KRS Capital Management LLC Sells 510 Shares of Micron Technology, Inc. $MU

KRS Capital Management LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,941 shares of the semiconductor manufacturer’s stock after selling 510 shares during the quarter. Micron Technology comprises about 1.2% of KRS Capital Management LLC’s holdings, making the stock its 13th largest position. KRS Capital Management LLC’s holdings in Micron Technology were worth $2,007,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Heritage Trust Co lifted its position in 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 during the last quarter. Westpac Banking Corp increased its holdings in shares of Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after buying an additional 16,509 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Micron Technology by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Micron Technology by 79.1% during 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 in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of Micron Technology during the 4th quarter valued at $1,316,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

MU stock opened at $1,133.99 on Friday. 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 $1,149.43. The firm’s fifty day moving average is $748.09 and its 200 day moving average is $493.40. The firm has a market cap of $1.28 trillion, a P/E 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 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue was up 196 compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. Research analysts predict that Micron Technology, Inc. will post 61.51 earnings per share for the current year.

Micron Technology News Summary

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

Analyst Ratings Changes

A number of research firms have recently issued reports on MU. Rosenblatt Securities lifted their price objective on shares of Micron Technology from $600.00 to $1,200.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen increased their target price on Micron Technology from $660.00 to $1,500.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Wolfe Research upped their price objective on Micron Technology from $550.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Five 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $913.47.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction dated 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 trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, 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.