Institutional investors flocked to establish new stakes in semiconductor firms in first quarter

Institutional investors took new positions in semiconductor stocks ranging from Intel to Micron during the first quarter of the year, positioning them to profit from a red-hot rally that extended into the second quarter, according to a Reuters overview of filings from some 6,600 hedge funds, pension funds, college funds and others with the US Securities and Exchange Commission.

Nearly 5,000 of all those investors that had filed their quarterly 13-F filings by late afternoon Friday reported they were buyers ‌of one or more ⁠of 17 ⁠semiconductor firms tracked by Reuters.