Balboa Wealth Partners Has $5.66 Million Position in Micron Technology, Inc. $MU

Key Points

• Balboa Wealth Partners reduced its Micron position by 20.6% in the first quarter, selling 4,361 shares and ending with 16,762 shares valued at about $5.66 million. Micron now represents roughly 0.9% of the firm’s portfolio.
• Micron is attracting bullish analyst and market commentary thanks to stronger DRAM/NAND pricing, AI-driven memory demand, and expanding data-center sales. Several firms raised price targets sharply, with TD Cowen and Deutsche Bank both lifting targets to $1,500.
• Investors are bracing for a high-stakes earnings report on June 24, with optimism around a possible beat but also warnings that expectations are already very high. Some bearish views argue the stock could be volatile or fall if results are merely in line, especially with competitive and supply risks ahead.

Balboa Wealth Partners cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,762 shares of the semiconductor manufacturer's stock after selling 4,361 shares during the period. Micron Technology accounts for approximately 0.9% of Balboa Wealth Partners' portfolio, making the stock its 21st biggest holding. Balboa Wealth Partners' holdings in Micron Technology were worth $5,663,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MU. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in shares of 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 during the period. Bayban bought a new position in shares of Micron Technology during the 4th quarter worth about $29,000. Finally, Joseph Group Capital Management acquired a new position in shares of Micron Technology during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company's stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 over the last three months. 0.24% of the stock is owned by corporate insiders.

Key Headlines Impacting 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 Price Performance

Shares of NASDAQ:MU opened at $1,133.99 on Monday. The company's fifty day moving average is $748.09 and its 200-day moving average is $495.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,149.43. The company has a market capitalization of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.15.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MU shares. TD Cowen increased their target price on shares of Micron Technology from $660.00 to $1,500.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Melius Research initiated coverage on Micron Technology in a research note on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. Sanford C. Bernstein upped their price target on Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, March 18th. Rosenblatt Securities raised their price objective on Micron Technology from $600.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $1,000.00 to $1,500.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $913.47.

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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