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

Key Points

• Corient Private Wealth LLC increased its Micron Technology stake by 314.1% in the fourth quarter, adding 752,057 shares to bring its total to 991,498 shares worth about $283 million.
• Several other institutional investors also boosted their holdings, and about 80.84% of Micron’s stock is now owned by hedge funds and other institutions, signaling strong professional interest in the company.
• Micron is drawing bullish attention from analysts on AI-driven demand and improving memory pricing, with multiple firms raising price targets ahead of its June 24 earnings report, while some note the stock may already be expensive near record highs.

Corient Private Wealth LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 314.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 991,498 shares of the semiconductor manufacturer's stock after acquiring an additional 752,057 shares during the quarter. Corient Private Wealth LLC owned 0.09% of Micron Technology worth $282,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MU. Heritage Trust Co increased its stake in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after buying an additional 1,323 shares during the period. Westpac Banking Corp lifted its stake in Micron Technology by 251.0% in the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after acquiring an additional 16,509 shares during the period. Wellington Management Group LLP lifted its stake in Micron Technology by 19.9% in the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after acquiring an additional 1,188,296 shares during the period. Fulton Bank N.A. grew its holdings in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer's stock worth $4,619,000 after acquiring an additional 7,147 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in Micron Technology during the 4th quarter worth about $1,316,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Wedbush raised its price target on Micron and reiterated an outperform view, citing strong AI-related demand and improved memory pricing. Micron Technology rises as Wedbush and Stifel raise price targets on AI-driven demand
• Positive Sentiment: Stifel also boosted its target to $1,500, adding to a wave of bullish analyst revisions that suggest further upside if Micron delivers on June 24 earnings. Stifel's $1,500 Target Bets Micron Has Further to Run
• Positive Sentiment: Deutsche Bank, RBC, and other firms raised targets sharply, signaling growing confidence that AI memory demand and pricing power can support a stronger-than-expected quarter. Micron stock draws aggressive target reset from 5-star analyst
• Positive Sentiment: Investor optimism is also being fueled by reports tying Micron to AI buildout themes, including Apple’s warning that iPhone price hikes may be unavoidable and commentary that Micron has “more room to run” as chip costs rise. Apple Price Hike Warning Sends Micron Stock Soaring
• Neutral Sentiment: Several articles note Micron is trading near record levels and may be overvalued by some valuation models, which could make the stock more sensitive to any earnings disappointment. Micron Technology Inc (MU) Stock Up 8.7% but GF Value Says Overvalued -- GF Score: 79/100
• Neutral Sentiment: Micron’s upcoming June 24 earnings report is the key near-term catalyst, with investors watching whether management confirms the bullish AI demand narrative. The Week Ahead: Micron Earnings Take Center Stage

Micron Technology Stock Performance

MU stock opened at $1,133.99 on Friday. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,149.43. The firm has a market cap of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.16. 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 50-day simple moving average of $733.54 and a two-hundred day simple moving average of $488.89.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same quarter in the previous year, the business posted $1.56 EPS. Micron Technology's revenue was up 196 on a year-over-year basis. On average, equities analysts forecast that Micron Technology, Inc. will post 59.23 EPS for the current fiscal year.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 37,439 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the transaction, the chief executive officer directly owned 387,064 shares in the company, valued at approximately $371,728,524.32. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MU. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a "buy" rating and a $700.00 price target for the company. Susquehanna increased their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a "positive" rating in a research note on Friday, May 29th. Needham & Company LLC lifted their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Finally, Bank of America upped their target price on Micron Technology from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $913.47.

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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