Titan Wealth CI Ltd purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,600 shares of the semiconductor manufacturer’s stock, valued at approximately $1,027,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Note Wealth LLC lifted its holdings in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the period. Joseph Group Capital Management acquired a new position in Micron Technology during the fourth quarter valued at $31,000. Finally, Luken Investment Analytics LLC purchased a new stake in Micron Technology in the 4th quarter worth about $31,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last three months. 0.24% of the stock is owned by corporate insiders.
Micron Technology Stock Performance
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s quarterly revenue was up 196 on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: TD Cowen and other analysts raised price targets sharply, with several firms arguing that AI-driven memory demand could support pricing strength into 2027 and leave significant upside even after Micron’s huge run. Article Title
- Positive Sentiment: Micron is benefiting from strong demand for DRAM, NAND, HBM, and enterprise SSDs, with commentary pointing to a persistent supply-demand imbalance and better-than-expected earnings over the next two fiscal years. Article Title
- Positive Sentiment: Recent news that Micron has been approved to supply HBM4 memory for AI applications reinforced its role as a key beneficiary of the AI infrastructure buildout. Article Title
- Positive Sentiment: Several pieces highlighted Micron’s breakout momentum and argued the stock could still have meaningful upside, with Wall Street targets ranging as high as $1,500 on expectations for strong gross margins and buybacks. Article Title
- Neutral Sentiment: Investors are watching Micron’s fiscal Q3 earnings due June 24, which could be a major catalyst either confirming or cooling the stock’s recent momentum. Article Title
- Negative Sentiment: Some commentary warned that Micron’s rally has been extremely extended and that the stock may be overbought, with peak-cycle risk and a potential slowdown in growth still on the radar. Article Title
Analysts Set New Price Targets
Several analysts recently commented on the stock. Susquehanna raised their price target on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective on the stock. Barclays increased their target price on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. DA Davidson assumed coverage on shares of Micron Technology in a report on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target on the stock. Finally, Citigroup upped their price target on shares of Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $788.13.
Read Our Latest Analysis on MU
About Micron Technology
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
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