Micron Technology shares gained in premarket trading on August 10. Citigroup maintained a 'Buy' rating on August 7 but lowered its price forecast. The bank cited slowing memory pricing momentum and rising competition from China.
Sapient Capital LLC increased its Micron stake by 20.2% during the second quarter. Deutsche Bank also expanded its investment in the semiconductor manufacturer.
Company executives are scheduled to present at the KeyBanc Capital Markets Technology Leadership Forum today.