Western Digital Option Alert: Jan 16 $67.5 Calls at the Ask: 1200 vs 2 OI; Earnings 7/30 After Close [est] 

Western Digital Option Alert: Jan 16 $67.5 Calls at the Ask: 1200 @ $7.5 vs 2 OI; Earnings 7/30 After Close [est] Ref=$65.88

Western Digital Option Alert: Jan 16 $67.5 Puts at the Bid: 1200 vs 17 OI; Earnings 7/30 After Close [est] 

Western Digital Option Alert: Jan 16 $67.5 Puts at the Bid: 1200 @ $7.65 vs 17 OI; Earnings 7/30 After Close [est] Ref=$65.88

Western Digital (NASDAQ:WDC) Stock

WESTERN DIGITAL CORP

Western Digital

Western Digital is a leading, vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly with, Western Digital and Seagate being the two largest players. Western Digital designs and manufacturers its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.

Education

ILMN

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Western Digital Corporation - Common Stock

Western Digital Corp

WILDCAT RESOURCES LTD by Wildcat Resources Ltd.

Wildcat resources Ltd

Western Digital Corp COM WHEN ISSUED

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>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$160.00</td>
<td>$90.6K</td>
<td>93.2K</td>
<td>122.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$210.00</td>
<td>$61.3K</td>
<td>20.7K</td>
<td>19.3K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$240.00</td>
<td>$34.2K</td>
<td>2.3K</td>
<td>15.3K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$135.00</td>
<td>$50.9K</td>
<td>8.4K</td>
<td>14.0K</td>
</tr>
<tr>
<td>BTBT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$3.00</td>
<td>$80.7K</td>
<td>15.9K</td>
<td>8.2K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$155.00</td>
<td>$34.8K</td>
<td>4.0K</td>
<td>5.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$125.00</td>
<td>$38.0K</td>
<td>12.7K</td>
<td>3.7K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$15.00</td>
<td>$112.7K</td>
<td>1.6K</td>
<td>3.0K</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$27.50</td>
<td>$28.2K</td>
<td>7.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$60.00</td>
<td>$150.0K</td>
<td>345</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 11, 2025. This event was a transfer of 537 contract(s) at a $160.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.6K, with a price of $168.0 per contract. There were 93233 open contracts at this strike prior to today, and today 122529 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 11, 2025. This event was a transfer of 224 contract(s) at a $210.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $61.3K, with a price of $275.0 per contract. There were 20716 open contracts at this strike prior to today, and today 19387 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on July 11, 2025. This event was a transfer of 199 contract(s) at a $240.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $172.0 per contract. There were 2370 open contracts at this strike prior to today, and today 15369 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 11, 2025. Parties traded 100 contract(s) at a $135.00 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 $50.9K, with a price of $509.0 per contract. There were 8451 open contracts at this strike prior to today, and today 14096 contract(s) were bought and sold. 
• For BTBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>), we notice a call option sweep that happens to be bearish, expiring in 39 day(s) on August 15, 2025. This event was a transfer of 1000 contract(s) at a $3.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $80.7K, with a price of $80.0 per contract. There were 15949 open contracts at this strike prior to today, and today 8287 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 11, 2025. Parties traded 200 contract(s) at a $155.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $174.0 per contract. There were 4024 open contracts at this strike prior to today, and today 5861 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 74 day(s) on September 19, 2025. This event was a transfer of 22 contract(s) at a $125.00 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 $38.0K, with a price of $1730.0 per contract. There were 12780 open contracts at this strike prior to today, and today 3757 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option sweep with bearish sentiment. It expires in 102 day(s) on October 17, 2025. Parties traded 500 contract(s) at a $15.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $112.7K, with a price of $225.0 per contract. There were 1627 open contracts at this strike prior to today, and today 3046 contract(s) were bought and sold. 
• For AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on July 18, 2025. This event was a transfer of 912 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $31.0 per contract. There were 7417 open contracts at this strike prior to today, and today 1156 contract(s) were bought and sold. 
• Regarding WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a put option trade with bearish sentiment. It expires in 39 day(s) on August 15, 2025. Parties traded 1000 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $150.0K, with a price of $150.0 per contract. There were 345 open contracts at this strike prior to today, and today 1067 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.

Options

AAPL

BTBT

DDOG

NVDA

ORCL

PLTR

RGTI

10 Information Technology Stocks With Whale Alerts In Today's Session

In the current market session, Western Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) stock price is at $63.80, after a 0.06% drop. However, over the past month, the company's stock went up by 17.40%, and in the past year, by 9.62%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1751464818_0.png" alt="Past Year Chart" />

<h3>Western Digital P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Western Digital has a lower P/E than the aggregate P/E of 28.59 of the Technology Hardware, Storage &amp; Peripherals industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1751464818_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

News

Intraday Update

Markets

Price Over Earnings Overview: Western Digital

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$22.00</td>
<td>$38.9K</td>
<td>78.5K</td>
<td>23.7K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$148.00</td>
<td>$51.0K</td>
<td>47.4K</td>
<td>19.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/27/25</td>
<td>$130.00</td>
<td>$30.2K</td>
<td>5.2K</td>
<td>16.8K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$27.6K</td>
<td>14.0K</td>
<td>11.9K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$130.00</td>
<td>$81.0K</td>
<td>7.5K</td>
<td>5.2K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$60.00</td>
<td>$136.4K</td>
<td>13.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>BBAI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$4.00</td>
<td>$30.0K</td>
<td>5.0K</td>
<td>2.9K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$15.00</td>
<td>$28.0K</td>
<td>9.7K</td>
<td>2.2K</td>
</tr>
<tr>
<td>ARM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$26.7K</td>
<td>8.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$480.00</td>
<td>$45.3K</td>
<td>8.4K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on June 20, 2025. This event was a transfer of 2760 contract(s) at a $22.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $14.0 per contract. There were 78597 open contracts at this strike prior to today, and today 23746 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on June 20, 2025. This event was a transfer of 1000 contract(s) at a $148.00 strike. The total cost received by the writing party (or parties) was $51.0K, with a price of $51.0 per contract. There were 47415 open contracts at this strike prior to today, and today 19191 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be neutral, expiring in 10 day(s) on June 27, 2025. This event was a transfer of 100 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $302.0 per contract. There were 5290 open contracts at this strike prior to today, and today 16802 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $130.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $69.0 per contract. There were 14044 open contracts at this strike prior to today, and today 11924 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a put option sweep that happens to be neutral, expiring in 31 day(s) on July 18, 2025. This event was a transfer of 78 contract(s) at a $130.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $81.0K, with a price of $1053.0 per contract. There were 7579 open contracts at this strike prior to today, and today 5209 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 bearish, expiring in 94 day(s) on September 19, 2025. This event was a transfer of 295 contract(s) at a $60.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $136.4K, with a price of $460.0 per contract. There were 13325 open contracts at this strike prior to today, and today 3009 contract(s) were bought and sold. 
• For BBAI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), we notice a call option trade that happens to be bullish, expiring in 38 day(s) on July 25, 2025. This event was a transfer of 375 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $80.0 per contract. There were 5055 open contracts at this strike prior to today, and today 2936 contract(s) were bought and sold. 
• Regarding CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on July 18, 2025. Parties traded 2155 contract(s) at a $15.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $13.0 per contract. There were 9741 open contracts at this strike prior to today, and today 2230 contract(s) were bought and sold. 
• For ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we notice a put option sweep that happens to be bullish, expiring in 213 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $100.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $535.0 per contract. There were 8171 open contracts at this strike prior to today, and today 1935 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be neutral, expiring in 31 day(s) on July 18, 2025. This event was a transfer of 50 contract(s) at a $480.00 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 $45.3K, with a price of $905.0 per contract. There were 8488 open contracts at this strike prior to today, and today 1829 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.

BBAI

Core Scientific, Inc. - Class A Common Stock

CORZ

CRWV

INTC

MSFT

10 Information Technology Stocks Whale Activity In Today's Session

WIIM

Western Digital shares are trading higher after Morgan Stanley maintained an Overweight rating and raised its price target from $70 to $78.

Morgan Stanley analyst Erik Woodring maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and raises the price target from $70 to $78.

Price Target

Analyst Ratings

Morgan Stanley Maintains Overweight on Western Digital, Raises Price Target to $78

Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) has been analyzed by 17 analysts in the last three months, revealing a diverse range of perspectives 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 align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">7</td>
<td align="right">7</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $55.71, along with a high estimate of $71.00 and a low estimate of $40.00. A decline of 13.37% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1749506488_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Western Digital. The following summary outlines 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>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$62.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Krish Sankar</td>
<td>TD Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$53.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Harlan Sur</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$46.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Medhi Hosseini</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Vijay Rakesh</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$74.00</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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Western Digital compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Western Digital's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Western Digital's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WDC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Western Digital analyst ratings.</a>
<h2>Unveiling the Story Behind Western Digital</h2>
Western Digital is a leading, vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly with, Western Digital and Seagate being the two largest players. Western Digital designs and manufacturers its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
<h3>Western Digital: A Financial Overview</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Western Digital's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 30.94% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Western Digital's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 22.1%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Western Digital's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.86%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Western Digital's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.42% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Western Digital's debt-to-equity ratio stands notably higher than the industry average, reaching 1.42. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Western Digital: Insights From 17 Analyst Reviews

Western Digital shares are trading higher after B of A Securities maintained its Buy rating  and raised the price target from $62 to $71.

B of A Securities analyst Wamsi Mohan maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Buy and raises the price target from $62 to $71.

B of A Securities Maintains Buy on Western Digital, Raises Price Target to $71

Sandisk Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>) (the "Company" or "Sandisk") announced today the launch of a secondary public offering (the "Offering") of 17,000,000 shares of its common stock (the "SNDK Shares") currently owned by Western Digital Corporation, the Company's former parent ("WDC"). Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below).
Prior to the closing of the Offering, WDC is expected to exchange the SNDK Shares for certain indebtedness of WDC held by affiliates of J.P. Morgan Securities LLC and BofA Securities (such affiliates, the "debt-for-equity exchange parties"). Upon the consummation of the debt-for-equity exchange, WDC is expected to deliver the SNDK Shares, at the request of the debt-for-equity exchange parties, to J.P. Morgan Securities LLC and BofA Securities, in their capacity as selling stockholders in the Offering (in such capacity, the "Selling Stockholders"). Following the debt-for-equity exchange, if consummated, the Selling Stockholders intend to sell the SNDK Shares to the underwriters in the Offering.
The Selling Stockholders in the Offering have granted the underwriters an option (the "greenshoe") to purchase up to 2,550,000 additional shares of Sandisk common stock at the public offering price less the underwriting discount for 13 days.
Following the completion of the debt-for-equity exchange, and if the greenshoe is completely exercised by the underwriters, WDC would own 9,277,787 shares of SNDK Shares.

Offerings

SNDK

Sandisk Announces Secondary Public Offering Of 17M Shares Owned By Former Parent Western Digital

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 raises the price target from $56 to $62.

Citigroup Maintains Buy on Western Digital, Raises Price Target to $62

ABTS

BTCS

COHR

COMM

CRSR

CRWD

CSAI

DGLY

DOMO

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

INTU

MARA

MASS

MNDY

PCLA

REKR

RIOT

SAIH

SHOP

SMCI

SNOW

TDTH

TUYA

VUZI

ZBRA

Shares of companies within the broader tech sector are trading higher, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July. Additionally, the sector may be up in anticipation of NVIDIA's upcoming Q1 report.

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$130.00</td>
<td>$137.4K</td>
<td>27.8K</td>
<td>84.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$410.00</td>
<td>$73.8K</td>
<td>2.7K</td>
<td>63.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$195.00</td>
<td>$64.9K</td>
<td>6.9K</td>
<td>31.7K</td>
</tr>
<tr>
<td>INFA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$31.1K</td>
<td>347</td>
<td>12.6K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$52.4K</td>
<td>49.3K</td>
<td>6.3K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$100.00</td>
<td>$29.7K</td>
<td>3.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$185.00</td>
<td>$77.6K</td>
<td>57</td>
<td>850</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$40.00</td>
<td>$45.4K</td>
<td>1.8K</td>
<td>527</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$52.50</td>
<td>$43.6K</td>
<td>211</td>
<td>341</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$450.00</td>
<td>$30.8K</td>
<td>2.2K</td>
<td>248</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created 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 sweep with bullish sentiment. It expires in 3 day(s) on May 23, 2025. Parties traded 896 contract(s) at a $130.00 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 $137.4K, with a price of $153.0 per contract. There were 27863 open contracts at this strike prior to today, and today 84792 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on May 30, 2025. This event was a transfer of 242 contract(s) at a $410.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $73.8K, with a price of $305.0 per contract. There were 2797 open contracts at this strike prior to today, and today 63369 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 put option trade with bearish sentiment. It expires in 4 day(s) on May 30, 2025. Parties traded 194 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $64.9K, with a price of $335.0 per contract. There were 6941 open contracts at this strike prior to today, and today 31744 contract(s) were bought and sold. 
• For INFA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>), we notice a call option trade that happens to be bearish, expiring in 25 day(s) on June 20, 2025. This event was a transfer of 75 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $415.0 per contract. There were 347 open contracts at this strike prior to today, and today 12613 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be neutral, expiring in 25 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $15.00 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 $52.4K, with a price of $131.0 per contract. There were 49366 open contracts at this strike prior to today, and today 6305 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on May 30, 2025. Parties traded 35 contract(s) at a $100.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $854.0 per contract. There were 3936 open contracts at this strike prior to today, and today 2571 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a put option sweep that happens to be bearish, expiring in 207 day(s) on December 19, 2025. This event was a transfer of 42 contract(s) at a $185.00 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 $77.6K, with a price of $1845.0 per contract. There were 57 open contracts at this strike prior to today, and today 850 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a call option sweep that happens to be bearish, expiring in 53 day(s) on July 18, 2025. This event was a transfer of 101 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $450.0 per contract. There were 1815 open contracts at this strike prior to today, and today 527 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 207 day(s) on December 19, 2025. This event was a transfer of 74 contract(s) at a $52.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $590.0 per contract. There were 211 open contracts at this strike prior to today, and today 341 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bullish sentiment. It expires in 235 day(s) on January 16, 2026. Parties traded 10 contract(s) at a $450.00 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 $30.8K, with a price of $3080.0 per contract. There were 2228 open contracts at this strike prior to today, and today 248 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ENPH

INFA

MSTR

Across the recent three months, 18 analysts have shared their insights on Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">9</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $56.56, along with a high estimate of $75.00 and a low estimate of $40.00. Highlighting a 16.49% decrease, the current average has fallen from the previous average price target of $67.73. 
<img src="https://www.benzinga.com/files/images/story/2025/1748023233_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Western Digital's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines 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>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Krish Sankar</td>
<td>TD Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$53.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Harlan Sur</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Buy</td>
<td>$50.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$46.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Medhi Hosseini</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Vijay Rakesh</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Matthew Prisco</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$75.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.45</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Digital. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Western Digital compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Western Digital's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Western Digital's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Western Digital analyst ratings.</a>
<h2>About Western Digital</h2>
Western Digital is a leading, vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly with, Western Digital and Seagate being the two largest players. Western Digital designs and manufacturers its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
<h3>Understanding the Numbers: Western Digital's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Western Digital's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 30.94% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Western Digital's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 22.1%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Western Digital's ROE stands out, surpassing industry averages. With an impressive ROE of 5.86%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Western Digital's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.42%, the company showcases efficient use of assets and strong financial health.
Debt Management: Western Digital's debt-to-equity ratio surpasses industry norms, standing at 1.42. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Western Digital In The Eyes Of 18 Experts

Morgan Stanley analyst Joseph Moore maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and raises the price target from $54 to $70.

Morgan Stanley Maintains Overweight on Western Digital, Raises Price Target to $70

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>BULLISH</td>
<td>05/23/25</td>
<td>$137.00</td>
<td>$38.2K</td>
<td>13.8K</td>
<td>33.5K</td>
</tr>
<tr>
<td>QBTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.00</td>
<td>$90.0K</td>
<td>2.5K</td>
<td>7.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$210.00</td>
<td>$46.5K</td>
<td>2.5K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$105.00</td>
<td>$70.0K</td>
<td>6.6K</td>
<td>1.9K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$11.50</td>
<td>$28.1K</td>
<td>425</td>
<td>1.8K</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$232.50</td>
<td>$480.0K</td>
<td>0</td>
<td>1.6K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$10.00</td>
<td>$59.7K</td>
<td>6.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$60.00</td>
<td>$190.0K</td>
<td>1.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$85.00</td>
<td>$113.3K</td>
<td>145</td>
<td>1.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$30.5K</td>
<td>1.5K</td>
<td>447</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 bullish sentiment. It expires in 4 day(s) on May 23, 2025. Parties traded 200 contract(s) at a $137.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $191.0 per contract. There were 13811 open contracts at this strike prior to today, and today 33569 contract(s) were bought and sold. 
• For QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on June 20, 2025. This event was a transfer of 500 contract(s) at a $14.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $180.0 per contract. There were 2539 open contracts at this strike prior to today, and today 7308 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on June 6, 2025. This event was a transfer of 100 contract(s) at a $210.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $465.0 per contract. There were 2514 open contracts at this strike prior to today, and today 2840 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option sweep that happens to be bearish, expiring in 60 day(s) on July 18, 2025. This event was a transfer of 200 contract(s) at a $105.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $350.0 per contract. There were 6672 open contracts at this strike prior to today, and today 1900 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on May 23, 2025. Parties traded 245 contract(s) at a $11.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $115.0 per contract. There were 425 open contracts at this strike prior to today, and today 1849 contract(s) were bought and sold. 
• For ZS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), we notice a put option trade that happens to be bearish, expiring in 18 day(s) on June 6, 2025. This event was a transfer of 1200 contract(s) at a $232.50 strike. The total cost received by the writing party (or parties) was $480.0K, with a price of $400.0 per contract. There were 0 open contracts at this strike prior to today, and today 1600 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option trade with bullish sentiment. It expires in 123 day(s) on September 19, 2025. Parties traded 300 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $59.7K, with a price of $199.0 per contract. There were 6472 open contracts at this strike prior to today, and today 1216 contract(s) were bought and sold. 
• Regarding MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we observe a call option sweep with bearish sentiment. It expires in 60 day(s) on July 18, 2025. Parties traded 250 contract(s) at a $60.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $190.0K, with a price of $760.0 per contract. There were 1691 open contracts at this strike prior to today, and today 1189 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on June 6, 2025. This event was a transfer of 100 contract(s) at a $85.00 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 $113.3K, with a price of $1128.0 per contract. There were 145 open contracts at this strike prior to today, and today 1137 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 trade that happens to be bullish, expiring in 242 day(s) on January 16, 2026. This event was a transfer of 41 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $745.0 per contract. There were 1576 open contracts at this strike prior to today, and today 447 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.

CLSK

MRVL

QBTS

QUBT

General

Western Digital And Ingrasys Collaborate On Top-of-Rack Switch With Embedded Storage

Western Digital shares are trading higher after the company announced a $2 billion buyback program.

Wall Street opened Tuesday with cautious gains after inflation data for April came in cooler than expected, calming investor concerns over <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">tariff-driven price spikes. </a>
April's inflation report showed consumer prices rising 2.3% year over year, slightly below the 2.4% forecast and down from the previous month's reading of 2.4%. On a monthly basis, prices increased 0.2%, rebounding from March's 0.1% decline but missing expectations of a 0.3% gain.
Core inflation, which excludes food and energy, held steady at 2.8% annually—matching both March&#8217;s figure and economists' forecasts. Month over month, core prices rose 0.2%, a modest acceleration from March's 0.1% increase but still softer than the expected 0.3%.
Shelter remained a major contributor to inflation, rising 0.3% in April and accounting for over half of the monthly increase in the overall Consumer Price Index. Meanwhile, several categories posted price declines, including airline fares, used cars and trucks, communication services and apparel.
Despite inflation coming in below forecasts, expectations for interest rate cuts held steady. Traders still see just an 8% chance of a cut in June, rising to 38% for July. Markets continue to price in a total of 60 basis points in rate reductions by year-end, well below the almost 75 basis points priced a week ago.
The Nasdaq 100 led major benchmarks, rising 0.37% and on track to open at its highest level in 10 weeks.
<h3 class="wp-block-heading">Index Moves: Nasdaq Shakes Off Bear Market</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Index</th>
<th>Level</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>S&amp;P 500</td>
<td>5852.58</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow Jones Industrial Average</td>
<td>42268</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20945</td>
<td>+0.37%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9:15 a.m. ET</figcaption></figure>
Since its April low, the tech-heavy benchmark – as tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – has rallied 27%, sharply rebounding from last month's bear market triggered by the implementation of Trump's new tariffs on April 2.
Semiconductors remained the strongest segment within tech. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) added another 0.7% in premarket after an explosive 7.2% surge Monday, buoyed by investor optimism following the U.S.-China trade truce.
<h3 class="wp-block-heading">Top Post-CPI Movers: Financials Lead</h3>
Shares of credit and fintech firms jumped in the 30 minutes following the inflation report:
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>+2.42%</td>
</tr>
<tr>
<td>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>+2.33%</td>
</tr>
<tr>
<td>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</td>
<td>+1.97%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>+1.85%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>+1.44%</td>
</tr>
<tr>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>+1.31%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>+1.12%</td>
</tr>
<tr>
<td>Lowe's Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>)</td>
<td>+1.09%</td>
</tr>
<tr>
<td>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</td>
<td>+0.96%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Gainers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>+9.73%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</td>
<td>+3.53%</td>
</tr>
<tr>
<td>Air Products and Chemicals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>)</td>
<td>+3.42%</td>
</tr>
<tr>
<td>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.92%</td>
</tr>
<tr>
<td>Builders FirstSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>)</td>
<td>+2.31%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td>-9.78%</td>
</tr>
<tr>
<td>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>-4.05%</td>
</tr>
<tr>
<td>Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>)</td>
<td>-3.78%</td>
</tr>
<tr>
<td>PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>)</td>
<td>-3.51%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45373368/unitedhealth-stock-plunges-names-new-ceo-suspends-2025-guidance">UnitedHealth Names New CEO, Suspends 2025 Guidance, Stock Plunges </a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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COIN

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FSLR

KLAC

NTES

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Wall Street Climbs As Inflation Cools, Nasdaq 100 Hits 10-Week Highs

Buybacks

Western Digital Authorizes New $2B Share Repurchase Program

AAOI

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FFIV

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TTMI

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ZEPP

Shares of companies within the broader tech sector are higher after the US and China agreed to a temporary reduction in most tariffs on each other's goods. A reduction in tariffs could alleviate some supply chain concerns and improve macro sentiment as well as demand visibility.

Press Releases

Western Digital Names Storage Infrastructure Executive Ahmed Shihab as Chief Product Officer

Western Digital to Announce Third Quarter Fiscal Year 2025 Financial Results on April 30, 2025

At-Scale, Hard Disk Drive Rare Earth Material Capture Program Successfully Launched in the United States

Western Digital Reports Fiscal Third Quarter 2025 Financial Results; Adopts Dividend Program and Declares Quarterly Cash Dividend on Common Stock

Western Digital to Participate in Upcoming Investor Conference

Western Digital Names Finance Executive Kris Sennesael as Chief Financial Officer

Cerabyte Secures Strategic Investment from Western Digital

Western Digital Authorizes New $2.0 Billion Share Repurchase Program

Western Digital and Ingrasys Establish Long-term Collaboration to Deliver High-Performance, Fabric-Attached Disaggregated Storage for AI Workflows

Western Digital Advances Ecosystem Collaboration, Innovation for AI Acceleration, Disaggregated Storage and SDS at Computex 2025

Comments

Western Digital

Unusual Options Activity for

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:45 AMJul 07, 2025	CALL	$67.50	Jan 16, 2026	191	1200	1200	60000	2	TRADE	BULLISH
11:45 AMJul 07, 2025	PUT	$67.50	Jan 16, 2026	191	1200	1200	7059	17	TRADE	BULLISH