Micron Technology, Inc. $MU Shares Sold by Faithward Advisors LLC

Key Points

• Faithward Advisors LLC cut its Micron Technology stake by 50.4% in the first quarter, selling 2,871 shares and leaving it with 2,831 shares valued at about $957,000.
• Despite some selling by this investor, institutional ownership remains high at 80.84%, while several other hedge funds reported small or large position increases in Micron during recent quarters.
• Wall Street remains bullish on Micron: multiple analysts raised price targets, and the stock carries a consensus “Buy” rating with an average target of $1,008.13, even as shares were reported down 13.2% in the article.

Faithward Advisors LLC reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 50.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the semiconductor manufacturer's stock after selling 2,871 shares during the quarter. Faithward Advisors LLC's holdings in Micron Technology were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. High Note Wealth LLC grew its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 96 shares in the last quarter. Bayban purchased a new stake in Micron Technology in the 4th quarter valued at approximately $29,000. Finally, GHP Investment Advisors Inc. grew its holdings in Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Trading Down 13.2%

Shares of Micron Technology stock opened at $1,051.77 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,213.56. The firm has a market cap of $1.19 trillion, a PE ratio of 49.66 and a beta of 2.16. The business's fifty day moving average is $776.51 and its two-hundred day moving average is $507.79. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group raised their price target on Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Summit Insights downgraded Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday. TD Cowen lifted their price objective on Micron Technology from $660.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Finally, Cantor Fitzgerald boosted their target price on shares of 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 analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has a consensus rating of "Buy" and an average price target of $1,008.13.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron announced a strategic AI infrastructure agreement with Anthropic that includes memory and storage supply, AI architecture collaboration, enterprise use of Claude, and an investment in Anthropic’s funding round. Reuters article
• Positive Sentiment: Several Wall Street firms raised price targets on Micron, signaling continued confidence in AI-driven memory demand and earnings upside. Benzinga analyst update
• Neutral Sentiment: Investors are positioning for a potentially large post-earnings move, with options markets pricing in elevated volatility heading into the Q3 report. TipRanks article
• Negative Sentiment: Micron was caught in a broad tech and memory-stock selloff as traders questioned whether massive AI capex spending will translate into sufficient returns. LA Times article
• Negative Sentiment: South Korea’s KOSPI plunge and weakness in SK Hynix and Samsung Electronics added pressure on Micron, reinforcing fears that memory-chip enthusiasm may be overheating. Barron’s article

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 125,737 shares in the company, 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, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 over the last three months. Insiders own 0.24% of the company's stock.

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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