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NXPI

SIMO

TSM

WDC

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.

Portfolio Pulse from Surbhi Jain

November 17, 2023 | 5:17 pm

ICVX

Icosavax's stock (ICVX) is trading higher following Guggenheim's initiation of coverage with a Buy rating and a price target of $28.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:17 pm

WDC

On CNBC, Bill Baruch announced that he has purchased shares of Western Digital (WDC).

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:16 pm

DRTS

Piper Sandler analyst Jason Bednar has maintained an Overweight rating on Alpha Tau Medical (NASDAQ:DRTS) but reduced the price target from $12 to $8.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:15 pm

SPGI

S&P Global Inc. (NYSE:SPGI) stock has risen by 15.86% over the past month and 16.73% over the past year, currently trading at $405.54. The company's P/E ratio of 52.53 is higher than the Capital Markets industry average of 41.57, which could suggest that it is overvalued or expected to perform better than its peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:15 pm

DDS

Dillard's Inc. has announced a special dividend of $20 per share, which has led to an increase in the trading price of its shares.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:13 pm

KRTX

JMP Securities analyst Jason Butler has reiterated a 'Market Outperform' rating on Karuna Therapeutics (NASDAQ:KRTX) and maintained a price target of $318.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:13 pm

KHRNF

Khiron Life Sciences Corp. (OTC:KHRNF) has amended its agreement for the sale of its European subsidiaries, removing the option to acquire shares of its Colombian subsidiary, Zerenia S.A.S., to comply with TSX Venture Exchange conditions. The sale includes Pharmadrug Production GmbH and other entities, with regulatory approvals received and expected completion on November 17, 2023. Khiron's shares fell 11.3475% to $0.01 following the announcement.

Portfolio Pulse from Jelena Martinovic

November 17, 2023 | 5:11 pm

BBLG

CHPT

CYTO

GPS

TWST

ZENV

U.S. stocks were mostly flat, with the Dow slightly up and the NASDAQ marginally down. Energy shares surged by 2% while communication services fell by 0.9%. BJ's Wholesale Club Holdings Inc reported Q3 sales growth of 2.9% to $4.92 billion, missing estimates, but beat EPS expectations. The Gap, Inc. shares soared after strong Q3 results. Altamira Therapeutics Ltd. shares surged following a stake sale agreement. Twist Bioscience Corporation shares rose on robust quarterly results. Zenvia Inc., Bone Biologics Corporation, and ChargePoint Holdings, Inc. saw shares fall post-earnings or due to corporate announcements. Oil prices increased by 3.3%, while gold and silver saw slight declines.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:10 pm

SPB

Spectrum Brands Holdings reported a year-over-year decline in Q4 revenue, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:08 pm