Fosun International Ltd Invests $257,000 in Micron Technology, Inc. $MU

Fosun International Ltd bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 900 shares of the semiconductor manufacturer’s stock, valued at approximately $257,000.

Other institutional investors have also modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of Micron Technology during the third quarter worth approximately $25,000. High Note Wealth LLC boosted its stake 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 in the last quarter. Elevation Wealth Partners LLC boosted its stake 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 in the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake 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 in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake 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 in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron continues to benefit from strong AI and high-bandwidth memory demand, with multiple recent articles highlighting bullish analyst upgrades, rising price targets, and long-term supply agreements that could support earnings and margins. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Positive Sentiment: Micron’s huge year-to-date run and recent record highs have drawn attention from traders and strategists who argue the stock may still have upside because memory supply remains tight. Strategist Defends Semiconductor Rally Despite Bubble Fears
• Neutral Sentiment: Recent coverage also notes unusually high trading interest in Micron-linked ETFs and leveraged products, reflecting speculation and momentum rather than a change in fundamentals. Investor Turned $258K to $3M This Year Using This Micron ETF
• Negative Sentiment: Today’s decline appears tied to a broader semiconductor selloff after Broadcom’s weaker AI outlook raised concerns that AI spending growth may be normalizing, not accelerating indefinitely. Why Is Micron Stock Falling Today? A New Warning Points to an Early Peak.
• Negative Sentiment: Some analysts are warning that memory-chip prices may be nearing a peak, which could limit upside if supply improves or pricing power weakens after the recent surge. Micron Stock Drops, Brace for the Memory-Price Peak

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. UBS Group increased their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. DA Davidson initiated coverage on shares of Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price objective on the stock. Finally, Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. Five 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $641.97.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’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 completion of the sale, the executive vice president 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 ownership of the stock. 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 146,000 shares of company stock valued at $85,486,715 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Micron Technology Price Performance

Shares of MU opened at $996.00 on Friday. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 47.03 and a beta of 2.16. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,089.29. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $607.64 and a two-hundred day moving average of $434.99.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. Micron Technology’s revenue was up 196 compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share. As a group, analysts predict that Micron Technology, Inc. will post 58.62 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s payout ratio is 2.83%.

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.