Micron Technology, Inc. $MU Shares Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 100.1% in the first quarter, Holdings Channel reports. The firm owned 202,187 shares of the semiconductor manufacturer’s stock after acquiring an additional 101,129 shares during the period. Micron Technology comprises about 3.4% of Generate Investment Management Ltd’s holdings, making the stock its 9th biggest position. Generate Investment Management Ltd’s holdings in Micron Technology were worth $68,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ocean Park Asset Management LLC acquired a new stake in shares of Micron Technology in the first quarter worth $466,000. XML Financial LLC boosted its holdings in shares of Micron Technology by 16.2% during the 1st quarter. XML Financial LLC now owns 1,968 shares of the semiconductor manufacturer’s stock worth $665,000 after buying an additional 274 shares during the period. Clark Asset Management LLC acquired a new position in Micron Technology in the 1st quarter valued at $245,000. Capital Advisors Ltd. LLC grew its stake in Micron Technology by 10.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock valued at $83,000 after buying an additional 23 shares during the last quarter. Finally, Sterling Investment Counsel LLC raised its holdings in Micron Technology by 51.0% in the 1st quarter. Sterling Investment Counsel LLC now owns 1,214 shares of the semiconductor manufacturer’s stock worth $410,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Micron Technology from $660.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Wells Fargo & Company raised their price target on Micron Technology from $550.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Raymond James Financial lifted their price objective on Micron Technology from $530.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. DA Davidson assumed coverage on Micron Technology in a research report on Monday, May 11th. They set a “buy” rating and a $1,000.00 price objective for the company. Finally, KeyCorp increased their target price 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $974.80.

Micron Technology Stock Performance

NASDAQ MU opened at $1,211.38 on Tuesday. The company’s fifty day moving average is $763.89 and its two-hundred day moving average is $502.03. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,213.56. 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 firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 57.19 and a beta of 2.15.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the company’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 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron announced a strategic deal with Anthropic that includes memory and storage supply commitments, AI infrastructure design work, enterprise adoption of Claude, and an investment in Anthropic’s latest funding round, reinforcing Micron’s role in the AI buildout. Reuters article
• Positive Sentiment: Wall Street analysts lifted price targets ahead of earnings, including Needham’s increase to $1,550, as expectations build for sharp revenue and profit growth from AI-driven memory demand. Benzinga article
• Positive Sentiment: Momentum remains strong into the report, with Micron hitting new highs as traders position for a potentially large post-earnings move and cite continued tightness in high-bandwidth memory supply. TipRanks article
• Neutral Sentiment: Several previews say expectations are extremely high, with consensus calling for roughly quadrupled revenue and major EPS growth, which supports the stock but also leaves room for volatility if results disappoint. Invezz article
• Negative Sentiment: Some commentary warns that Micron’s rally has already priced in a lot of good news, and one analyst noted memory-chip gains may not keep rising forever amid eventual competitive pressure from China. Barron’s article

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.