Lake Street Private Wealth LLC raised its stake in Micron Technology (NASDAQ:MU) by 43.4% in the third quarter, to 4,352 shares worth $4,635,000, according to its 13F filing. The article notes moves by other institutional investors, including Denali Advisors, Castleark Management, Oppenheimer & Co., Legacy Wealth Management and Franklin Street Advisors, and says institutions and hedge funds hold 80.84% of the stock. MU opened at $877.55, with a market capitalization of $992.88 billion, a P/E ratio of 11.83, and a one-year range of $192.59 to $1,255.00. Micron reported quarterly EPS of $33.42 versus $31.77 expected and revenue of $54.23 billion versus $51.33 billion, and declared a $0.15 quarterly dividend. The analysts’ consensus rating is “Moderate Buy” with a consensus target price of $1,407.88, and CEO Sanjay Mehrotra sold 40,000 shares at an average of $968.90.
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Original headline: Micron Technology , Inc . $MU Holdings Raised by Lake Street Private Wealth LLC
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Lake Street Private Wealth LLC raised its stake in Micron Technology (NASDAQ:MU) by 43.4% in the third quarter, to 4,352 shares worth $4,635,000, according to its 13F filing. MU opened at $877.55 on Friday, below its 12-month high of $1,255.00, with a market capitalization of $992.88 billion. For the latest quarter, Micron reported EPS of $33.42 versus a $31.77 consensus and revenue of $54.23 billion versus $51.33 billion, up 379.1% year over year. Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating, while the filings show extensive insider selling.
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