Hayek Kallen Investment Management Takes Position in Micron Technology, Inc. $MU

Hayek Kallen Investment Management acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 757 shares of the semiconductor manufacturer’s stock, valued at approximately $216,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp grew its stake in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Capital International Investors grew its stake in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares in the last quarter. Norges Bank acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Finally, Morgan Stanley raised its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated 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 owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Erste Group Bank cut shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Wedbush lifted their price target on shares of Micron Technology from $500.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup boosted their price target on shares of Micron Technology from $840.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, TD Cowen raised their price objective on Micron Technology from $660.00 to $1,500.00 and gave the company a “buy” rating in a report on Monday, June 15th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $913.47.

Key Headlines Impacting Micron Technology

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

Micron Technology Price Performance

NASDAQ:MU opened at $1,133.99 on Friday. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,149.43. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $748.09 and a 200 day simple moving average of $493.40. The stock has a market capitalization of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The firm’s revenue for the quarter was up 196 on a year-over-year basis. On average, research analysts expect that Micron Technology, Inc. will post 59.57 EPS for the current fiscal year.

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.