Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Micron Technology, Inc. (MU) A Good Stock To Buy?

Page 1 of 4

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track more than 700 prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile gigantic failures like hedge funds’ recent losses in Valeant. Let’s take a closer look at what the funds we track think about Micron Technology, Inc. (NASDAQ:MU) in this article.

Is Micron Technology, Inc. (NASDAQ:MU) an excellent stock to buy now? Hedge funds are selling. The number of bullish hedge fund bets decreased by seven lately. MU was in 64 hedge funds’ portfolios at the end of the fourth quarter of 2015. There were 71 hedge funds in our database with MU positions at the end of the previous quarter. At the end of this article we will also compare MU to other stocks, including Weyerhaeuser Company (NYSE:WY), Molson Coors Brewing Company (NYSE:TAP), and Republic Services, Inc. (NYSE:RSG) to get a better sense of its popularity.

Follow Micron Technology Inc (NASDAQ:MU)
Trade (NASDAQ:MU) Now!

To most market participants, hedge funds are viewed as underperforming, old financial tools of yesteryear. While there are over 8000 funds in operation at present, We look at the top tier of this group, approximately 700 funds. These money managers administer the lion’s share of all hedge funds’ total capital, and by tracking their highest performing picks, Insider Monkey has uncovered many investment strategies that have historically exceeded Mr. Market. Insider Monkey’s small-cap hedge fund strategy outstripped the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

One of Micron’s long-term shareholders was billionaire David Einhorn’s Greenlight Capital, which unloaded the position after the stock tumbled during the third quarter of 2015. In this way, during the fourth quarter, Greenlight sold around 12.37 million shares and closed the position. Prior to that, the investor had been quite bullish on the stock and discussed Micron in several of its letters to investors. On the other hand, Whitney Tilson’s T2 Partners saw the drop in the third quarter as an opportunity to buy and further increased its stake between July and September. On the next page, we are going to take a closer look at the last comments both investors made about Micron.

Page 1 of 4

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!