ESG Progress Puts Sustainability In Focus
• Neutral Sentiment: Insider transactions disclose small, pre‑arranged sales (Rule 10b5‑1) — routine and not signaling management panic, though often monitored by investors. Cynthia Tregillis Sells 363 Shares
• Negative Sentiment: Valuation and momentum risk: rapid gains to new 52‑week highs leave WDC’s multiple extended — a disappointment in AI demand or margins could trigger a sharp pullback. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52‑Week High?
• Negative Sentiment: Competitive/structural risks: differences between NAND‑focused peers and HDD exposure mean longer‑term market dynamics could favor some competitors, potentially capping WDC’s longer‑term multiple. SanDisk vs. Western Digital

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.

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