Corient Private Wealth LLC Grows Position in Micron Technology, Inc. $MU

Key Points

• Corient Private Wealth boosted its Micron Technology stake by 17.8% in the fourth quarter, ending with 282,086 shares valued at about $80.5 million.
• Institutional interest in Micron (MU) remains very high, with hedge funds and other investors owning 80.84% of the company; several large holders also added to positions in recent filings.
• Recent commentary around Micron is largely upbeat, with analysts raising price targets on stronger DRAM/NAND pricing and AI-driven demand, though some warn the stock could see a volatile reaction into earnings because expectations are elevated.

Corient Private Wealth LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 282,086 shares of the semiconductor manufacturer's stock after purchasing an additional 42,645 shares during the quarter. Corient Private Wealth LLC's holdings in Micron Technology were worth $80,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. Norges Bank purchased a new position in Micron Technology in the 4th quarter worth $6,433,456,000. AQR Capital Management LLC lifted 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 worth $606,873,000 after purchasing an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Micron Technology by 1,340.6% during 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 buying an additional 2,625,169 shares during the period. Amundi grew its position in Micron Technology by 65.0% during the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock worth $1,424,025,000 after acquiring an additional 1,965,319 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company's 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 completion of the transaction, the chief executive officer owned 424,503 shares of the company's stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% 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 quarter. Corporate insiders own 0.24% of the company's stock.

Key Micron Technology News

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 Friday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,149.43. The business has a 50-day simple moving average of $748.09 and a two-hundred day simple moving average of $493.40. 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 firm has a market cap of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts' consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same period in the previous year, the business earned $1.56 EPS. The company's quarterly revenue was up 196 compared to the same quarter last year. On average, analysts expect that Micron Technology, Inc. will post 61.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Micron Technology from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. DA Davidson assumed coverage on Micron Technology in a research report on Monday, May 11th. They set a "buy" rating and a $1,000.00 price target for the company. Summit Insights lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $400.00 to $900.00 and gave the company a "neutral" rating in a research report on Wednesday, June 10th. Finally, Erste Group Bank lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Five research 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. Based on data from MarketBeat, the stock 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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