Clark Asset Management LLC Makes New Investment in Micron Technology, Inc. $MU

Clark Asset Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 726 shares of the semiconductor manufacturer’s stock, valued at approximately $245,000.

Other large investors have also modified their holdings of the company. Heritage Trust Co lifted its holdings in shares of Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares during the last quarter. Westpac Banking Corp grew its stake in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after buying an additional 16,509 shares during the last quarter. Wellington Management Group LLP grew its stake in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the last quarter. Fulton Bank N.A. grew its stake in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock worth $4,619,000 after buying an additional 7,147 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the fourth quarter worth approximately $1,316,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More 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

Insider Activity

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction that occurred on 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 owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following 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 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. Over the last ninety days, insiders sold 146,000 shares of company stock valued at $85,486,715. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MU shares. Rosenblatt Securities increased their price objective on Micron Technology from $600.00 to $1,200.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen lifted their target price on shares of Micron Technology from $660.00 to $1,500.00 and gave the company a “buy” rating in a report on Monday, June 15th. Wells Fargo & Company lifted their target price on shares of Micron Technology from $550.00 to $1,220.00 and gave the company an “overweight” rating in a report on Monday, June 8th. JPMorgan Chase & Co. upped their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, 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 target for the company. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $974.80.

Micron Technology Stock Up 6.8%

MU stock 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 fifty day moving average of $763.89 and a 200-day moving average of $502.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,213.56.

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.