Lee Johnson Capital Management LLC Boosts Holdings in Micron Technology, Inc. $MU

Key Points

• Lee Johnson Capital Management sharply increased its Micron position in Q1, boosting holdings by 1,012.5% to 11,125 shares worth about $3.76 million.
• Micron continues to attract major institutional interest, with hedge funds and other investors owning 80.84% of the stock; several large firms also recently added to their positions.
• Wall Street remains broadly bullish on MU, with a consensus Buy rating and a target price of $939.80, though insider sales and some analysts warn the stock may be volatile ahead of earnings.

Lee Johnson Capital Management LLC increased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1,012.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,125 shares of the semiconductor manufacturer's stock after purchasing an additional 10,125 shares during the period. Micron Technology makes up approximately 1.3% of Lee Johnson Capital Management LLC's holdings, making the stock its 20th biggest position. Lee Johnson Capital Management LLC's holdings in Micron Technology were worth $3,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Micron Technology in the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC grew its holdings 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 buying an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 acquiring an additional 2,625,169 shares in the last quarter. Amundi raised its holdings in Micron Technology by 65.0% in 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. raised its holdings in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was 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. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the director owned 17,139 shares of the company's stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a research note on Thursday. Erste Group Bank downgraded Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Barclays increased their price objective on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Mizuho lifted their price objective on Micron Technology to $800.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. Finally, Sanford C. Bernstein set a $1,300.00 target price on Micron Technology in a research report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $939.80.

Micron Technology Price Performance

NASDAQ MU opened at $1,133.99 on Monday. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.15. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,149.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The business's fifty day moving average price is $748.09 and its 200-day moving average price is $495.18.

Micron Technology News Summary

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 Company 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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