Diversified Trust Co Has $7.14 Million Stock Position in Micron Technology, Inc. $MU

Key Points

• Diversified Trust Co cut its Micron Technology stake by 8.2% in the first quarter, leaving it with 21,138 shares worth about $7.14 million.
• Micron posted a very strong quarter, with EPS of $12.20 versus expectations of $9.19 and revenue of $23.86 billion, well above estimates.
• Analysts remain broadly bullish on the stock, with several firms raising price targets and the consensus rating at Buy, though some commentary warns that the upcoming earnings report could trigger volatility if results do not exceed lofty expectations.

Diversified Trust Co reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,138 shares of the semiconductor manufacturer's stock after selling 1,891 shares during the period. Diversified Trust Co's holdings in Micron Technology were worth $7,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Micron Technology in the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC grew its stake in shares of Micron Technology by 411.9% during 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 purchasing an additional 2,625,169 shares during the last quarter. Amundi grew its stake in shares of Micron Technology by 65.0% during 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 during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 valued at $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

MU opened at $1,133.99 on Friday. The firm has a 50 day simple moving average of $748.09 and a 200 day simple moving average of $493.40. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,149.43. The company 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 current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) 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 firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. During the same period last year, the firm earned $1.56 earnings per share. The business's revenue for the quarter was up 196 on a year-over-year basis. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 61.51 earnings per share for the current year.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the firm'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 $371,728,524.32. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. DA Davidson started coverage on shares of Micron Technology in a research report on Monday, May 11th. They issued a "buy" rating and a $1,000.00 price objective for the company. Royal Bank Of Canada increased their price objective on Micron Technology from $525.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, June 15th. Sanford C. Bernstein lifted their target price on Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, March 18th. Citigroup boosted their target price on Micron Technology from $840.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Cantor Fitzgerald upped their price target on Micron Technology from $700.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Monday, June 8th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $913.47.

Key Headlines Impacting Micron Technology

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

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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