Munich Reinsurance Co Stock Corp in Munich Sells 17,169 Shares of Western Digital Corporation $WDC

Munich Reinsurance Co Stock Corp in Munich trimmed its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 51.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,010 shares of the data storage provider’s stock after selling 17,169 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Western Digital were worth $10,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its stake in Western Digital by 71.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after acquiring an additional 96,078 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Western Digital by 33.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock worth $193,303,000 after purchasing an additional 282,156 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Western Digital during the fourth quarter worth approximately $20,889,000. World Investment Advisors increased its position in shares of Western Digital by 145.8% in the fourth quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after purchasing an additional 3,529 shares during the period. Finally, Win Advisors Inc. bought a new position in Western Digital in the 4th quarter valued at about $1,233,000. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 1,007 shares of Western Digital stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the transaction, the insider owned 112,155 shares in the company, valued at $53,650,465.80. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the sale, the chief executive officer directly owned 575,966 shares in the company, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 23,210 shares of company stock valued at $10,440,960. 0.18% of the stock is owned by corporate insiders.

Western Digital Trading Up 5.9%

NASDAQ WDC opened at $467.46 on Friday. The business has a fifty day simple moving average of $506.03 and a 200 day simple moving average of $445.72. The firm has a market capitalization of $161.12 billion, a P/E ratio of 19.31, a PEG ratio of 1.87 and a beta of 2.13. Western Digital Corporation has a 12 month low of $91.43 and a 12 month high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm earned $1.66 earnings per share. The firm’s revenue was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, sell-side analysts predict that Western Digital Corporation will post 19.65 EPS for the current fiscal year.

Western Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s payout ratio is presently 2.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WDC. UBS Group lowered their price target on Western Digital from $560.00 to $525.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Robert W. Baird set a $630.00 target price on Western Digital in a research report on Thursday, August 6th. Fox Advisors downgraded shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Summit Insights lowered Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Susquehanna raised their price target on shares of Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $534.56.

More Western Digital News

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

• Positive Sentiment: A broad rally in memory stocks lifted Western Digital alongside SK Hynix and Seagate. Investors appear to be responding to stronger memory pricing, supply tightness and continued demand from artificial-intelligence data centers. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: Western Digital’s investment case is supported by AI-driven storage growth, higher hard-disk-drive pricing and expanding margins. Recent earnings also showed revenue growth and earnings above consensus, while management’s next-quarter guidance points to continued momentum. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Positive Sentiment: China’s progress in memory manufacturing is not viewed as an immediate threat because Western Digital and peers reportedly have capacity committed under multiyear contracts. That could help protect near-term pricing and margins. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets above the current trading level, but the stock’s sharp six-month advance has made expectations demanding. Investors are watching whether future earnings estimates can justify the valuation. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Negative Sentiment: Recent insider transactions have consisted of sales rather than purchases, including a director’s sale of roughly $2.5 million in shares. Insider selling and profit-taking previously pressured WDC, while the stock’s elevated valuation leaves it vulnerable if storage-sector momentum fades. Western Digital Falls as Sector Weakness and Insider Selling Weigh on Shares

Western Digital 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.