ExodusPoint Capital Management LP Acquires New Stake in Micron Technology, Inc. $MU

ExodusPoint Capital Management LP acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 88,251 shares of the semiconductor manufacturer’s stock, valued at approximately $25,188,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Titan Wealth CI Ltd bought a new stake in shares of Micron Technology in the 4th quarter worth $1,027,000. Graham Capital Management L.P. increased its holdings in shares of Micron Technology by 15.3% in the 4th quarter. Graham Capital Management L.P. now owns 96,114 shares of the semiconductor manufacturer’s stock worth $27,432,000 after purchasing an additional 12,749 shares in the last quarter. Night Squared LP bought a new stake in shares of Micron Technology in the 4th quarter worth $2,026,000. Persistent Asset Partners Ltd increased its holdings in shares of Micron Technology by 46,008.3% in the 4th quarter. Persistent Asset Partners Ltd now owns 5,533 shares of the semiconductor manufacturer’s stock worth $1,579,000 after purchasing an additional 5,521 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd bought a new stake in shares of Micron Technology in the 4th quarter worth $7,800,000. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson assumed coverage on Micron Technology in a report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price for the company. Wells Fargo & Company lifted their target price on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Susquehanna lifted their target price on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Summit Insights lowered Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $788.13.

Micron Technology Stock Performance

MU stock opened at $1,020.76 on Wednesday. The company has a market cap of $1.15 trillion, a P/E ratio of 48.19 and a beta of 2.16. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,110.40. 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 stock’s fifty day moving average price is $705.11 and its 200-day moving average price is $476.85.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s revenue for the quarter was up 196 on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current year.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Wall Street sentiment remains upbeat, with multiple firms raising price targets and TD Cowen lifting its target to $1,500 on expectations that AI-driven memory demand will keep pricing strong through 2027. Micron Rallies as TD Cowen Lifts Price Target 127% Ahead of Earnings
• Positive Sentiment: Micron was reported to have been approved to supply HBM4 memory to Nvidia, reinforcing its role as a key AI memory supplier and supporting the long-term growth story. Micron Technology Inc (MU) Gets Nvidia Nod For AI Memory Supply
• Positive Sentiment: Several reports highlighted continued breakout momentum, memory-chip shortages, and strong demand for high-bandwidth memory, all of which have been driving Micron’s recent surge. Stock Of The Day: Did Micron Technology Break Out Again?
• Neutral Sentiment: Micron is approaching its fiscal Q3 earnings report on June 24, and options traders are pricing in a large swing, showing that expectations are elevated and volatility may stay high. Micron (MU) Q3 Earnings on Deck – Options Traders Brace for a 17.6% Price Swing
• Neutral Sentiment: Some analysts and commentary warned the stock is increasingly overbought after its massive year-to-date run, suggesting the latest weakness may reflect a valuation pause rather than a change in fundamentals. Micron stock turns most overbought in 30 years: Time to sell?
• Negative Sentiment: One recent market note said Micron fell more sharply than the broader market in the latest session, indicating some near-term selling pressure and profit-taking after the stock’s huge move higher. Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Transactions at Micron Technology

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 value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. Corporate 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.