This afternoon we watched Micron Technology drop -3.2% to a price of $94.28 per share. The Large-Cap Semiconductors company is now trading -5.38% below its average target price of $99.64. Analysts have set target prices ranging from $42.43 to $140.0 per share for Micron Technology, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 1.57. The company's insiders own 0.29% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 85.2% of Micron Technology's shares being owned by this investor type.
Institutions Invested in Micron Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 94,984,775 | $8,954,689,808 |
| 2023-12-31 | Blackrock Inc. | 8% | 84,985,597 | $8,012,017,286 |
| 2023-12-31 | State Street Corporation | 4% | 45,463,848 | $4,286,104,339 |
| 2023-12-31 | Primecap Management Company | 3% | 37,491,511 | $3,534,512,256 |
| 2023-12-31 | Capital Research Global Investors | 3% | 28,770,957 | $2,712,382,015 |
| 2023-12-31 | FMR, LLC | 2% | 26,767,605 | $2,523,516,002 |
| 2023-12-31 | Sanders Capital, LLC | 2% | 22,583,348 | $2,129,045,167 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 21,537,914 | $2,030,486,875 |
| 2023-12-31 | Capital World Investors | 2% | 21,348,227 | $2,012,604,132 |
| 2023-12-31 | Wellington Management Group, LLP | 2% | 16,763,607 | $1,580,389,075 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Micron Technology.
