Consilium Wealth Advisory LLC Raises Position in Micron Technology, Inc. $MU

Key Points

• Consilium Wealth Advisory LLC increased its Micron Technology stake by 34.3% in the first quarter, buying 1,855 more shares and bringing its total to 7,271 shares worth about $2.46 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 80.84% of Micron shares. Several large firms also boosted their positions significantly in recent quarters.
• Analyst sentiment is bullish, with multiple firms raising price targets and Micron currently carrying a consensus Buy rating and an average price target of $1,008.13.

Consilium Wealth Advisory LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 34.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,271 shares of the semiconductor manufacturer's stock after buying an additional 1,855 shares during the period. Micron Technology makes up about 0.8% of Consilium Wealth Advisory LLC's holdings, making the stock its 27th largest holding. Consilium Wealth Advisory LLC's holdings in Micron Technology were worth $2,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Micron Technology during the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC raised its stake in Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after purchasing an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock valued at $805,148,000 after purchasing an additional 2,625,169 shares in the last quarter. Amundi raised its stake in Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company's stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction 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 in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last 90 days. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MU. Raymond James Financial boosted their price target on shares of Micron Technology from $530.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Monday, June 1st. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Monday, June 8th. Melius Research began coverage on shares of Micron Technology in a research report on Monday, April 27th. They issued a "buy" rating and a $700.00 target price for the company. Needham & Company LLC increased their target price on Micron Technology from $500.00 to $1,550.00 and gave the company a "buy" rating in a research note on Monday. Finally, Bank of America increased their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday. 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. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and a consensus price target of $1,008.13.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $1,051.77 on Wednesday. The stock has a market cap of $1.19 trillion, a PE ratio of 49.66 and a beta of 2.16. The company's fifty day moving average is $776.51 and its 200 day moving average is $507.79. 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, Inc. has a 52 week low of $103.38 and a 52 week high of $1,213.56.

Micron Technology News Summary

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

• Positive Sentiment: Micron announced a strategic AI infrastructure agreement with Anthropic that includes memory and storage supply, AI architecture collaboration, enterprise use of Claude, and an investment in Anthropic’s funding round. Reuters article
• Positive Sentiment: Several Wall Street firms raised price targets on Micron, signaling continued confidence in AI-driven memory demand and earnings upside. Benzinga analyst update
• Neutral Sentiment: Investors are positioning for a potentially large post-earnings move, with options markets pricing in elevated volatility heading into the Q3 report. TipRanks article
• Negative Sentiment: Micron was caught in a broad tech and memory-stock selloff as traders questioned whether massive AI capex spending will translate into sufficient returns. LA Times article
• Negative Sentiment: South Korea’s KOSPI plunge and weakness in SK Hynix and Samsung Electronics added pressure on Micron, reinforcing fears that memory-chip enthusiasm may be overheating. Barron’s article

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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