Bluedoor Private Wealth LLC Takes Position in Micron Technology, Inc. $MU

Bluedoor Private Wealth LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, Holdings Channel reports. The firm acquired 830 shares of the semiconductor manufacturer’s stock, valued at approximately $237,000.

Several other institutional investors have also recently made changes to their positions in MU. High Note Wealth LLC raised its holdings in shares of Micron Technology by 65.4% during 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 period. Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% during the fourth 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 during the period. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% during the fourth 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 during the period. GHP Investment Advisors Inc. raised its holdings in shares of Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Finally, Joseph Group Capital Management acquired a new position in shares of Micron Technology during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna upped their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a report on Friday, May 29th. Wolfe Research boosted their target price on shares of Micron Technology from $550.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Sanford C. Bernstein boosted their target price on shares of Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. 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. Finally, Melius Research began coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Micron Technology has an average rating of “Buy” and a consensus target price of $788.13.

Micron Technology Stock Down 6.2%

Micron Technology stock opened at $1,020.76 on Wednesday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,110.40. The firm has a 50 day moving average price of $705.11 and a 200-day moving average price of $476.85. The company has a market capitalization of $1.15 trillion, a P/E ratio of 48.19 and a beta of 2.16. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the prior year, the firm earned $1.56 EPS. The company’s revenue was up 196 compared to the same quarter last year. As a group, equities analysts predict that Micron Technology, Inc. will post 59.23 EPS for the current year.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple firms raising price targets and TD Cowen lifting its target to $1,500 on expectations that AI-driven memory demand will keep pricing strong through 2027. Micron Rallies as TD Cowen Lifts Price Target 127% Ahead of Earnings
• Positive Sentiment: Micron was reported to have been approved to supply HBM4 memory to Nvidia, reinforcing its role as a key AI memory supplier and supporting the long-term growth story. Micron Technology Inc (MU) Gets Nvidia Nod For AI Memory Supply
• Positive Sentiment: Several reports highlighted continued breakout momentum, memory-chip shortages, and strong demand for high-bandwidth memory, all of which have been driving Micron’s recent surge. Stock Of The Day: Did Micron Technology Break Out Again?
• Neutral Sentiment: Micron is approaching its fiscal Q3 earnings report on June 24, and options traders are pricing in a large swing, showing that expectations are elevated and volatility may stay high. Micron (MU) Q3 Earnings on Deck – Options Traders Brace for a 17.6% Price Swing
• Neutral Sentiment: Some analysts and commentary warned the stock is increasingly overbought after its massive year-to-date run, suggesting the latest weakness may reflect a valuation pause rather than a change in fundamentals. Micron stock turns most overbought in 30 years: Time to sell?
• Negative Sentiment: One recent market note said Micron fell more sharply than the broader market in the latest session, indicating some near-term selling pressure and profit-taking after the stock’s huge move higher. Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Buying and Selling at Micron Technology

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 shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by corporate insiders.

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.