Taikang Asset Management Hong Kong Co Ltd Makes New Investment in Micron Technology, Inc. $MU

Taikang Asset Management Hong Kong Co Ltd purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,329 shares of the semiconductor manufacturer’s stock, valued at approximately $7,800,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 52 shares during the period. Finally, Joseph Group Capital Management acquired a new position in Micron Technology in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MU. Morgan Stanley boosted their target price on Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wedbush raised their target price on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Susquehanna upped their price target on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Finally, Stifel Nicolaus increased their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. 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 company’s stock. According to data from MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus price target of $788.13.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the 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 transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last three months. 0.24% of the stock is owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: TD Cowen and other analysts raised price targets sharply, with several firms arguing that AI-driven memory demand could support pricing strength into 2027 and leave significant upside even after Micron’s huge run. Article Title
• Positive Sentiment: Micron is benefiting from strong demand for DRAM, NAND, HBM, and enterprise SSDs, with commentary pointing to a persistent supply-demand imbalance and better-than-expected earnings over the next two fiscal years. Article Title
• Positive Sentiment: Recent news that Micron has been approved to supply HBM4 memory for AI applications reinforced its role as a key beneficiary of the AI infrastructure buildout. Article Title
• Positive Sentiment: Several pieces highlighted Micron’s breakout momentum and argued the stock could still have meaningful upside, with Wall Street targets ranging as high as $1,500 on expectations for strong gross margins and buybacks. Article Title
• Neutral Sentiment: Investors are watching Micron’s fiscal Q3 earnings due June 24, which could be a major catalyst either confirming or cooling the stock’s recent momentum. Article Title
• Negative Sentiment: Some commentary warned that Micron’s rally has been extremely extended and that the stock may be overbought, with peak-cycle risk and a potential slowdown in growth still on the radar. Article Title

Micron Technology Price Performance

Shares of NASDAQ MU opened at $1,020.76 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,110.40. The business has a 50 day moving average price of $705.11 and a two-hundred day moving average price of $476.85. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.15 trillion, a PE ratio of 48.19 and a beta of 2.16.

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

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.