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: 48,000
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
19% more repeat investments, than reductions
Existing positions increased: 649 | Existing positions reduced: 545
0.64% less ownership
Funds ownership: 78.61% [Q3] → 77.98% (-0.64%) [Q4]
2% less first-time investments, than exits
New positions opened: 222 | Existing positions closed: 227
5% less funds holding
Funds holding: 1,687 [Q3] → 1,603 (-84) [Q4]
17% less capital invested
Capital invested by funds: $90.5B [Q3] → $74.9B (-$15.6B) [Q4]
27% less call options, than puts
Call options by funds: $4.9B | Put options by funds: $6.73B
55% less funds holding in top 10
Funds holding in top 10: 64 [Q3] → 29 (-35) [Q4]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Morgan Stanley Joseph Moore 72% 1-year accuracy 43 / 60 met price target | 8%downside $91 | Equal-Weight Maintained | 28 Jan 2025 |
Barclays Tom O'Malley 53% 1-year accuracy 23 / 43 met price target | 11%upside $110 | Overweight Maintained | 20 Dec 2024 |
Piper Sandler Harsh Kumar 49% 1-year accuracy 20 / 41 met price target | 21%upside $120 | Overweight Maintained | 19 Dec 2024 |
TD Cowen Krish Sankar 50% 1-year accuracy 13 / 26 met price target | 26%upside $125 | Buy Maintained | 19 Dec 2024 |
JP Morgan Harlan Sur 48% 1-year accuracy 16 / 33 met price target | 47%upside $145 | Overweight Maintained | 19 Dec 2024 |
Financial journalist opinion
Based on 384 articles about MU published over the past 30 days
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