Top 5 Tech Stocks See Increased Interest From Institutional Investors
Portfolio Pulse from Surbhi Jain
Institutional investors have shown increased interest in five tech stocks according to 13F filings. Western Digital Corp (WDC) partners with AMD, AVGO, MSFT, ORCL, SAP, and VMW, and its stock is up 46.48% YTD. Taiwan Semiconductor (TSM) serves major clients like NVDA, AMD, AAPL, ARM, AVGO, MRVL, MDTKF, and QCOM, with a 46.48% YTD increase. Silicon Motion (SIMO) works with INTC and MU, up 33.11% YTD. NXP Semiconductors (NXPI) serves the automotive and IoT sectors, up 29.51% YTD. Kyndryl Holdings (KD), an IBM spinoff, partners with MSFT and DOW, and is up 56.56% YTD.
November 17, 2023 | 5:17 pm
News sentiment analysis
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POSITIVE IMPACT
Kyndryl Holdings Inc has seen a 56.56% increase in its stock YTD, indicating strong interest from institutional investors.
As an IBM spinoff with strategic alliances and a significant YTD stock increase, KD is likely to see a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
NXP Semiconductors NV is up 29.51% YTD, with institutional investors showing interest.
The company's growth in the automotive and IoT sectors and its YTD stock performance suggest a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silicon Motion Technology's stock is up 33.11% YTD, with increased interest from institutional investors.
The company's YTD stock performance and its relationship with major customers like INTC and MU could lead to a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co has garnered attention from institutional investors and has a 46.48% YTD increase in stock price.
The company's strong YTD performance and its role as a supplier to major tech firms indicate a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Western Digital Corp has seen increased interest from institutional investors, with a significant YTD stock increase of 46.48%.
The increased interest from institutional investors and the strong YTD performance suggest a positive short-term outlook for WDC.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90