10,328 Shares in Micron Technology, Inc. $MU Purchased by WESPAC Advisors SoCal LLC

Key Points

• WESPAC Advisors SoCal LLC disclosed a new first-quarter stake in Micron Technology, buying 10,328 shares valued at about $3.49 million.
• Micron continues to attract major institutional interest, with several hedge funds adding to positions and 80.84% of the stock now held by hedge funds and other institutions.
• Analysts remain bullish on MU thanks to AI-driven memory demand and tight DRAM/NAND supply, but investors are watching an upcoming earnings report closely amid warnings that the stock could be volatile if results merely meet expectations.

WESPAC Advisors SoCal LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,328 shares of the semiconductor manufacturer's stock, valued at approximately $3,489,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Heritage Trust Co raised its position in shares of Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after buying an additional 1,323 shares during the last quarter. Westpac Banking Corp boosted its position in Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after acquiring an additional 16,509 shares during the last quarter. Wellington Management Group LLP grew its stake in Micron Technology by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after acquiring an additional 1,188,296 shares during the period. Fulton Bank N.A. grew its stake in Micron Technology by 79.1% in the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer's stock worth $4,619,000 after acquiring an additional 7,147 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology in the 4th quarter valued at $1,316,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $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. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 over the last ninety days. 0.24% of the stock is owned by insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Multiple firms raised price targets on Micron (MU), citing stronger DRAM/NAND pricing, AI-driven memory demand, and rising data-center sales. Wedbush lifted its target to $1,300, while other reports pointed to even higher bullish targets, signaling continued confidence ahead of earnings. Article Title
• Positive Sentiment: Micron’s U.S. capacity expansion and advanced 1-alpha DRAM production were highlighted as strategic moves that could support long-term AI infrastructure demand, reinforcing the company’s role as a key memory supplier for AI data centers. Article Title
• Positive Sentiment: Several articles say MU is likely to beat fiscal Q3 estimates thanks to tight memory supply, strong pricing power, and new chip ramp-up, which would extend the company’s recent run and keep AI-related optimism alive. Article Title
• Neutral Sentiment: Investors are treating Micron’s June 24 earnings report as a key read-through on whether the AI-driven chip rally still has room to run. That makes the stock a high-expectation name going into results, but not automatically one with easy upside from here. Article Title
• Neutral Sentiment: Some commentary also suggests Micron (MU) could see a volatile reaction even if earnings are good, since the stock has already had a huge run and expectations are elevated. Article Title
• Negative Sentiment: Bearish pieces warn that Micron’s upcoming report is a “tough earnings test,” with some arguing the stock could fall if the company merely meets expectations instead of dramatically exceeding them. Article Title
• Negative Sentiment: SK Hynix’s plan to expand memory production over the next five years was flagged as a competitive risk for MU, potentially pressuring pricing and margins later if supply growth outpaces demand. Article Title

Micron Technology Stock Performance

NASDAQ:MU opened at $1,133.99 on Friday. The company has a market cap of $1.28 trillion, a P/E ratio of 53.54 and a beta of 2.16. The firm's 50 day moving average is $748.09 and its two-hundred day moving average is $493.40. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,149.43. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $23.86 billion during 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 quarterly revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 EPS. Analysts expect that Micron Technology, Inc. will post 61.51 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MU. Cantor Fitzgerald increased their price target on Micron Technology from $700.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Monday, June 8th. Susquehanna lifted their price objective on Micron Technology from $600.00 to $1,750.00 and gave the company a "positive" rating in a research report on Friday, May 29th. Melius Research initiated coverage on Micron Technology in a research note on Monday, April 27th. They issued a "buy" rating and a $700.00 target price for the company. Summit Insights downgraded Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Finally, Wolfe Research raised their price target on Micron Technology from $550.00 to $1,250.00 and gave the stock an "outperform" rating in a research note on Thursday, June 11th. 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 company's stock. Based on data from MarketBeat, Micron Technology has a consensus rating of "Buy" and a consensus target price of $913.47.

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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