Micron Technology’s (MU) stock dropped around 16% after the company provided a weaker-than-expected outlook for the second quarter. The chipmaker projects adjusted earnings of $1.33 to $1.53 per share, missing the $1.92 estimate, and expects revenue between $7.7 billion and $8.1 billion, well below the $8.99 billion estimate. Consequently, several analysts have lowered their price targets for Micron, though they have maintained their “Buy” ratings, citing strong first-quarter FY25 results. They note that, despite ongoing near-term challenges, Micron is well-positioned to capitalize on market expansion opportunities arising from data center investments in 2025.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
In light of these developments, it’s the right time to delve into the ownership structure of MU.
Now, according to TipRanks’ ownership page, public companies and individual investors own 31.72% of MU. They are followed by ETFs, other mutual funds, institutional investors, and insiders at 25.33%, 24.75%, 17.90%, and 0.30%, respectively.
Digging Deeper into MU’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in MU at 7.89%. Next up is Vanguard Index Funds, which holds a 6.72% stake in the company.
Among the top ETF holders, Vanguard Total Stock Market ETF (VTI) owns a 3.14% stake in Micron stock, followed by Vanguard S&P 500 ETF (VOO) with a 2.64% stake.
Moving to Mutual funds, Vanguard Index Funds holds about 6.72% of MU, whereas Vanguard Chester Funds owns 2.13% of the stock.
Is MU a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on MU stock based on 23 Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. The average MU price target of $153.05 per share implies 75.7% upside potential.
Conclusion
TipRanks’ Ownership Tab provides valuable insights into the category-wise ownership structure of the company, enabling investors to make well-informed investment decisions.
