Brookstone Capital Management Has $13.05 Million Stake in Micron Technology, Inc. $MU

Brookstone Capital Management boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,621 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,361 shares during the quarter. Brookstone Capital Management’s holdings in Micron Technology were worth $13,048,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MU. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of Micron Technology in the 1st quarter valued at about $790,000. jvl associates llc bought a new position in Micron Technology during the first quarter worth about $200,000. Lee Johnson Capital Management LLC grew its holdings in Micron Technology by 1,012.5% during the first quarter. Lee Johnson Capital Management LLC now owns 11,125 shares of the semiconductor manufacturer’s stock worth $3,758,000 after purchasing an additional 10,125 shares during the period. Tactive Advisors LLC increased its position in Micron Technology by 7.8% during the first quarter. Tactive Advisors LLC now owns 2,475 shares of the semiconductor manufacturer’s stock worth $836,000 after buying an additional 179 shares during the last quarter. Finally, Evolve Private Wealth LLC increased its position in Micron Technology by 78.0% during the first quarter. Evolve Private Wealth LLC now owns 16,252 shares of the semiconductor manufacturer’s stock worth $5,491,000 after buying an additional 7,121 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MU. Raymond James Financial raised their price objective on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Wedbush increased their price objective on shares of Micron Technology from $500.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. 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 target price for the company. Finally, Cantor Fitzgerald upped their price target on shares of Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average target price of $974.80.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,211.38 on Tuesday. The stock has a market capitalization of $1.37 trillion, a PE ratio of 57.19 and a beta of 2.15. 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 business has a fifty day moving average price of $763.89 and a two-hundred day moving average price of $502.03. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,213.56.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 over the last three months. Company 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.