UBS Raises Micron Price Target Amid Sustained Chip Shortage Forecast

Despite reaching a fresh peak this week, Micron Technology’s shares faced downward pressure in Thursday’s trading, influenced by broader sector weakness rather than company-specific news. While near-term profit-taking and tech stock volatility are applying brakes, major investment firms are turning bullish, adjusting their price targets upward. The focus for these institutions is not the current pullback but the prospect of a prolonged supply crunch in the memory chip market.

Beneath the daily price swings, significant shifts are occurring in the shareholder register. Recent filings reveal that institutional investors are expanding their stakes.

• UBS Asset Management (OCONNOR): This entity purchased approximately 20,000 Micron shares during Read more...