Cache Advisors LLC Takes $657,000 Position in Micron Technology, Inc. $MU

Cache Advisors LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,945 shares of the semiconductor manufacturer’s stock, valued at approximately $657,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. grew its stake in Micron Technology by 4.9% in the first quarter. Richards Merrill & Peterson Inc. now owns 6,273 shares of the semiconductor manufacturer’s stock valued at $2,119,000 after acquiring an additional 295 shares during the period. New Covenant Trust Company N.A. raised its position in shares of Micron Technology by 35.1% during the first quarter. New Covenant Trust Company N.A. now owns 1,016 shares of the semiconductor manufacturer’s stock worth $343,000 after purchasing an additional 264 shares during the period. Vermillion Wealth Management Inc. lifted its holdings in shares of Micron Technology by 45.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 338 shares of the semiconductor manufacturer’s stock valued at $114,000 after purchasing an additional 105 shares in the last quarter. Krilogy Financial LLC lifted its holdings in shares of Micron Technology by 19.4% during the 1st quarter. Krilogy Financial LLC now owns 43,343 shares of the semiconductor manufacturer’s stock valued at $14,643,000 after purchasing an additional 7,054 shares in the last quarter. Finally, WealthBridge Capital Management LLC grew its position in shares of Micron Technology by 2.8% in the 1st quarter. WealthBridge Capital Management LLC now owns 1,850 shares of the semiconductor manufacturer’s stock valued at $625,000 after purchasing an additional 50 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

NASDAQ MU opened at $1,051.77 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,213.56. The company has a market capitalization of $1.19 trillion, a PE ratio of 49.66 and a beta of 2.16. The firm’s 50 day moving average is $776.51 and its 200-day moving average is $507.79.

Key Micron Technology News

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

• Positive Sentiment: Micron announced a strategic AI infrastructure agreement with Anthropic that includes memory and storage supply, AI architecture collaboration, enterprise use of Claude, and an investment in Anthropic’s funding round. Reuters article
• Positive Sentiment: Several Wall Street firms raised price targets on Micron, signaling continued confidence in AI-driven memory demand and earnings upside. Benzinga analyst update
• Neutral Sentiment: Investors are positioning for a potentially large post-earnings move, with options markets pricing in elevated volatility heading into the Q3 report. TipRanks article
• Negative Sentiment: Micron was caught in a broad tech and memory-stock selloff as traders questioned whether massive AI capex spending will translate into sufficient returns. LA Times article
• Negative Sentiment: South Korea’s KOSPI plunge and weakness in SK Hynix and Samsung Electronics added pressure on Micron, reinforcing fears that memory-chip enthusiasm may be overheating. Barron’s article

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Micron Technology from $525.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Citigroup lifted their price target on shares of Micron Technology from $840.00 to $1,200.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Morgan Stanley upped their price target on shares of Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research report on Monday. Finally, Barclays raised their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,008.13.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 146,000 shares of company stock worth $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.