BlueSky Wealth Advisors LLC Purchases Shares of 776 Micron Technology, Inc. $MU

BlueSky Wealth Advisors LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 776 shares of the semiconductor manufacturer’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Founders Financial Securities LLC bought a new position in Micron Technology during the 1st quarter valued at about $165,000. RFG Holdings Inc. bought a new stake in Micron Technology during the first quarter worth about $1,385,000. Thompson Davis & CO. Inc. increased its holdings in shares of Micron Technology by 31.2% during the first quarter. Thompson Davis & CO. Inc. now owns 1,494 shares of the semiconductor manufacturer’s stock worth $505,000 after buying an additional 355 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Micron Technology by 711.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 11,379 shares of the semiconductor manufacturer’s stock worth $3,844,000 after buying an additional 9,976 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of Micron Technology during the first quarter worth approximately $3,489,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,133.99 on Friday. 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 cap of $1.28 trillion, a P/E ratio of 53.54 and a beta of 2.16. The firm has a 50 day simple moving average of $748.09 and a 200 day simple moving average of $493.40. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,149.43.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $19.97 billion. During the same quarter in the previous year, the company posted $1.56 EPS. Micron Technology’s revenue was up 196 on a year-over-year basis. Sell-side analysts predict that Micron Technology, Inc. will post 61.51 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MU. Wells Fargo & Company boosted their target price on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Morgan Stanley raised their price target on Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. KeyCorp lifted their price objective on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Rosenblatt Securities boosted 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. Finally, Cantor Fitzgerald increased their target price on Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Five investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $913.47.

Micron Technology News Roundup

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

About Micron Technology

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.