Micron Technology, Inc. $MU is ARS Investment Partners LLC's 6th Largest Position

Key Points

• ARS Investment Partners trimmed its Micron stake by 14.5% in the first quarter, but the position still totaled 230,303 shares worth about $77.8 million and ranked as its 6th-largest holding.
• Institutional ownership remains very high, with about 80.84% of Micron shares held by institutions and hedge funds. Several major investors, including Vanguard and Amundi, also increased their positions.
• Wall Street sentiment is bullish ahead of Micron’s earnings, with multiple analysts raising price targets on strong DRAM/NAND pricing and AI-driven demand. At the same time, some reports warn the stock could be volatile if results merely meet expectations.

ARS Investment Partners LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 230,303 shares of the semiconductor manufacturer's stock after selling 38,944 shares during the period. Micron Technology accounts for approximately 4.0% of ARS Investment Partners LLC's investment portfolio, making the stock its 6th biggest position. ARS Investment Partners LLC's holdings in Micron Technology were worth $77,806,000 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 4th quarter valued at $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 worth $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $805,148,000 after buying an additional 2,625,169 shares in the last quarter. Amundi raised its position in shares of 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 buying an additional 1,965,319 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 buying an additional 1,954,644 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MU shares. Mizuho boosted their price target on shares of Micron Technology to $800.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. DA Davidson assumed coverage on shares of Micron Technology in a report on Monday, May 11th. They issued a "buy" rating and a $1,000.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their target price on shares of Micron Technology from $525.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, June 15th. Finally, KeyCorp boosted their target price on Micron Technology from $450.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of "Buy" and a consensus price target of $913.47.

Micron Technology Price Performance

Micron Technology stock opened at $1,133.99 on Friday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,149.43. The stock has a market cap of $1.28 trillion, a P/E ratio of 53.54 and a beta of 2.16. The company has a 50-day moving average price of $748.09 and a 200 day moving average price of $493.40. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

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

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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