Top 5 Tech Stocks See Increased Interest From Institutional Investors

Author: Surbhi Jain | November 17, 2023 01:17pm

Benzinga looked at the heat map for “increased” interest from 13F filers during the third-quarter this year. Here are the top five stocks that garnered the maximum interest from the 13F filing community this past quarter:

Western Digital Corp (NASDAQ:WDC)

Western Digital is known for designing, developing, manufacturing and marketing hard disk drives, NAND flash-based storage devices, solid-state drives and enterprise storage platforms. Its products are commonly sold under the following brands: Western Digital, G-Technology, SanDisk and WD.

Western Digital’s premier partners include Advanced Micro Devices Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Microsoft (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), SAP SE (NYSE:SAP) and VMware Inc (NYSE:VMW).

WDC stock commands a market cap of $14.92 billion and is up 46.48% year-to-date.

Check out:

• Massive Insider Trade At Western Digital
• Check Out What Whales Are Doing With WDC

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM)

This Taiwan-based semiconductor behemoth designs, manufactures and sells integrated circuits and other semiconductor devices used in electronics and other industries, including healthcare and communications. All leading leading fabless semiconductor companies such as Nvidia Corp (NASDAQ:NVDA), AMD, Apple Inc (NASDAQ:AAPL), ARM Holdings PLC (NASDAQ:ARM), Broadcom, Marvell Technology Inc (NASDAQ:MRVL), MediaTek Inc (OTCPK: MDTKF), and Qualcomm Inc (NASDAQ:QCOM) are key customers of TSM.

TSM stock commands a market cap of $473.63 billion and is up 46.48% year-to-date.

Check out:

• Taiwan Semiconductor Manufacturing Co Clocked a 34.8% Topline Growth in October MoM to NT$243.23B
• TSMC Expansion in Japan Gets Financial Lift with ¥2T Government Fund
• Looking Into Taiwan Semiconductor’s Recent Short Interest

Silicon Motion Technology Corp (NASDAQ:SIMO)

Hong Kong-based semiconductor company Silicon Motion Technology is the global leader in developing NAND flash controllers for SSDs and other solid state storage devices. Intel Corp (NASDAQ:INTC) and Micron Technology Inc (NASDAQ:MU) are among Silicon Motion’s biggest customers.

SIMO stock commands a market cap of $14.92 billion and is up 33.11% year-to-date.

Check out:

• Silicon Motion Technology Q3 2023 Adj EPS $0.63 Beats $0.61 Estimate, Sales $172.33M Beat $165.70M Estimate

NXP Semiconductors NV (NASDAQ:NXPI)

Netherland-based NXP semiconductors serves the automotive, communication infrastructure, industrial and Internet of Things (IoT) and mobile sectors. Apple, Bosch and Samsung are among its biggest customers.

NXPI stock commands a market cap of $51.76 billion and is up 29.51% year-to-date.

Check out:

• Morgan Stanley Maintains Equal-Weight on NXP Semiconductors, Lowers Price Target to $214
• NXP Semiconductors To Bear The Brunt Of Continued Weakness In China, Analyst Cautions On Slowing Auto Orders

Kyndryl Holdings Inc (NYSE:KD)

Kyndryl is a provider of IT infrastructure services. The company designs, builds, manages and modernizes mission-critical technology systems. The company spun off from International Business Machines Corp (NYSE:IBM) in 2021 and has more than 500 customers globally. The company forged strategic alliances with some of the biggest technology companies including Microsoft and Dow Inc (NYSE:DOW).

KD stock commands a market cap of $4.16 billion and is up 56.56% year-to-date.

Check out:

• Susquehanna Maintains Neutral Rating for Kyndryl Hldgs: Here’s What You Need To Know
• Kyndryl Hldgs Q2 Adj $(0.05) Beats $(0.63) Estimate, Sales $4.07B Beat $3.95B Estimate
  
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Posted In: AAPL AMD ARM ATVI AVGO DOW IBM INTC KD MDTKF MRVL MSFT MU NVDA NXPI ORCL QCOM SAP SIMO TSM