Does Warren Buffett Suddenly Like Tech Stocks?

Berkshire Hathaway (NYSE:BRKA) CEO Warren Buffett now has a significant 5.4% stake in International Business Machines (NYSE:IBM).

Buffett revealed Berkshire accumulated the stake — about 64 million shares valued $10.7 billion — in the first three quarters of the year. Speaking to CNBC Television, Buffett also disclosed the firm added to its holdings in Wells Fargo (NYSE:WFC). Buffett is staying active with widely held stocks after his recent $5 billion investment in Bank of America (NYSE:BAC).

These new investments show Berkshire (NYSE:BRKA) is still finding investing opportunities. In addition to outside investments, Berkshire’s (NYSE:BRKA) Board cleared a buyback of the company’s stock. At the time, analysts interpreted this as a sign the firm was running out of investment avenues, but that’s apparently not the case.

Here’s how these stocks are trading on the news:

  • International Business Machines Corp. (NYSE:IBM): The shares recently traded at $189.25, up $1.87, or 1%. Its market capitalization is $223.05 billion. They have traded in a 52-week range of $141.18 to $190.53. Volume today was 1,347,162 shares versus a 3-month average volume of 6,521,600 shares. The company’s trailing P/E is 14.91, while trailing earnings are $12.69 per share. The company pays a dividend of $3.00 per share for a dividend yield of 1.60%. About the company: International Business Machines Corporation provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers. Get the most recent company news and stock data here >>
  • Berkshire Hathaway Inc. (NYSE:BRKA): The shares recently traded at $114,509.99, down $1, or 0.87%. Its market capitalization is $189.40 billion. They have traded in a 52-week range of $98,952.00 to $131,463.00. Volume today was 20 shares versus a 3-month average volume of 67,605 shares. The company’s trailing P/E is 16.30, while trailing earnings are $7,023.27 per share. About the company: Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company’s principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire’s other operations include The Buffalo News, aviation training, and retail furniture businesses, as well as shoe, candy, and rug manufacturing. Get the most recent company news and stock data here >>
  • Wells Fargo & Company (NYSE:WFC): The shares recently traded at $25.30, down $0.35, or 1.36%. Its market capitalization is $133.42 billion. They have traded in a 52-week range of $22.58 to $34.25. Volume today was 1,614,726 shares versus a 3-month average volume of 43,141,100 shares. The company’s trailing P/E is 9.37, while trailing earnings are $2.70 per share. The company pays a dividend of $0.48 per share for a dividend yield of 1.80%. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally. Get the most recent company news and stock data here >>
  • Bank of America Corporation (NYSE:BAC): The shares recently traded at $6.12, down $0.09, or 1.45%. Its market capitalization is $61.98 billion. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 26,637,934 shares versus a 3-month average volume of 293,906,000 shares. The company’s trailing earnings are $-0.31 per share. The company pays a dividend of $0.04 per share for a dividend yield of 0.60%. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Get the most recent company news and stock data here >>

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