Micron TechnologyMU
Market Cap: $95.7B
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 Q2 SEC filings by fund managers ($100M+ AUM)
75% more first-time investments, than exits
New positions opened: 245 | Existing positions closed: 140
17% more repeat investments, than reductions
Existing positions increased: 701 | Existing positions reduced: 598
9% more capital invested
Capital invested by funds: $105B [Q1] → $115B (+$9.21B) [Q2]
6% more funds holding
Funds holding: 1,623 [Q1] → 1,728 (+105) [Q2]
6% more call options, than puts
Call options by funds: $7.33B | Put options by funds: $6.93B
2.16% less ownership
Funds ownership: 80.89% [Q1] → 78.74% (-2.16%) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 88 [Q1] → 76 (-12) [Q2]
Research analyst outlook
25 Wall Street Analysts provided 1 year price targets over the past 3 months
25 analyst ratings
Needham Quinn Bolton 34% 1-year accuracy 44 / 130 met price target | 62%upside $140 | Buy Maintained | 26 Aug 2024 |
Susquehanna Mehdi Hosseini 36% 1-year accuracy 14 / 39 met price target | 103%upside $175 | Positive Maintained | 22 Aug 2024 |
Keybanc John Vinh 56% 1-year accuracy 38 / 68 met price target | 68%upside $145 | Overweight Maintained | 6 Aug 2024 |
Keybanc John Vinh 56% 1-year accuracy 38 / 68 met price target | 91%upside $165 | Overweight Maintained | 9 Jul 2024 |
UBS Timothy Arcuri 55% 1-year accuracy 16 / 29 met price target | 77%upside $153 | Buy Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 47 articles about MU published over the past 30 days