Jim Cramer Recently Put These 10 Stocks Under Spotlight

3. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 85

A caller asked what Cramer thought about Western Digital Corporation (NASDAQ:WDC) and he replied, “Western Digital is too, it’s just too commodity for me. I can’t get behind it. I’m very sorry.”

Western Digital (NASDAQ:WDC) manufactures data storage solutions, such as HDDs, SSDs, and flash-based products, catering to various consumer, enterprise, and industrial applications. Earlier in January, Cramer commented, “I have read so many upgrades to Western Digital that I have to believe the stock is way too cheap. I’m calling that one money side up.”

It is also worth noting that on March 17, following a call with Western Digital (NASDAQ:WDC) CEO Irving Tan to discuss the company after its split, BofA analyst Wamsi Mohan expressed a positive outlook on the company’s competitive positioning and business prospects. He shared with investors that management aligned with the firm’s previous view that hard disk drives are currently in an upcycle, presenting opportunities for both revenue growth and improved profitability. The firm maintained its price target of $58, left its estimates unchanged, and continued to hold a Buy rating on WDC after the discussions.