TLDR
- Micron director Teyin Liu acquired 23,200 shares totaling $7.8M at prices from $336.63 to $337.50
- The purchase increased Liu’s direct ownership to 25,910 shares
- Barclays, Wells Fargo, and Citi elevated their MU price targets on Wednesday
- Strong TSMC quarterly results boosted the semiconductor sector
- MU stock rose 1% after-hours Thursday and jumped over 6% in Friday’s pre-market
A Micron Technology director made a multimillion-dollar investment in company stock. Teyin Liu purchased 23,200 shares for $7.8 million total.
The transactions occurred at prices ranging from $336.63 to $337.50. Liu’s direct holdings now total 25,910 shares.
Thursday’s after-hours session saw shares gain 1%. The positive momentum accelerated into Friday morning.
Pre-market trading revealed even stronger interest. The stock climbed more than 6% before the opening bell.
Analyst Community Shows Confidence
Major Wall Street firms revised their outlook Wednesday. Barclays, Wells Fargo, and Citi all boosted their price targets.
Each firm cited improved prospects for the memory chip manufacturer. The upgrades suggested analysts see room for further appreciation.
Liu’s purchase followed these target increases by just days. The pattern caught market attention.
Directors typically buy shares when they believe in growth potential. An $7.8 million commitment signals strong conviction.
The purchases averaged around $337 per share. Liu executed the buys across a narrow price band.
Sector Tailwinds Emerge
TSMC reported quarterly earnings that topped expectations. The foundry giant’s results energized semiconductor stocks broadly.
Chip manufacturers rallied on the news. Micron participated in this sector-wide strength.
Multiple positive catalysts converged for the stock. Insider activity, analyst revisions, and peer performance aligned.
Friday’s pre-market action reflected this combination. The 6% gain showed investor enthusiasm.
Regulatory filings revealed Liu’s transactions publicly. Directors must disclose such purchases under SEC rules.
His ownership position now reflects meaningful exposure. The 25,910 shares represent a substantial stake.
Wells Fargo analysts joined their peers in raising targets. The firm maintains active coverage of memory chip makers.
Barclays and Citi made parallel moves. All three banks see upside from current price levels.
The sequence of events created buying pressure. Upgrades preceded the insider purchase disclosure.
Market participants often view director purchases favorably. Such moves can signal inside confidence about future performance.
Liu’s buys came at consistent prices near $337. The tight range suggests planned accumulation.
Thursday’s after-hours bump preceded Friday’s larger move. Momentum built as news spread.
TSMC’s earnings beat provided sector context. The positive results lifted related stocks.
Micron outperformed many chip peers Friday morning. The 6% pre-market gain exceeded broader sector moves.
The stock traded higher than Liu’s purchase prices. Friday’s pre-market levels topped the $336.63 to $337.50 range where he bought shares.
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