Micron Technology, Inc. $MU Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 314.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 991,498 shares of the semiconductor manufacturer’s stock after purchasing an additional 752,057 shares during the quarter. Corient Private Wealth LLC’s holdings in Micron Technology were worth $282,983,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MU. Alberta Investment Management Corp purchased a new stake in Micron Technology during the 4th quarter worth approximately $4,681,000. Strive Financial Group LLC purchased a new position in shares of Micron Technology in the fourth quarter worth $38,000. First Commonwealth Financial Corp PA purchased a new position in shares of Micron Technology in the fourth quarter worth $211,000. Blue Sparrow LLC DE acquired a new stake in shares of Micron Technology during the fourth quarter worth $110,460,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Micron Technology by 14.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 345,378 shares of the semiconductor manufacturer’s stock worth $98,584,000 after buying an additional 44,872 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MU has been the topic of several research reports. DA Davidson initiated coverage on Micron Technology in a research report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price on the stock. Susquehanna boosted their price target on Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Raymond James Financial boosted their price target on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Royal Bank Of Canada increased their price objective on Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wedbush raised their price objective on Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued 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 price target of $913.47.

Insider Activity

In related news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were 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 in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by corporate insiders.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Wedbush raised its price target on Micron and reiterated an outperform view, citing strong AI-related demand and improved memory pricing. Micron Technology rises as Wedbush and Stifel raise price targets on AI-driven demand
• Positive Sentiment: Stifel also boosted its target to $1,500, adding to a wave of bullish analyst revisions that suggest further upside if Micron delivers on June 24 earnings. Stifel’s $1,500 Target Bets Micron Has Further to Run
• Positive Sentiment: Deutsche Bank, RBC, and other firms raised targets sharply, signaling growing confidence that AI memory demand and pricing power can support a stronger-than-expected quarter. Micron stock draws aggressive target reset from 5-star analyst
• Positive Sentiment: Investor optimism is also being fueled by reports tying Micron to AI buildout themes, including Apple’s warning that iPhone price hikes may be unavoidable and commentary that Micron has “more room to run” as chip costs rise. Apple Price Hike Warning Sends Micron Stock Soaring
• Neutral Sentiment: Several articles note Micron is trading near record levels and may be overvalued by some valuation models, which could make the stock more sensitive to any earnings disappointment. Micron Technology Inc (MU) Stock Up 8.7% but GF Value Says Overvalued — GF Score: 79/100
• Neutral Sentiment: Micron’s upcoming June 24 earnings report is the key near-term catalyst, with investors watching whether management confirms the bullish AI demand narrative. The Week Ahead: Micron Earnings Take Center Stage

Micron Technology Trading Up 8.7%

Shares of NASDAQ:MU opened at $1,133.99 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,149.43. The business has a 50 day moving average of $733.54 and a two-hundred day moving average of $488.89. The company has a market capitalization of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s revenue was up 196 on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 59.23 EPS for the current year.

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.