5 Technology Dividend Stocks Billionaires Are Loading Up On

In this article, we discuss 5 technology dividend stocks billionaires are loading up on. If you want to read our detailed analysis of the tech sector and dividend stocks, go directly to read 10 Technology Dividend Stocks Billionaires Are Loading Up On.

5. Micron Technology, Inc. (NASDAQ:MU)

Number of Billionaire Investors: 16
Number of Hedge Fund Holders: 73

Micron Technology, Inc. (NASDAQ:MU) is an American semiconductor manufacturing company that also provides services in data storage. The company started its dividend policy in 2021 and has paid regular dividends to shareholders since then. It currently pays a quarterly dividend of $0.115 per share and has a dividend yield of 0.67%, as of June 3. MU is grabbing the attention of billionaire investors, including Rajiv Jain and William B. Gray.

In May, BMO Capital raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $80 and maintained an Outperform rating on the shares. The firm appreciated the company’s overall performance and its international exposure.

As of the close of Q1 2023, 73 hedge funds in Insider Monkey’s database owned stakes in Micron Technology, Inc. (NASDAQ:MU), compared with 74 in the previous quarter. These stakes have a collective value of over $2.65 billion.