Micron Technology
About: Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Employees: 43,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18% more repeat investments, than reductions
Existing positions increased: 701 | Existing positions reduced: 594
5.01% less ownership
Funds ownership: 80.39% [Q2] → 75.39% (-5.01%) [Q3]
5% less funds holding
Funds holding: 1,754 [Q2] → 1,662 (-92) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 76 [Q2] → 62 (-14) [Q3]
24% less call options, than puts
Call options by funds: $5.75B | Put options by funds: $7.57B
26% less capital invested
Capital invested by funds: $117B [Q2] → $86.7B (-$30.3B) [Q3]
32% less first-time investments, than exits
New positions opened: 195 | Existing positions closed: 287
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Keybanc John Vinh 51% 1-year accuracy 23 / 45 met price target | 37%upside $135 | Overweight Maintained | 8 Oct 2024 |
Cantor Fitzgerald C J Muse 46% 1-year accuracy 35 / 76 met price target | 52%upside $150 | Overweight Reiterated | 1 Oct 2024 |
Baird Tristan Gerra 21% 1-year accuracy 3 / 14 met price target | 52%upside $150 | Outperform Maintained | 27 Sept 2024 |
Rosenblatt Hans Mosesmann 64% 1-year accuracy 36 / 56 met price target | 154%upside $250 | Buy Maintained | 26 Sept 2024 |
Raymond James Srini Pajjuri 31% 1-year accuracy 9 / 29 met price target | 42%upside $140 | Outperform Maintained | 26 Sept 2024 |
Financial journalist opinion
Based on 38 articles about MU published over the past 30 days
