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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120   

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Raymond James recently raised the price target on Micron Technology (NASDAQ:MU) stock to $140 from $125 and reiterated an Outperform rating on the shares. In an investor note, the investment advisory detailed that the fourth quarter results and first quarter outlook for the memory maker were both better than recently reduced estimates by analysts and fiscal 2025 commentary by management would help allay recent concerns about the memory cycle rolling over.

The advisory further added that the margins for Micron were benefiting from a combination of pricing, high bandwidth memory mix, and improving yields, tailwinds that would continue through the year, and noted that a higher peak multiple was justified for the shares.