Union Square Park Capital Management LLC Buys New Position in Micron Technology, Inc. $MU

Key Points

• Union Square Park Capital Management disclosed a new position in Micron Technology, buying 5,000 shares worth about $1.43 million in the fourth quarter. Micron now represents 0.7% of the fund’s holdings and its 29th-largest position.
• Institutional interest in Micron remains strong, with 80.84% of the stock owned by hedge funds and other institutions. Several smaller funds also increased or initiated stakes during the quarter.
• Analysts remain bullish on Micron, with multiple firms raising price targets sharply and MarketBeat reporting an average Buy rating and a consensus price target of $788.13. The company also posted a strong recent quarter, beating earnings and revenue estimates by a wide margin.

Union Square Park Capital Management LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 5,000 shares of the semiconductor manufacturer's stock, valued at approximately $1,427,000. Micron Technology accounts for 0.7% of Union Square Park Capital Management LLC's holdings, making the stock its 29th biggest position.

Other hedge funds have also modified their holdings of the company. High Note Wealth LLC raised its holdings in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 34 shares during the period. Elevation Wealth Partners LLC grew its stake in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Joseph Group Capital Management acquired a new stake in Micron Technology during the 4th quarter valued at approximately $31,000. Finally, Luken Investment Analytics LLC acquired a new stake in Micron Technology during the 4th quarter valued at approximately $31,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MU shares. Barclays raised their price objective on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. UBS Group raised their price objective 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. The Goldman Sachs Group raised their price objective on Micron Technology from $400.00 to $900.00 and gave the company a "neutral" rating in a research note on Wednesday, June 10th. Citigroup raised their price objective on Micron Technology from $425.00 to $840.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Finally, KeyCorp raised their price objective on Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and an average price target of $788.13.

More Micron Technology News

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

• Positive Sentiment: TD Cowen and other analysts raised price targets sharply, with several firms arguing that AI-driven memory demand could support pricing strength into 2027 and leave significant upside even after Micron’s huge run. Article Title
• Positive Sentiment: Micron is benefiting from strong demand for DRAM, NAND, HBM, and enterprise SSDs, with commentary pointing to a persistent supply-demand imbalance and better-than-expected earnings over the next two fiscal years. Article Title
• Positive Sentiment: Recent news that Micron has been approved to supply HBM4 memory for AI applications reinforced its role as a key beneficiary of the AI infrastructure buildout. Article Title
• Positive Sentiment: Several pieces highlighted Micron’s breakout momentum and argued the stock could still have meaningful upside, with Wall Street targets ranging as high as $1,500 on expectations for strong gross margins and buybacks. Article Title
• Neutral Sentiment: Investors are watching Micron’s fiscal Q3 earnings due June 24, which could be a major catalyst either confirming or cooling the stock’s recent momentum. Article Title
• Negative Sentiment: Some commentary warned that Micron’s rally has been extremely extended and that the stock may be overbought, with peak-cycle risk and a potential slowdown in growth still on the radar. Article Title

Micron Technology Price Performance

Shares of MU opened at $1,020.76 on Wednesday. The firm has a market cap of $1.15 trillion, a price-to-earnings ratio of 48.19 and a beta of 2.16. The stock has a 50 day moving average of $705.11 and a 200-day moving average of $476.85. 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, Inc. has a 52 week low of $103.38 and a 52 week high of $1,110.40.

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 the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business's revenue was up 196 on a year-over-year basis. During the same quarter last year, the firm earned $1.56 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 59.23 EPS for the current year.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology 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 approximately $94,391,248.35. The trade was a 9.68% decrease in their position. 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 quarter. Insiders own 0.24% of the company's stock.

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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