Hedge Funds are Buying These 5 Semiconductor Stocks in 2022

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

Number of Hedge Fund Holders: 78

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor firm that focuses on selling memory and storage products all over the world. These include dynamic random access memories (DRAMs) and NAND, NOR and solid state storage devices (SSDs). The products are included in both personal and enterprise computing devices. Micron Technology, Inc. (NASDAQ:MU) is headquartered in Boise, Idaho, United States.

Wells Fargo kept a $115 price target for the company in May 2022, stating that its earnings results merited a positive reevaluation. Additionally, it outlined that Micron Technology, Inc. (NASDAQ:MU)’s forward pricing agreements are a big strong point for the company.

Micron Technology, Inc. (NASDAQ:MU)’s largest investor is David Goel and Paul Ferri’s Matrix Capital Management which owns four million shares that are worth $311 million.