Micron Technology, Inc. (MU) Investors: Listen Up

Page 1 of 2

Micron Technology, Inc. (NASDAQ:MU) investors: listen to this unbelievably bullish data.

To the average investor, there are tons of methods market participants can use to analyze publicly traded companies. Two of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best money managers can trounce their index-focused peers by a healthy margin (see just how much).

Equally as useful, bullish insider trading sentiment is another way to analyze the financial markets. Obviously, there are plenty of stimuli for an insider to sell shares of his or her company, but only one, very clear reason why they would buy. Plenty of empirical studies have demonstrated the valuable potential of this method if investors know what to do (learn more here).

Furthermore, we’re going to study the latest info surrounding Micron Technology, Inc. (NASDAQ:MU).

Micron Technology, Inc. (NASDAQ:MU)

Hedge fund activity in Micron Technology, Inc. (NASDAQ:MU)

Heading into Q3, a total of 69 of the hedge funds we track held long positions in this stock, a change of 86% from the first quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their holdings substantially.

Out of the hedge funds we follow, Matthew Hulsizer’s PEAK6 Capital Management had the biggest position in Micron Technology, Inc. (NASDAQ:MU), worth close to $1.1425 billion, comprising 4.3% of its total 13F portfolio. Coming in second is William B. Gray of Orbis Investment Management, with a $1.0851 billion position; 8.6% of its 13F portfolio is allocated to the stock. Remaining peers with similar optimism include Seth Klarman’s Baupost Group, Steven Cohen’s SAC Capital Advisors and Rob Citrone’s Discovery Capital Management.

Now, particular hedge funds were leading the bulls’ herd. PEAK6 Capital Management, managed by Matthew Hulsizer, established the largest position in Micron Technology, Inc. (NASDAQ:MU). PEAK6 Capital Management had 1.1425 billion invested in the company at the end of the quarter. William B. Gray’s Orbis Investment Management also made a $1.0851 billion investment in the stock during the quarter. The following funds were also among the new MU investors: Seth Klarman’s Baupost Group, Steven Cohen’s SAC Capital Advisors, and Rob Citrone’s Discovery Capital Management.

How have insiders been trading Micron Technology, Inc. (NASDAQ:MU)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the company in focus has experienced transactions within the past half-year. Over the last six-month time frame, Micron Technology, Inc. (NASDAQ:MU) has experienced zero unique insiders buying, and 13 insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Micron Technology, Inc. (NASDAQ:MU). These stocks are SemiLEDs Corporation (NASDAQ:LEDS), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), Rambus Inc. (NASDAQ:RMBS), and Spansion Inc. (NYSE:CODE). This group of stocks belong to the semiconductor- memory chips industry and their market caps match MU’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!