Micron Shares Rise 2.76% with $1.59B Trading Volume (Rank 41) as Institutions Add 2.3% Stake Despite Executive Sales and Volatility Analysts Hike Targets to $146.44 Amid Sector Momentum

Micron Technology (MU) rose 2.76% on August 4, with a trading volume of $1.59 billion, ranking 41st in the market. Institutional investors, including Blair William & Co., increased their holdings by 2.3%, now owning 307,150 shares valued at $26.7 million, while other funds like Roxbury Financial and AllSquare Wealth Management significantly boosted their stakes. The company reported Q2 earnings of $1.91 per share, exceeding estimates, alongside $9.3 billion in revenue. Analysts from Cantor Fitzgerald, Rosenblatt Securities, and Deutsche Bank upgraded their price targets, with a consensus of $146.44 and a "Moderate Buy" rating. However, insider sales by executives, including EVP Scott Deboer and CFO Mark Murphy, reduced their holdings by 9.69% and 11.41%, respectively, totaling $34.7 million in shares sold over 90 days.

The stock’s performance was supported by broader market optimism amid expectations of a 90% probability of a Fed rate cut in September. Semiconductor peers, including AMD and Broadcom, also gained traction, reflecting sector-wide momentum. Despite strong earnings and analyst optimism, insider selling and elevated market volatility highlight mixed sentiment. Institutional ownership remains concentrated, with 80.84% of shares held by institutions, while insiders own 0.30%. The stock’s beta of 1.37 underscores its sensitivity to market swings, aligning with its recent trading pattern.

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