Ameriprise Financial, Inc. (AMP), Allscripts Healthcare Solutions Inc (MDRX): Here’s What This $28 Billion Money Manager Has Been Buying

Atmel Corporation (NASDAQ:ATML), which makes touchscreen controllers, recently posted second-quarter earnings featuring revenue down 6% over year-ago levels and EPS of $0.03, vs. $0.00 a year earlier. Management noted, “Our core microcontroller business generated strong growth in the second quarter and we further improved our competitive position with the launch of our new low-power ARM Cortex-M0+ product family.” Bulls like its inclusion in some Galaxy devices, but weak sales of Microsoft’s Windows 8 is not likely to give the company much of a boost.

Finally, Columbia Wanger’s biggest closed positions included DENTSPLY International and Microsemi. Other closed positions of interest include Allied Nevada Gold Corp. (NYSEMKT:ANV). Allied Nevada Gold Corp. (NYSEMKT:ANV) has seen its shares plunge more than 80% over the past year, as the precious metals miner has, along with its peers, struggled with weak prices and high production costs. The stock recently tanked by more than 20% after second-quarter results disappointed investors (despite revenue being up 75%). Management also mentioned construction delays, and has stressed its efforts to cut costs.

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 This $28 Billion Money Manager Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Silver Wheaton. (USA) and Windstream. The Motley Fool has no position in any of the stocks mentioned.

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