Buffalo Business & Estate Services Ltd. Invests $704,000 in Micron Technology, Inc. $MU

Key Points

• Buffalo Business & Estate Services Ltd. disclosed a new first-quarter stake in Micron Technology, buying 2,085 shares valued at about $704,000.
• Other hedge funds also added or increased MU holdings, and institutional investors now own 80.84% of Micron’s stock, underscoring broad professional interest in the name.
• Micron’s shares were reported as up 6.8%, while analysts continued to raise price targets sharply on expectations for AI-driven memory demand and strong earnings growth.

Buffalo Business & Estate Services Ltd. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,085 shares of the semiconductor manufacturer's stock, valued at approximately $704,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Total Clarity Wealth Management Inc. purchased a new position in Micron Technology in the first quarter valued at approximately $228,000. Essex Bank lifted its position in shares of Micron Technology by 2.0% during the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock worth $423,000 after buying an additional 24 shares during the last quarter. Aspire Growth Partners LLC lifted its position in shares of Micron Technology by 2.1% during the 1st quarter. Aspire Growth Partners LLC now owns 2,195 shares of the semiconductor manufacturer's stock worth $742,000 after buying an additional 46 shares during the last quarter. Stonebridge Financial Group LLC MO boosted its holdings in shares of Micron Technology by 2.2% in the 1st quarter. Stonebridge Financial Group LLC MO now owns 2,844 shares of the semiconductor manufacturer's stock valued at $961,000 after buying an additional 60 shares in the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at $235,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the firm's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer owned 387,064 shares of the company's stock, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Trading Up 6.8%

Shares of Micron Technology stock opened at $1,211.38 on Tuesday. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,213.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market capitalization of $1.37 trillion, a P/E ratio of 57.19 and a beta of 2.15. The company's fifty day moving average is $763.89 and its two-hundred day moving average is $502.03.

Micron Technology News Roundup

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

• Positive Sentiment: Micron announced a strategic deal with Anthropic that includes memory and storage supply commitments, AI infrastructure design work, enterprise adoption of Claude, and an investment in Anthropic’s latest funding round, reinforcing Micron’s role in the AI buildout. Reuters article
• Positive Sentiment: Wall Street analysts lifted price targets ahead of earnings, including Needham’s increase to $1,550, as expectations build for sharp revenue and profit growth from AI-driven memory demand. Benzinga article
• Positive Sentiment: Momentum remains strong into the report, with Micron hitting new highs as traders position for a potentially large post-earnings move and cite continued tightness in high-bandwidth memory supply. TipRanks article
• Neutral Sentiment: Several previews say expectations are extremely high, with consensus calling for roughly quadrupled revenue and major EPS growth, which supports the stock but also leaves room for volatility if results disappoint. Invezz article
• Negative Sentiment: Some commentary warns that Micron’s rally has already priced in a lot of good news, and one analyst noted memory-chip gains may not keep rising forever amid eventual competitive pressure from China. Barron’s article

Analyst Ratings Changes

Several equities research analysts recently commented on MU shares. Royal Bank Of Canada lifted their price target on shares of Micron Technology from $525.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, June 15th. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Rosenblatt Securities lifted their target price on Micron Technology from $600.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Micron Technology from $550.00 to $1,220.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $1,000.00 to $1,500.00 and gave the company 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $974.80.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.