EMC Corporation (EMC), Virgin Media Inc. (VMED): Here’s What Some Big-Time Quants Are Buying

Finally, Renaissance’s biggest closed positions included Apple Inc. (NASDAQ:AAPL) and Cisco Systems, Inc. (NASDAQ:CSCO). Other closed positions of interest include Micron Technology, Inc. (NASDAQ:MU), which is trading near its 52-week high and has a forward P/E ratio near 20. The struggling PC market has hurt the company, but bulls are hopeful about growth in tablets and smartphones driving demand for memory chips. Its second-quarter earnings report featured lower costs and rising margins that hinted at a return to profitability soon. Micron’s purchase of Japanese manufacturer Elpida also seems promising, boosting its capacity and its relationship with Apple. Micron has been losing market share, though, and some worry about the commoditization of memory, recent net losses, and Micron’s debt levels.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Some Big-Time Quants Are Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Apple and Corning. The Motley Fool recommends Apple, Cisco Systems, and Corning. It owns shares of Apple, Corning, and EMC. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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