This afternoon we watched Micron Technology rise 4.3% to a price of $102.5 per share. The Large-Cap Semiconductors company is now trading -29.75% below its average target price of $145.92. Analysts have set target prices ranging from $70.0 to $250.0 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 3.0%, and a short ratio of 2.09. 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 80.8% of Micron Technology's shares being owned by this investor type.
Institutions Invested in Micron Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 98,969,118 | $10,144,334,595 |
| 2024-09-30 | Blackrock Inc. | 8% | 94,458,421 | $9,681,988,152 |
| 2024-09-30 | State Street Corporation | 4% | 48,226,710 | $4,943,237,775 |
| 2024-09-30 | Primecap Management Company | 3% | 37,631,860 | $3,857,265,650 |
| 2024-09-30 | FMR, LLC | 3% | 35,423,121 | $3,630,869,902 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 34,004,060 | $3,485,416,150 |
| 2024-09-30 | Capital World Investors | 2% | 25,103,355 | $2,573,093,887 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 23,723,545 | $2,431,663,362 |
| 2024-09-30 | Morgan Stanley | 2% | 18,330,864 | $1,878,913,560 |
| 2024-09-30 | Bank of America Corporation | 1% | 13,738,923 | $1,408,239,607 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Micron Technology.
