Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Micron Technology, Inc. (NASDAQ: MU)
Micron has historically focused on providing DRAM for PCs and servers. The firm has expanded into the NAND flash memory market over the past decade. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).
A quick look at the price chart below for Micron shows us that the stock is down 6% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 2.95 which means that it remains undervalued.
(Source: Google Finance)
Superinvestors who currently hold positions in Micron include:
Cliff Asness: 22,852,934 total shares
David Tepper: 16,000,000 total shares
Jim Simons: 4,621,511 total shares
Joel Greenblatt: 1,600,189 total shares
Ray Dalio: 1,060,657 total shares
Steve Cohen: 1,008,000 total shares
Mohnish Pabrai: 546,847 total shares
Donald Yacktman: 512,092 total shares
Paul Tudor Jones: 187,903 total shares
Lee Ainslie: 136,360 total shares
Prem Watsa: 48,000 total shares
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