MidFirst Bank Buys New Shares in Micron Technology, Inc. $MU

Key Points

• MidFirst Bank opened a new position in Micron Technology, buying 1,452 shares worth about $414,000 in the fourth quarter.
• Institutional interest in Micron remains strong, with several other funds increasing their stakes and 80.84% of the stock now held by institutions and hedge funds.
• Analysts remain bullish on MU, with multiple firms raising price targets after strong earnings and improving AI-driven memory demand; the consensus rating is Buy with an average target price of $913.47.

MidFirst Bank purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,452 shares of the semiconductor manufacturer's stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MU. Heritage Trust Co boosted its holdings in 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 purchasing an additional 1,323 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after buying an additional 16,509 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Micron Technology by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after buying an additional 1,188,296 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of 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 buying an additional 7,147 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in shares of Micron Technology during the 4th quarter worth approximately $1,316,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 firm's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 over the last ninety days. Company insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MU shares. UBS Group boosted their price target on Micron Technology from $535.00 to $1,625.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Rosenblatt Securities increased their price objective on Micron Technology from $600.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $1,000.00 to $1,500.00 and gave the company a "buy" rating in a report on Wednesday. Barclays boosted their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Finally, Needham & Company LLC upped their target price on shares of Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $913.47.

Micron Technology Price Performance

NASDAQ MU opened at $1,133.99 on Friday. The firm has a market cap of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,149.43. The stock's 50 day simple moving average is $748.09 and its 200 day simple moving average is $493.40. 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 issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The business's revenue for the quarter was up 196 compared to the same quarter last year. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 61.51 earnings per share for the current fiscal year.

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 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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