US Politicians are Buying These 5 Semiconductor Stocks

2. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 78      

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. On August 11, US House member Kathy Manning disclosed a transaction related to Micron Technology (NASDAQ:MU) stock worth somewhere between $1,000 and $15,000. The member revealed that she had bought the stock worth the above-mentioned amount in late July.

On August 10, Deutsche Bank analyst Sidney Ho maintained a Buy rating on Micron Technology (NASDAQ:MU) stock and lowered the price target to $68 from $70, noting that the shares of the firm were close to a trough. 

At the end of the first quarter of 2022, 78 hedge funds in the database of Insider Monkey held stakes worth $3.4 billion in Micron Technology (NASDAQ:MU), compared to 83 in the preceding quarter worth $5.5 billion.