Summit Partners Public Asset Management LLC Acquires New Shares in Micron Technology, Inc. $MU

Summit Partners Public Asset Management LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 130,100 shares of the semiconductor manufacturer’s stock, valued at approximately $37,132,000.

Other large investors have also made changes to their positions in the company. High Note Wealth LLC increased its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Micron Technology by 295.8% in the 4th 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. increased its holdings in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Joseph Group Capital Management bought a new position in Micron Technology during the 4th quarter worth about $31,000. Finally, Luken Investment Analytics LLC bought a new position in Micron Technology during the 4th quarter worth about $31,000. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

MU has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a report on Monday, March 16th. Erste Group Bank cut Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Wedbush increased their target price on Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Needham & Company LLC increased their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, DA Davidson assumed coverage on shares of Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price objective for the company. Five research 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 stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average target price of $788.13.

Micron Technology Trading Down 6.2%

Micron Technology stock opened at $1,020.76 on Wednesday. The firm has a 50-day moving average of $705.11 and a 200-day moving average of $476.85. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,110.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 48.19 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period last year, the business posted $1.56 EPS. Micron Technology’s revenue was up 196 on a year-over-year basis. On average, equities analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Micron Technology Company 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.