Bank of America’s 5 Stock Picks for 2023

2. Western Digital Corporation (NASDAQ:WDC)

Year to Date Share Price Growth as of February 8, 2023: 36.07%

Number of Hedge Fund Holders In Q3 2022: 46

Western Digital Corporation (NASDAQ:WDC) is an American computer hardware firm. It makes and sells storage devices such as hard disks and solid state drives.

Western Digital Corporation (NASDAQ:WDC) was another consumer technology company that had a tough time during the calendar year 2022’s final quarter as its revenue dropped by a massive 36% annually. Insider Monkey’s 920 hedge fund database saw 46 investors in the company as of Q3 2022.

Western Digital Corporation (NASDAQ:WDC)’s largest investor is Andreas Halvorsen’s Viking Global which owns 7.4 million shares that are worth $240 million.

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