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

Clark Asset Management LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 726 shares of the semiconductor manufacturer’s stock, valued at approximately $245,000.

Other large investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its holdings in Micron Technology by 10.3% during the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock worth $83,000 after buying an additional 23 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after buying an additional 24 shares in the last quarter. SWAN Capital LLC increased its holdings in Micron Technology by 9.7% in the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after buying an additional 24 shares in the last quarter. Vivaldi Capital Management LP lifted its position in shares of Micron Technology by 1.2% during the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after acquiring an additional 24 shares during the period. Finally, Round Rock Advisors LLC lifted its position in shares of Micron Technology by 0.6% during the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 40,000 shares of the firm’s 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 in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is owned by company insiders.

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

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 P/E ratio of 57.19 and a beta of 2.15. 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. The company has a 50 day moving average price of $763.89 and a two-hundred day moving average price of $502.03.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price target on Micron Technology from $500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday. Rosenblatt Securities lifted their price objective on Micron Technology from $600.00 to $1,200.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush boosted their target price on Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. DA Davidson initiated coverage on Micron Technology in a research report on Monday, May 11th. They set a “buy” rating and a $1,000.00 target price on the stock. Finally, Melius Research initiated coverage on Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 target price on the stock. 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 company’s stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $974.80.

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.