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Western Digital (WDC) Downgraded to "Sell" at BidaskClub

08 December 2017

S&T Bank sold 21,087 shares as Western Digital Corp (WDC)'s stock rose 15.69%. Grove Bank & Trust now owns 2,199 shares of the data storage provider's stock worth $195,000 after buying an additional 549 shares in the last quarter. Herndon Capital Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $23.24 billion market cap company.

The stock decreased 0.11% or $0.09 during the last trading session, reaching $78.47. Trinity Street Asset Management Llp acquired 10,667 shares as Whirlpool Corp (WHR)'s stock rose 1.07%. (NASDAQ:CARB) on Monday, September 21 to "Sell" rating. The stock kicked off the session at $103.99 and later approached $102.84 with a change of -0.75%. About 25,971 shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since December 7, 2016 and is uptrending. It has outperformed by 17.05% the S&P500. Therefore 81% are positive. Vipshop Holdings Limited had 33 analyst reports since August 12, 2015 according to SRatingsIntel.

Western Digital declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 9th that permits the company to repurchase $2.10 billion in outstanding shares. On Friday, May 13 the stock rating was downgraded by Bank of America to "Underperform". Lake Street maintained CyberOptics Corporation (NASDAQ:CYBE) on Wednesday, October 26 with "Buy" rating. The rating was upgraded by Maxim Group on Tuesday, June 7 to "Buy". The firm has "Buy" rating by Brean Capital given on Thursday, April 28. FBN Securities maintained the stock with "Buy" rating in Tuesday, June 27 report.

CyberOptics Corporation is a developer and maker of high precision sensing technology solutions worldwide. The company has a market capitalization of $23,236.99, a PE ratio of 7.89 and a beta of 1.10. The companyÂ's sensors are being used in general objective metrology and 3D scanning, surface mount technology, and semiconductor markets to improve yields and productivity.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. It offers SMT electronic assembly alignment sensor products, including LaserAlign sensors for incorporation into pick-and-place machines; BoardAlign Camera that identifies fiducial markings on a circuit board and aligns the board in the pick-and-place machine prior to component placement; and InPrinter Inspection Camera, which identifies fiducial markings on a circuit board to ensure accurate board registration prior to placement of solder paste.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1.

Several other institutional investors have also sold shares of the company. 73 funds opened positions while 165 raised stakes. Federated Pa reported 893,311 shares. Strategy Asset Managers Lc has invested 0.07% in Western Digital Corporation (NASDAQ:WDC). Virtus Advisers reported 0.06% stake. First Advsrs Limited Partnership holds 0.05% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 98,040 shares. Airain stated it has 0.02% in Whirlpool Corporation (NYSE:WHR). Corporate insiders own 0.31% of the company's stock. St Johns Investment Mngmt Co Ltd Liability Company invested 1.42% in Exxon Mobil Corporation (NYSE:XOM). Moreover, Sfmg Limited Liability has 0.06% invested in Western Digital Corporation (NASDAQ:WDC) for 3,000 shares. Foothills Asset Management Ltd stated it has 1.44% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Stevens Capital Lp owns 72,955 shares.

A number of equities analysts have recently issued reports on WDC shares. Driehaus Cap Management Ltd Llc reported 0.07% in CyberOptics Corporation (NASDAQ:CYBE).

Capital Management LLC Has Boosted Mondelez Intl INC (Put) (MDLZ) Stake
Renaissance Technologies LLC lifted its holdings in shares of Mondelez International by 186.2% in the 1st quarter. (NYSE:HP). The stock of Helmerich & Payne, Inc. (NASDAQ: MDLZ ) has "Overweight" rating given on Friday, October 13 by Morgan Stanley.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 30% are positive. Further, company shares have been seen trading -7.28% off of the 52 week high and 16.42% away from the 52 week low. The firm earned "Neutral" rating on Wednesday, May 18 by JP Morgan. The firm earned "Outperform" rating on Tuesday, October 11 by Oppenheimer. On Friday, August 4 the stock rating was maintained by Oppenheimer with "Buy". Jefferies maintained the shares of WDC in report on Friday, May 27 with "Buy" rating. As per Friday, July 28, the company rating was maintained by BTIG Research. UBS has "Sell" rating and $71 target. On Friday, August 4 the stock rating was maintained by Barclays Capital with "Equal-Weight". The company was maintained on Wednesday, August 30 by Maxim Group.

Since June 12, 2017, it had 0 buys, and 1 sale for $962,385 activity.

In other news, insider Michael D. Cordano sold 9,404 shares of the stock in a transaction dated Monday, September 18th.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. (ZAYO) worth $529.87 million at the end of the most recent reporting period. 35,094 are owned by Ajo L P. Hsbc Public Limited Liability Co holds 0.11% or 679,848 shares. Moreover, Lockheed Martin Invest Mngmt Company has 0.11% invested in Western Digital Corporation (NASDAQ:WDC) for 22,500 shares. Sprott holds 124,175 shares. Parametric Associates Limited Com holds 871,307 shares. Intrepid Capital Mgmt has invested 5.04% in Western Digital Corporation (NASDAQ:WDC).

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. Veritable LP has 0.01% invested in Western Digital Corporation (NASDAQ:WDC).

The Allstate Corporation (NYSE:ALL) recorded a trading volume of 2.7 million shares, above its 90-day volume average of 2.03 million shares. Sun Life Financial INC now owns 2,121 shares of the data storage provider's stock worth $188,000 after acquiring an additional 2,108 shares during the period. 10,691 are owned by Blair William And Co Il. National Planning Corporation, a California-based fund reported 5,009 shares.

Boothbay Fund Management Llc, which manages about $486.48 million and $480.96M US Long portfolio, upped its stake in Scripps Networks (Call) (NYSE:SNI) by 5,900 shares to 14,300 shares, valued at $977,000 in 2017Q2, according to the filing.