TLDR
- Teyin Liu, Micron director, bought 23,200 shares for $7.8M between $336.63 and $337.50 per share
- Liu’s total ownership increased to 25,910 shares following the transactions
- Three investment banks raised MU price targets Wednesday: Barclays, Wells Fargo, Citi
- TSMC’s better-than-expected earnings lifted semiconductor stocks across the board
- MU gained 1% after-hours Thursday and rallied over 6% in Friday pre-market trading
Micron Technology received a vote of confidence from inside the company. Director Teyin Liu purchased 23,200 shares worth $7.8 million.
The buys happened at prices between $336.63 and $337.50. Liu now owns 25,910 shares directly.
Shares gained 1% in Thursday’s extended trading session. The rally continued into Friday morning.
Pre-market data showed the stock up more than 6%. Trading activity suggested strong buying interest.
Banks Upgrade Their Outlook
Three prominent Wall Street firms updated their views Wednesday. Barclays, Wells Fargo, and Citi raised their price targets for the memory chip maker.
The analysts pointed to improving fundamentals. Their revised forecasts implied meaningful upside potential.
Liu’s purchase came shortly after these upgrades. The timing raised eyebrows among market watchers.
An $7.8 million stock purchase represents serious money. Directors usually buy when they see value ahead.
The buys occurred within a tight price window. Liu’s execution suggested deliberate positioning.
Semiconductor Sector Catches Fire
TSMC posted quarterly results that beat analyst estimates. The Taiwan-based chip manufacturer’s performance boosted the entire sector.
Other semiconductor companies rallied on the news. Micron rode the wave of positive sentiment.
Several factors combined to push the stock higher. Insider buying, analyst upgrades, and peer strength converged.
Friday’s pre-market surge reflected this perfect storm. The 6% gain drew attention from traders.
SEC filings made Liu’s purchases public. Company insiders must report transactions within specific timeframes.
His stake now totals 25,910 shares. That position gives him real skin in the game.
Wells Fargo’s analysts increased their target. The bank follows chip stocks closely.
Barclays and Citi moved in lockstep. All three see more room to run.
These upgrades arrived days before Liu’s purchase disclosure. Some investors noticed the sequence.
Director purchases often move markets. They can signal confidence not visible to outside observers.
Liu bought at an average price near $337. The stock has since traded higher.
Thursday evening’s gain proved just the start. Friday morning brought accelerated momentum.
TSMC’s strong quarter validated sector optimism. The results demonstrated healthy demand conditions.
Micron led chip stocks Friday morning. Its 6% pre-market gain topped most competitors.
The stock price exceeded Liu’s purchase range. Friday’s pre-market levels cleared the $336.63 to $337.50 zone where he accumulated shares.
Three banks simultaneously raising targets is noteworthy. Such coordination doesn’t happen often.
Liu completed his transactions over a narrow price band. The consistency points to planned buying rather than opportunistic trades.
