The ownership structure of Micron Technology indicates that insiders hold a relatively low percentage of the company's stock compared to industry standards. This suggests that there may be a potential alignment of interests between management and shareholders, as insiders typically have a vested interest in the company's long-term performance.
Institutional investors have been increasing their stakes in Micron, which reflects confidence in the company's future prospects. For example, Ameritas Advisory Services LLC has recently increased its stake, while Stonebrook Private Inc., LRI Investments LLC, John G Ullman & Associates Inc., and Cornerstone Wealth Group LLC have also expanded their holdings. These institutional investors and hedge funds now collectively own a substantial 80.84% of Micron Technology's stock.
Micron Technology specializes in memory and storage products and has shown promising financial results, with a net margin of 3.10% and a return on equity of 1.58%. The company's latest quarterly earnings exceeded expectations, with an EPS of $1.79 and revenue of $8.71 billion.
Analysts have mixed sentiments regarding Micron's stock, with varying price targets and ratings. The stock has received 25 buy ratings, one sell rating, and three hold ratings, leading to an average rating of "Moderate Buy" with a target price of $139.89.
Micron Technology's stock has experienced fluctuations, with a 12-month low of $78.63 and a high of $157.54. The company's market capitalization is $102.61 billion, and it has a relatively high level of volatility compared to the broader market.
Micron is well-positioned to capitalize on the growing demand for memory and storage products, but the semiconductor sector remains sensitive to various factors that could impact the company's performance.
In addition to institutional investments, insider trading activity has also been noteworthy. EVP April S. Arnzen recently sold a significant number of shares, which may raise questions among investors about insider sentiment.