Cedarwood Wealth LLC Takes Position in Micron Technology, Inc. $MU

Key Points

• Cedarwood Wealth LLC initiated a new position in Micron Technology, buying 918 shares worth about $262,000 in the fourth quarter.
• Institutional interest in Micron remains strong, with hedge funds and other investors owning 80.84% of the stock, even as several insiders have sold shares in recent months.
• Wall Street sentiment is broadly bullish: multiple analysts raised price targets sharply on expectations for AI-driven memory demand and stronger DRAM/NAND pricing, and the consensus rating remains Buy.

Cedarwood Wealth LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 918 shares of the semiconductor manufacturer's stock, valued at approximately $262,000.

Several other institutional investors have also modified their holdings of the company. High Note Wealth LLC raised its holdings 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 purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 96 shares during the last quarter. Bayban acquired a new stake in Micron Technology in the fourth quarter valued at $29,000. Finally, Joseph Group Capital Management purchased a new position in shares of Micron Technology in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MU shares. Royal Bank Of Canada lifted their price target on Micron Technology from $525.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday. Sanford C. Bernstein increased their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, March 18th. DA Davidson began coverage on shares of Micron Technology in a report on Monday, May 11th. They set a "buy" rating and a $1,000.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Micron Technology from $1,000.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Micron Technology from $550.00 to $1,220.00 and gave the company an "overweight" rating in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $913.47.

Micron Technology News Roundup

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the sale, the chief executive officer owned 387,064 shares in the company, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. 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 in the last three months. 0.24% of the stock is owned by insiders.

Micron Technology Price Performance

Micron Technology stock opened at $1,133.99 on Friday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,149.43. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company's quarterly revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. Equities analysts predict that Micron Technology, Inc. will post 59.57 earnings per share 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.

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