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

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

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!