Boston, MA 11/25/2013 (wallstreetpr) – That Micron Technology, Inc. (NASDAQ:MU) is an exciting stock can be seen in the growing interest in the ticker by big money. Just a few have been revealed this far and it seems a lot for of hedge funds have seen the potential in this ticker, thus the rush to get hold of it when its price is till favorable.
The first disclosure was about value investor Seth Klarman up stake in the tock and now holds 64 million shares. Klarman’s purchase occurred before the close of the quarter ending Sept. 30. During this time, the ticker was trading around $16.50 and $20 per share. The latest value investor in MU is David Einhorn.
It may not be very important to know exactly who has bought the stock among the big money; however, it serves a potential investor to know what reason are driving value investors to take position in Micron Technology, Inc. (NASDAQ:MU). As for the latest value investor Einhorn, he cited the growing DRAM industry in which MU thrives. The company’s memory technology is favored in smartphones, video games and flash. It means that a thriving DRAM industry means good tiding for MU and investors are now jostling for position. But I can say this is just the tip of the iceberg.
Other things which make Micron Technology, Inc. (NASDAQ:MU) and interesting stock is the acquisition of Elpida whose customers base include Apple Inc in matters chips. This a value added acquisition whose impacted is sure to take MU’s earnings and stock to a whole new level. The rising price of memory is also another reason that is causing interest in this ticker. Connected to the good prices is the shortage of the devices due to the fire at China’s Hynix plant which has resulted in demand increase for memory.
Moreover, Micron Technology, Inc. (NASDAQ:MU) is adding new dimension in memory industry with its hybrid memory cube which is an innovative technology that is promising enhance the performance of the existing DDR3 more than 15 time. What’s more, its power consummation will also be less by 30% compared to the existing memory.
So essentially, these are promising things which make MU an exiting stock going into the future.