La chaîne d'options affiche les données clés des options sur actions de Western Digital à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Western Digital..

Western Digital (NASDAQ:WDC) Stock, Chaîne d'Options

Western Digital

Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

Western Digital Corporation - Common Stock

Western Digital Corp

WILDCAT RESOURCES LTD by Wildcat Resources Ltd.

Wildcat resources Ltd

WESTERN DIGITAL ORD

Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $53,375, and 7 were calls, valued at $540,509.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $80.0 for Western Digital over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Western Digital's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Western Digital's whale activity within a strike price range from $65.0 to $80.0 in the last 30 days. 
<h3>Western Digital Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729187289_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.4</td>
<td>$14.4</td>
<td>$15.3</td>
<td>$65.00</td>
<td>$192.7K</td>
<td>371</td>
<td>127</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.6</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$75.00</td>
<td>$79.0K</td>
<td>3.8K</td>
<td>2.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.4</td>
<td>$3.35</td>
<td>$3.4</td>
<td>$65.00</td>
<td>$76.1K</td>
<td>7.0K</td>
<td>2.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.1</td>
<td>$6.05</td>
<td>$6.05</td>
<td>$67.50</td>
<td>$69.5K</td>
<td>472</td>
<td>116</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.14</td>
<td>$1.05</td>
<td>$1.12</td>
<td>$77.50</td>
<td>$53.5K</td>
<td>3.0K</td>
<td>582</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
In light of the recent options history for Western Digital, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Western Digital</h3>
<ul>
<li>With a trading volume of 1,237,582, the price of WDC is up by 0.35%, reaching $68.03.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Western Digital</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $92.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $92. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Western Digital, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Smart Money Is Betting Big In WDC Options

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$137.00</td>
<td>$35.4K</td>
<td>4.3K</td>
<td>18.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$235.00</td>
<td>$56.4K</td>
<td>32.4K</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$160.00</td>
<td>$59.3K</td>
<td>6.0K</td>
<td>2.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$41.00</td>
<td>$32.0K</td>
<td>16.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$154.00</td>
<td>$96.8K</td>
<td>1.3K</td>
<td>605</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$54.2K</td>
<td>15.6K</td>
<td>524</td>
</tr>
<tr>
<td>AMAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$200.00</td>
<td>$91.0K</td>
<td>1.1K</td>
<td>443</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$90.00</td>
<td>$47.5K</td>
<td>474</td>
<td>416</td>
</tr>
<tr>
<td>ERIC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.00</td>
<td>$28.2K</td>
<td>74</td>
<td>405</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$50.4K</td>
<td>4.6K</td>
<td>275</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 10 day(s) on October 25, 2024. Parties traded 200 contract(s) at a $137.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $177.0 per contract. There were 4396 open contracts at this strike prior to today, and today 18654 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 80 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $56.4K, with a price of $705.0 per contract. There were 32461 open contracts at this strike prior to today, and today 9157 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 69 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $59.3K, with a price of $860.0 per contract. There were 6009 open contracts at this strike prior to today, and today 2619 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on October 18, 2024. This event was a transfer of 178 contract(s) at a $41.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $180.0 per contract. There were 16457 open contracts at this strike prior to today, and today 1288 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 66 day(s) on December 20, 2024. This event was a transfer of 220 contract(s) at a $154.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $96.8K, with a price of $440.0 per contract. There were 1320 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 94 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $1085.0 per contract. There were 15619 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold. 
• Regarding AMAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $91.0K, with a price of $910.0 per contract. There were 1180 open contracts at this strike prior to today, and today 443 contract(s) were bought and sold. 
• Regarding ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on October 25, 2024. Parties traded 100 contract(s) at a $90.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $475.0 per contract. There were 474 open contracts at this strike prior to today, and today 416 contract(s) were bought and sold. 
• Regarding ERIC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), we observe a put option sweep with bearish sentiment. It expires in 94 day(s) on January 17, 2025. Parties traded 404 contract(s) at a $9.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $70.0 per contract. There were 74 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option sweep that happens to be neutral, expiring in 31 day(s) on November 15, 2024. This event was a transfer of 87 contract(s) at a $65.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $50.4K, with a price of $580.0 per contract. There were 4641 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AMAT

AVGO

ENPH

ERIC

NVDA

PLTR

10 Information Technology Stocks Whale Activity In Today's Session

Offering Industry-Leading TCO For Hyperscale, Cloud, And Enterprise Data Centers

News

Western Digital Ships World's Highest Capacity ePMR HDDs With Up To 32TB UltraSMR And 26TB CMR

Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) today announced that its PCIe&#xAE; Gen5 DC SN861 E.1S enterprise-class NVMe&#x2122; SSDs have been certified to support the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fdata-center%2Fgb200-nvl72%2F&amp;esheet=54134932&amp;newsitemid=20241014361938&amp;lan=en-US&amp;anchor=NVIDIA%26%23174%3B+GB200+NVL72&amp;index=1&amp;md5=84d8d08d42c681f2587a183ccb0958c3">NVIDIA&#xAE; GB200 NVL72</a> rack-scale system.
The rapid rise of AI, ML, and large language models (LLMs) is creating a challenge for companies with two opposing forces. Data generation and consumption are accelerating, while organizations face pressure to quickly derive value from this data. Performance, scalability, and efficiency are essential for AI technology stacks as storage demands rise. Certified to be compatible with the GB200 NVL72 system, Western Digital's enterprise SSD addresses the growing needs of the AI market for high-speed accelerated computing combined with low latency to serve compute-intensive AI environments.
The NVIDIA GB200 NVL72 system helps meet the diverse accelerated computing needs of the world's data centers and provides manufacturers with a reference architecture to quickly and cost-effectively build more than 100 system design configurations while maintaining consistency in design and performance.

Western Digital Enterprise SSDs Certified To Support NVIDIA GB200 NVL72 System For Compute-Intensive AI Environments

Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is a leading provider of data storage technology and infrastructure solutions.
Seagate reported revenues of $6.55 billion in fiscal 2024. In the fiscal fourth quarter of 2024, non-GAAP revenues of $1.89 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially driven by growing demand for mass capacity solutions. Management projected revenues to be $1.85 billion (+/- $150 million) for the fiscal fourth quarter.
<h2>STX Witnesses Solid Demand for Mass Capacity</h2>
Seagate is witnessing mass capacity demand improvement with nearline cloud demand picking up pace. In the last reported quarter, mass capacity revenues surged 46% year over year to $1.44 billion, owing to stronger global cloud demand. Sequentially, mass capacity revenues were up 22%.
Strengthening the global cloud demand environment is fueling demand for nearline capacity demand. In the last reported quarter, nearline cloud revenues more than doubled year over year, owing to higher traditional cloud computing workloads and new AI deployments. STX expects this momentum to continue in fiscal 2025.
Also, cloud service providers are focusing more on the development of AI applications while building cloud infrastructure. This includes training of large language models and expansion of the entire hardware stack to cushion generative AI content-driven growth. Seagate believes HDDs will play a key role in enabling these stages of the AI adoption curve and expects HDD demand to pick up pace going ahead.
Seagate&#39;s launch of the Mozaic 3+ hard drive platform, featuring Heat-Assisted Magnetic Recording (HAMR) technology, is also expected to aid in capturing a greater share in the market of mass capacity storage solutions.
Seagate expects HAMR to aid in exploiting megatrends like AI and machine learning, which will drive long-term demand for cost-effective mass-capacity storage solutions. The company has completed multiple qualifications for its 24TB CMR / 28TB SMR drives. It expects to begin volume shipments in the first quarter of fiscal 2025.
<h2>STX&#39;s Mass Capacity Exabyte Shipments</h2>
Mass capacity exabyte shipments represent more than 90% of total exabyte shipments. In the last reported quarter, the company shipped 103.9 exabytes for the mass-capacity storage market (including nearline, video and image applications and network-attached storage). This recorded a year-over-year increase of 38% in exabyte shipments and 17% sequentially.
<h2>STX&#39;s Robust Outlook</h2>
Driven by incremental improvements in mass-capacity demand, management anticipates first-quarter fiscal 2025 revenues to be $2.10 billion (+/- $150 million). 
Gross margin is expected to benefit from a higher mix of mass-capacity revenues and ongoing pricing actions. Non-GAAP earnings for the fiscal first quarter of 2025 are expected to be $1.40 per share (+/- 20 cents).
The non-GAAP operating expenses are expected to be $270 million. At the midpoint of the revenue guidance, management expects the non-GAAP operating margin to grow in the high-teens percentage range of revenues. Management anticipates fiscal 2025 capex to be at or below the low end of its long-term target range of 4-6% of revenues.
However, for VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.
<h2>STX Needs to Watch Out for Cut-throat Competitive Landscape</h2>
The increasing demand trends offer all players a lucrative opportunity to drive growth thereby resulting in intense competition. Stiff competition can put pricing pressure which can affect margin performance.
Seagate faces tough competition from other players like Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>), NetApp Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>) and Pure Storage, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>) in the data storage industry including HDD and SSD manufacturers. It also faces competition from companies engaged in offering storage subsystems, like electronic manufacturing services and contract electronic manufacturing.
Headquartered in San Jose, CA, WDC is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies. Western Digital is well-positioned to gain from continued momentum in its HDD and Flash businesses. In the fiscal fourth quarter of 2024, sales from the Cloud end market climbed 89% year over year due to higher demand for its nearline HDDs and enterprise SSDs, along with improved pricing.
NetApp provides enterprise storage as well as data management software and hardware products and services. It assists enterprises in managing multiple cloud environments, adopting next-generation technologies like artificial intelligence, Kubernetes and contemporary databases, and navigating the complexity brought by the quick development of data and cloud usage. NetApp&#39;s performance is being driven by strong demand for an all-flash portfolio and growth in first-party and marketplace cloud storage services. All-Flash Array Business&#39; annualized ARR was $3.4 billion, up 21% in the first quarter of 2025.
Headquartered in Mountain View, CA, PSTG provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Pure Storage&#39;s primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. Momentum in its FlashBlade solutions, including FlashBlade//E and subscription-based offerings, is cushioning Pure Storage&#39;s performance. Healthy subscription services revenues (with 25% year-over-year growth in the second-quarter fiscal 2025) are tailwinds. In the last reported quarter, revenues soared 11% year over year and beat the Zacks Consensus Estimate by 1%.
<a href="https://www.zacks.com/stock/news/2348985/will-seagate-continue-to-gain-from-increasing-mass-capacity-demand?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2348985">To read this article on Zacks.com click here.</a>

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NTAP

PSTG

Will Seagate Continue to Gain From Increasing Mass Capacity Demand?

Wall Street surged on Wednesday as traders cheered a pullback in oil prices and the lack of escalation in the Middle East, particularly regarding potential <a href="https://www.benzinga.com/markets/asia/24/10/41257792/oil-dips-to-73-as-china-withholds-stimulus-biden-attempts-to-contain-netanyahu-over-israels-attack-o">Israeli retaliation against Iran. </a>
The broader market gains reflected optimism ahead of Thursday&#8217;s Consumer Price Index inflation report and the start of <a href="https://www.benzinga.com/markets/24/10/41249837/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-paradise">third-quarter earnings season.</a>
<h3 class="wp-block-heading">S&amp;P 500 Sets New Record</h3>
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), climbed 0.8% to a fresh record high, closing at 5,792 points, near its intraday peak. 
Blue-chip stocks also rallied, with the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) ending the day at 42,512 points, up 1%, just shy of its all-time high of 42,628 reached in late September.
The tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), ended 0.8% higher, closing at 20,268 points, its highest level since July 2024. 
Small caps, as represented by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), inched up by 0.2%, underperforming versus large-cap counterparts. 
<h3 class="wp-block-heading">Fed Minutes Highlight Rate Cut Debate</h3>
Investors digested the minutes from the September Federal Open Market Committee (FOMC) meeting, which revealed extensive debate over whether to cut rates by 25 or 50 basis points.
Ultimately, the committee opted for the larger 50-basis-point cut, but the discussion underscored the ongoing uncertainty about the <a href="https://www.benzinga.com/markets/equities/24/10/41257938/fed-minutes-reveal-heated-debate-over-september-interest-rate-move-traders-trim-november-easing-">Federal Reserve's next moves.</a>
<h3 class="wp-block-heading">Sector Highlights: Tech Outperforms, Utilities Lags</h3>
<ul>
<li>The technology sector outperformed, rising 1.1%, while health care followed closely behind.</li>
<li>Utilities were the only sector to close in the red, down 0.9%.</li>
<li>Cruise lines were the notable industry gainers surged as lower fuel costs improved their outlook, while solar stocks and gold miners struggled under pressure from rising Treasury yields.</li>
</ul>
<h3 class="wp-block-heading">Top 5 Performers On The S&amp;P 500</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Norwegian Cruise Line Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>)</td>
<td>23.06</td>
<td>10.86%</td>
</tr>
<tr>
<td>Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>)</td>
<td>20.20</td>
<td>7.02%</td>
</tr>
<tr>
<td>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>193.01</td>
<td>5.25%</td>
</tr>
<tr>
<td>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>46.74</td>
<td>4.82%</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>47.28</td>
<td>4.26%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Worst 5 Performers On The S&amp;P 500</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>262.24</td>
<td>-6.14%</td>
</tr>
<tr>
<td>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>88.54</td>
<td>-5.36%</td>
</tr>
<tr>
<td>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</td>
<td>149.43</td>
<td>-3.37%</td>
</tr>
<tr>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>124.23</td>
<td>-2.91%</td>
</tr>
<tr>
<td>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>64.47</td>
<td>-2.58%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Nasdaq 100&#8217;s Top 5 Gainers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>275.48</td>
<td>6.17%</td>
</tr>
<tr>
<td>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>177.06</td>
<td>5.38%</td>
</tr>
<tr>
<td>Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>)</td>
<td>185.93</td>
<td>5.09%</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. </td>
<td>47.28</td>
<td>4.26%</td>
</tr>
<tr>
<td>Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)</td>
<td>279.62</td>
<td>3.50%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Nasdaq 100&#8217;s Worst 5 Performers </h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>262.24</td>
<td>-6.14%</td>
</tr>
<tr>
<td>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)</td>
<td>141.50</td>
<td>-2.32%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>163.09</td>
<td>-1.57%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>241.06</td>
<td>-1.41%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>171.00</td>
<td>-1.04%</td>
</tr>
</tbody>
</table>
</figure>
Image created using artificial intelligence via MidJourney.

Equities

Mid Cap

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

ETFs

CDNS

SPDR Dow Jones Industrial Average ETF Trust

GOOGL

NCLH

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SMCI

TEAM

TSLA

Bulls Stampede On Wall Street: S&P 500 Smashes All-Time Highs, Dow Jones Marks Record Close, Nasdaq 100 Hits Mid-July Levels

Deep-pocketed investors have adopted a bullish approach towards Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Western Digital. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 63% leaning bullish and 18% bearish. Among these notable options, 3 are puts, totaling $173,535, and 8 are calls, amounting to $838,808.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $85.0 for Western Digital, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Western Digital's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Western Digital's whale activity within a strike price range from $60.0 to $85.0 in the last 30 days. 
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728411327_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$11.75</td>
<td>$11.4</td>
<td>$11.7</td>
<td>$70.00</td>
<td>$327.4K</td>
<td>2.1K</td>
<td style="text-align: right;">280</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.2</td>
<td>$9.15</td>
<td>$9.2</td>
<td>$62.50</td>
<td>$183.9K</td>
<td>635</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.25</td>
<td>$9.05</td>
<td>$9.1</td>
<td>$62.50</td>
<td>$182.0K</td>
<td>635</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$9.5</td>
<td>$9.35</td>
<td>$9.4</td>
<td>$70.00</td>
<td>$93.0K</td>
<td>44</td>
<td style="text-align: right;">106</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.75</td>
<td>$7.65</td>
<td>$7.75</td>
<td>$67.50</td>
<td>$53.4K</td>
<td>39</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Having examined the options trading patterns of Western Digital, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Western Digital Standing Right Now?</h3>
<ul>
<li>With a volume of 2,216,198, the price of WDC is down -0.92% at $65.83. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 20 days.</li>
</ul>
<h3>What The Experts Say On Western Digital</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $84.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from TD Cowen has decided to maintain their Buy rating on Western Digital, which currently sits at a price target of $80. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $80. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Western Digital with a target price of $85. 
&#x2A; In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $92. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Western Digital options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Western Digital's Latest Options Trends

Micron Technology, Inc.&nbsp;proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price targets for Micron ahead of its fiscal fourth-quarter earnings report, sending shares as low as $84.12 on Sept. 12, 2024. MarketBeat analysts thought otherwise, citing the 4 Reasons to Buy the 44% Price Drop and looking to Capitalize on Micron&#39;s 24% Drop.
Micron&#39;s solid AI-driven demand-powered earnings report helped lift the computer and technology sector, driving shares of memory device makers like Western Digital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) and Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) higher.
<h2>Micron Finally Reaps AI Boom Benefits With Strong Q4 Results</h2>
The market had been waiting for Micron to show evidence of benefitting from the AI boom<a href="https://www.marketbeat.com/stock-ideas/is-amd-a-legitimate-threat-to-nvidia-what-investors-should-watch/" rel="noopener" target="_blank">,</a> such as NVIDIA Co.&nbsp;or&nbsp;Oracle Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>), as&nbsp;illustrated in their earnings blowouts. Yet, prior earnings and guidance were tepid and in line. This prompted many downgrades citing concerns that AI alone couldn&#39;t help slumping spot DRAM prices and inventory glut hurting its non-AI business like PCs and smartphones.
Micron&#39;s fiscal fourth-quarter of 2024 earnings report put all doubts to rest. The company reported EPS of $1.18, beating consensus estimates by 7 cents. Revenues surged 93.3% YoY to $7.75 billion, crushing consensus estimates by over $100 million. Non-GAAP gross margin rose to 36.5%, up from 28.1% sequentially.
<h2>AI and Data Centers Stole the Show </h2>
Robust AI demand fueled the surge in its data center DRAM products and industry-leading high bandwidth memory (HBM) chips, which have already been booked until 2025. However, Micron&#39;s recently announced acquisition of 2 Taiwan factories was meant to boost its capacity for these red-hot chops. HBM chips are tailor-made for AI applications like computer vision, natural language processing (NLP), and computer vision.&nbsp;
Micron Technology CEO Sanjay Mehrotra didn&#39;t downplay his excitement, stating, &quot;We are entering fiscal 2025 with the best competitive positioning in Micron&#39;s history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025.&quot; The company hit record NAND revenue led by data center and SSD sales, which exceeded $1 billion for the first time.
<h2>Micron Ups the Ante and Raises Guidance </h2>
Micron Technology raised its fiscal first-quarter of 2025 EPS to $1.66 to $1.82 versus consensus estimates of $1.52. First-quarter revenues are expected to be between $8.50 billion and $8.90 billion, crushing the $8.27 billion consensus estimates. Non-GAAP margin is expected to be around 39.5% +/- 1%.
Micron Technology EVP Manish Bhatia notes that the demand for traditional servers will continue to grow and improve as IT software deployment continues. Modest unit growth is expected for general server growth. However, AI servers are expected to be robust in 2025 as AI momentum continues. Micron has strengthened its position with HBM growth in AI servers with its high capacity 128 gigabyte DIMMs being used in AI servers for training and inferencing. Both enterprise AI and cloud servers are driving demand.
<h2>MU Stock Completes a Cup Pattern</h2>
A cup pattern forms on a swing-high lip line that falls to a swing-low, forming a rounding bottom that rises back up to retest the cup lip line. From there,&nbsp; a handle may form on a pullback or a continuation above the cup lip line, which acts as a new floor support.
<img alt="Micron MU stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240926092911_chartq-mu.jpg" style="height:754px; width:915px" />
MU formed its cup lip line around $110.39 and sold off to the $84.91 swing low, and the multiple pre-earnings report analyst downgrades and price cuts. MU rose to the $96.18 level driven by the divergence bottom formed on the daily RSI heading into its fiscal Q4 2024 earnings release.
The solid report triggered a price gap to the $110.58 gap fill level, competing with the cup pattern. MU will either use the cup lip line as a floor support and trend higher or pullback to form a handle, forming a potential cup-and-handle breakout if it successfully surges back up through the cup lip line. RSI rose to the 70-band. Fibonacci (Fib) pullback support levels are at $110.39, $104.48, $98.52, and $89.97.
Micron Technology&#39;s average consensus price target is $146.04, and its highest analyst price target&nbsp;is&nbsp;$225.00. Analysts have given it 25 Buy ratings, one Hold rating, and one Sell rating.
With MU&#39;s large gap following earnings, it&#39;s best not to chase. Bullish investors can buy on pullbacks using cash-secured puts to take advantage of the elevated premiums at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income in addition to the 0.41% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/micron-stock-soars-as-ai-demand-fuels-big-q4-earnings-beat/">Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat</a>&quot; first appeared on MarketBeat.

Earnings Beats

Dividends

Downgrades

Price Target

Technicals

Analyst Ratings

ORCL

Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat

Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) has outperformed the market over the past 20 years by 2.17% on an annualized basis producing an average annual return of 10.59%. Currently, Western Digital has a market capitalization of $23.88 billion. 
Buying $100 In WDC: If an investor had bought $100 of WDC stock 20 years ago, it would be worth $742.16 today based on a price of $69.54 for WDC at the time of writing.
<h3>Western Digital's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727447422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

Western Digital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NYSE">WDC</a>) short percent of float has risen 5.95% since its last report. The company recently reported that it has 18.41 million shares sold short, which is 6.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Western Digital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727380819_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Western Digital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Western Digital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Western Digital's peer group average for short interest as a percentage of float is 6.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Western Digital's Recent Short Interest

WIIM

Western Digital shares are trading higher as tech and hardware stocks gain following strong earnings from Micron.

12 analysts have expressed a variety of opinions on Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $90.33, with a high estimate of $115.00 and a low estimate of $75.00. This current average represents a 1.01% decrease from the previous average price target of $91.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1727355614_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Western Digital is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$92.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Medhi Hosseini</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$75.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$92.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Western Digital. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Digital compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Western Digital's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Western Digital's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Digital analyst ratings.</a>
<h2>Delving into Western Digital's Background</h2>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
<h3>Financial Insights: Western Digital</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Western Digital's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 40.87%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Western Digital's net margin excels beyond industry benchmarks, reaching 0.77%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.28%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Western Digital's ROA stands out, surpassing industry averages. With an impressive ROA of 0.12%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Western Digital's debt-to-equity ratio is below the industry average. With a ratio of 0.69, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Western Digital

Benchmark analyst Mark Miller reiterates Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and maintains $92 price target.

Reiteration

Benchmark Reiterates Buy on Western Digital, Maintains $92 Price Target

Several chip stocks are moving higher after the market close on Wednesday alongside Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), which jumped after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">strong quarterly results</a>.
What Happened With MU: Micron beat analyst estimates on the top and bottom lines, reporting revenue of $7.75 billion versus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $7.635 billion, and earnings of $1.18 per share versus estimates of $1.13 per share.
Micron said its 93% revenue growth in the quarter was driven by robust <a href="http://benzinga.com/topic/ai">AI</a> demand, which was the main driver of chip stock appreciation in recent years.
The memory-chip giant also guided for &#8220;significantly improved profitability&#8221; in fiscal 2025, which appears to be sparking the surge in shares. Micron stock was up 13.2% at $108.37 at the time of writing, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">Micron Q4 Earnings: Revenue, EPS Beat On &#8216;Robust AI Demand,&#8217; Company Sees &#8216;Significantly Improved&#8217; Profitability Ahead, Shares Surge</a>
Why It Matters: Micron focuses on making memory chips. Other big players in the semiconductor memory market like Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) are seeing the biggest gains after the bell, with both up more than 4% in after-hours trading at the time of writing, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Other chipmakers making moves after the bell include NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Several chip stocks were up roughly 1% after hours at last check.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level">VOO Vs. VTI: Vanguard&#8217;s S&amp;P 500, Total Stock Market ETFs Hit New Highs As S&amp;P 500 Reaches Record Level</a></li>
</ul>
Photo: Courtesy of Arm Holdings.

Movers

LRCX

MRVL

Western Digital, Nvidia, Other Chip Stocks Are Rising Wednesday: What's Behind The Move?

Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $105,200, and 5 were calls, valued at $245,693.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $85.0 for Western Digital over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Western Digital's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Western Digital's whale trades within a strike price range from $62.5 to $85.0 in the last 30 days. 
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727116288_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.89</td>
<td>$1.73</td>
<td>$1.75</td>
<td>$85.00</td>
<td>$73.8K</td>
<td>5.0K</td>
<td style="text-align: right;">536</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$3.2</td>
<td>$2.01</td>
<td>$2.52</td>
<td>$66.00</td>
<td>$52.4K</td>
<td>358</td>
<td style="text-align: right;">239</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.75</td>
<td>$1.74</td>
<td>$1.74</td>
<td>$75.00</td>
<td>$44.1K</td>
<td>622</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.1</td>
<td>$8.9</td>
<td>$9.1</td>
<td>$62.50</td>
<td>$40.0K</td>
<td>770</td>
<td style="text-align: right;">44</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$1.9</td>
<td>$1.79</td>
<td>$1.9</td>
<td>$67.00</td>
<td>$38.0K</td>
<td>2</td>
<td style="text-align: right;">200</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Following our analysis of the options activities associated with Western Digital, we pivot to a closer look at the company's own performance.
<h3>Current Position of Western Digital</h3>
<ul>
<li>Currently trading with a volume of 1,469,072, the WDC's price is down by -0.34%, now at $66.52. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>What The Experts Say On Western Digital</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $81.66666666666667.
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&#x2A; An analyst from Citigroup persists with their Buy rating on Western Digital, maintaining a target price of $85. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on Western Digital, maintaining a target price of $80. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $80.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Western Digital options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With WDC

AAOI

AEVA

ANET

BELFB

CALX

FLEX

GDDY

KEYS

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

Investors with a lot of money to spend have taken a bullish stance on Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WDC, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Western Digital.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $124,140, and 5 are calls, for a total amount of $378,450.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $66.0 for Western Digital over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Western Digital's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Western Digital's substantial trades, within a strike price spectrum from $62.5 to $66.0 over the preceding 30 days.
<h3>Western Digital Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726755440_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.85</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$62.50</td>
<td>$130.0K</td>
<td>975</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.45</td>
<td>$6.45</td>
<td>$6.45</td>
<td>$62.50</td>
<td>$129.0K</td>
<td>975</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.5</td>
<td>$6.4</td>
<td>$6.5</td>
<td>$62.50</td>
<td>$65.0K</td>
<td>975</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.26</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$65.00</td>
<td>$42.1K</td>
<td>5.6K</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.41</td>
<td>$2.05</td>
<td>$2.05</td>
<td>$65.00</td>
<td>$40.9K</td>
<td>5.6K</td>
<td style="text-align: right;">600</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
<h3>Present Market Standing of Western Digital</h3>
<ul>
<li>With a trading volume of 477,137, the price of WDC is up by 2.24%, reaching $65.86.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 39 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Western Digital</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $81.66666666666667.
<ul>
<li>An analyst from TD Cowen persists with their Buy rating on Western Digital, maintaining a target price of $80. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $80. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Western Digital with a target price of $85. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Western Digital with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Deep-pocketed investors have adopted a bearish approach towards Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Western Digital. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $172,178, and 4 are calls, amounting to $110,475.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $63.0 for Western Digital during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Western Digital's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Western Digital's significant trades, within a strike price range of $45.0 to $63.0, over the past month.
<h3>Western Digital 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726240916_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.95</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$60.00</td>
<td>$79.8K</td>
<td style="text-align: right;">116</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.31</td>
<td>$60.00</td>
<td>$41.3K</td>
<td style="text-align: right;">470</td>
<td style="text-align: right;">108</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$11.55</td>
<td>$11.45</td>
<td>$11.45</td>
<td>$55.00</td>
<td>$28.6K</td>
<td style="text-align: right;">101</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.19</td>
<td>$2.14</td>
<td>$2.19</td>
<td>$63.00</td>
<td>$28.5K</td>
<td style="text-align: right;">675</td>
<td style="text-align: right;">230</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.65</td>
<td>$18.1</td>
<td>$18.7</td>
<td>$45.00</td>
<td>$28.0K</td>
<td style="text-align: right;">146</td>
<td style="text-align: right;">15</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Having examined the options trading patterns of Western Digital, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Western Digital Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 877,700, the WDC's price is up by 2.34%, now at $64.73. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 45 days.</li>
</ul>
<h3>What Analysts Are Saying About Western Digital</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $82.5.
<ul>
<li>An analyst from TD Cowen has decided to maintain their Buy rating on Western Digital, which currently sits at a price target of $80. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Western Digital with a target price of $85. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Western Digital, targeting a price of $85. </li>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $80. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Western Digital, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

TD Cowen analyst Karl Ackerman maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and lowers the price target from $95 to $80.

TD Cowen Maintains Buy on Western Digital, Lowers Price Target to $80

Citigroup analyst Asiya Merchant maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and lowers the price target from $95 to $85.

Citigroup Maintains Buy on Western Digital, Lowers Price Target to $85

Western Digital: Frozen For The Winter - Downgrade To Hold

Wells Fargo's 'Value Equity' stocks: VZ, AZO, KR, and more

Wells Fargo analyst Aaron Rakers has maintained their bullish stance on WDC stock, giving a Buy rating on September 26. Aaron Rakers has given his ...

Western Digital's Strong Financial Outlook Post-Flash Spin-Off Justifies Buy Rating

Tesla tops list of most heavily shorted securities in September, Hazeltree says

Bain eyed $10B Japanese IPO valuation for chipmaker Kioxia but investors saw only half the value - report

The most crowded longs and shorts in hardware & telecom equipment – Jefferies

Western Digital: Post-Split Plan

Earnings week ahead: TSLA, GE, GM, KO, PM, LUV, AAL, VZ, T and more

This week, several major companies will be reporting earnings. Among them are Tesla (TSLA), AT&T (T), Boeing (BA), Coca-Cola (KO) and GE Aerospace ...

Options Volatility and Implied Earnings Moves This Week, October 21 – October 25, 2024

Goldman's High Growth Investment ratio stocks: EA, AMZN, FANG, etc

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Legal

Press Releases

Long-Term Shareholders of Western Digital, Shift4 Payments, Walgreens, and The Beauty Health Company Alert: Johnson Fistel, LLP Encourages Investors to Submit Their Information Below

Western Digital to Present "New Era of NAND"

Western Digital Introduces New AI Data Cycle Storage Framework to Help Customers Capture the Value of AI

Long-Term Shareholders of Western Digital, Shift4 Payments, Masimo, Fidelity National Information Alert: Johnson Fistel, LLP Encourages Investors to Submit Their Information Below

Western Digital to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on July 31, 2024

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

Western Digital to Participate in Upcoming Investor Conferences

Western Digital to Announce First Quarter Fiscal Year 2025 Financial Results on October 24, 2024

Western Digital Enterprise SSDs Certified to Support NVIDIA GB200 NVL72 System for Compute-Intensive AI Environments

Western Digital Delivers World's Highest Capacity ePMR HDDs to Meet Growing Nearline Demand

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Western Digital

Western Digital (WDC) Options

Western Digital (NASDAQ:WDC) Stock, Chaîne d'Options

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