Weaver Capital Management LLC grew its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,788 shares of the semiconductor manufacturer’s stock after purchasing an additional 700 shares during the period. Weaver Capital Management LLC’s holdings in Micron Technology were worth $1,280,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. CENTRAL TRUST Co raised its stake in Micron Technology by 15.0% in the 1st quarter. CENTRAL TRUST Co now owns 3,562 shares of the semiconductor manufacturer’s stock valued at $1,203,000 after acquiring an additional 464 shares during the period. Cora Capital Advisors LLC lifted its holdings in Micron Technology by 21.3% during the first quarter. Cora Capital Advisors LLC now owns 941 shares of the semiconductor manufacturer’s stock valued at $318,000 after purchasing an additional 165 shares during the last quarter. Cache Advisors LLC bought a new position in Micron Technology during the first quarter worth about $657,000. Richards Merrill & Peterson Inc. boosted its position in Micron Technology by 4.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 6,273 shares of the semiconductor manufacturer’s stock worth $2,119,000 after purchasing an additional 295 shares during the period. Finally, New Covenant Trust Company N.A. boosted its position in Micron Technology by 35.1% during the first quarter. New Covenant Trust Company N.A. now owns 1,016 shares of the semiconductor manufacturer’s stock worth $343,000 after purchasing an additional 264 shares during the period. 80.84% of the stock is owned by institutional investors.
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron announced a strategic AI infrastructure agreement with Anthropic that includes memory and storage supply, AI architecture collaboration, enterprise use of Claude, and an investment in Anthropic’s funding round. Reuters article
- Positive Sentiment: Several Wall Street firms raised price targets on Micron, signaling continued confidence in AI-driven memory demand and earnings upside. Benzinga analyst update
- Neutral Sentiment: Investors are positioning for a potentially large post-earnings move, with options markets pricing in elevated volatility heading into the Q3 report. TipRanks article
- Negative Sentiment: Micron was caught in a broad tech and memory-stock selloff as traders questioned whether massive AI capex spending will translate into sufficient returns. LA Times article
- Negative Sentiment: South Korea’s KOSPI plunge and weakness in SK Hynix and Samsung Electronics added pressure on Micron, reinforcing fears that memory-chip enthusiasm may be overheating. Barron’s article
Micron Technology Trading Down 13.2%
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Micron Technology from $1,000.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Barclays raised their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday. Finally, Stifel Nicolaus increased their target price on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,008.13.
View Our Latest Stock Analysis on Micron Technology
Insider Buying and Selling at Micron Technology
In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the 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 sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. Corporate insiders own 0.24% of the company’s stock.
Micron Technology Profile
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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