Brookstone Capital Management Acquires 4,361 Shares of Micron Technology, Inc. $MU

Brookstone Capital Management lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,621 shares of the semiconductor manufacturer’s stock after buying an additional 4,361 shares during the period. Brookstone Capital Management’s holdings in Micron Technology were worth $13,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Heritage Trust Co boosted its stake in shares of Micron Technology by 9.7% during the fourth 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 in the last quarter. Westpac Banking Corp increased its stake in shares of Micron Technology by 251.0% in the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after buying an additional 16,509 shares during the period. Wellington Management Group LLP increased its stake in shares of Micron Technology by 19.9% in the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock valued at $1,196,427,000 after buying an additional 1,188,296 shares during the period. Fulton Bank N.A. raised its holdings in Micron Technology by 79.1% in the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock valued at $4,619,000 after buying an additional 7,147 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in Micron Technology in the 4th quarter valued at approximately $1,316,000. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MU shares. Melius Research began coverage on shares of Micron Technology in a research report on Monday, April 27th. They issued a “buy” rating and a $700.00 price target for the company. Royal Bank Of Canada raised their price target on shares of Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. The Goldman Sachs Group lifted their price target on shares of Micron Technology from $400.00 to $900.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Wedbush boosted their price objective on shares of Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $1,000.00 to $1,500.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Five investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $974.80.

Micron Technology Stock Up 6.8%

Micron Technology stock opened at $1,211.38 on Tuesday. 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 52-week low of $103.38 and a 52-week high of $1,213.56. The firm has a 50 day moving average price of $763.89 and a two-hundred day moving average price of $502.03. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 57.19 and a beta of 2.15.

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 news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The shares were 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 directly owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was 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 trade represents a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 146,000 shares of company stock valued at $85,486,715. Company insiders own 0.24% of the company’s stock.

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.