Micron Technology (NASDAQ:MU) Maintains "Buy" Rating and Sees Price Target Increase

Core Viewpoint - Deutsche Bank maintains a "Buy" rating for Micron Technology, raising its price target from $300 to $500, indicating strong confidence in the company's future performance [1][5] Group 1: Institutional Investment - Roman Butler Fullerton & Co. recently invested in Micron, acquiring 1,404 shares valued at approximately $235,000, reflecting a trend of increasing institutional investment [2] - Vanguard Group Inc. increased its holdings by 1.9% in the second quarter, now owning over 103 million shares valued at $12.8 billion [2] - State Street Corp expanded its stake by 2.7%, holding over 51 million shares worth approximately $6.3 billion [2] Group 2: Stock Performance - The current stock price of Micron is approximately $380.53, reflecting a slight decrease of about 0.78% or $2.97 [3] - During the trading day, the stock fluctuated between a low of $366.06 and a high of $382.16, showcasing significant volatility [3] - Over the past year, Micron has experienced a high of $455.50 and a low of $61.54, indicating the dynamic nature of the semiconductor market [3] Group 3: Market Capitalization and Trading Volume - Micron's market capitalization stands at approximately $428.29 billion, reflecting its substantial presence in the industry [4] - The trading volume for Micron is 11.56 million shares on the NASDAQ exchange, indicating active investor interest [4] - These figures underscore the company's importance and the confidence investors have in its growth potential [4]