KRS Capital Management LLC Cuts Stake in Micron Technology, Inc. $MU

KRS Capital Management LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,941 shares of the semiconductor manufacturer’s stock after selling 510 shares during the quarter. Micron Technology makes up approximately 1.2% of KRS Capital Management LLC’s portfolio, making the stock its 13th largest holding. KRS Capital Management LLC’s holdings in Micron Technology were worth $2,007,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MU. High Note Wealth LLC raised its position in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Bayban purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $29,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Melius Research began coverage on Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective on the stock. Wells Fargo & Company raised their target price on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $1,000.00 to $1,500.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson began coverage on Micron Technology in a research report on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target on the stock. Finally, TD Cowen upped their price target on Micron Technology from $660.00 to $1,500.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $913.47.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,133.99 on Friday. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,149.43. The business has a 50-day simple moving average of $748.09 and a two-hundred day simple moving average of $493.40. 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 market cap of $1.28 trillion, a P/E ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last posted 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 return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 196 compared to the same quarter last year. Research analysts anticipate that Micron Technology, Inc. will post 61.51 earnings per share for the current fiscal year.

Insider Activity

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 owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 146,000 shares of company stock valued at $85,486,715. Corporate insiders own 0.24% of the company’s stock.

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.