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

What have hedge funds been doing with Micron Technology, Inc. (NASDAQ:MU)?

At Q4’s end, a total of 64 of the hedge funds tracked by Insider Monkey were bullish on this stock, a decline of 10% from one quarter earlier. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital has the biggest position in Micron Technology, Inc. (NASDAQ:MU), worth close to $233.4 million, corresponding to 1.1% of its total 13F portfolio. The second largest stake is held by David Cohen and Harold Levy’s Iridian Asset Management, with a $161.8 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish, encompass David Harding’s Winton Capital Management, John Overdeck and David Siegel’s Two Sigma Advisors and Ross Margolies’s Stelliam Investment Management.