Micron Technology, Inc. $MU Shares Bought by KBC Group NV

KBC Group NV raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 100.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,287,460 shares of the semiconductor manufacturer’s stock after acquiring an additional 645,955 shares during the quarter. Micron Technology makes up about 0.8% of KBC Group NV’s holdings, making the stock its 18th largest holding. KBC Group NV’s holdings in Micron Technology were worth $367,454,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Micron Technology by 0.7% during the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after acquiring an additional 773,788 shares in the last quarter. State Street Corp boosted its stake in Micron Technology by 0.6% in the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after purchasing an additional 285,582 shares in the last quarter. Capital International Investors boosted its stake in Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Invesco Ltd. grew its position in Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock worth $1,609,981,000 after purchasing an additional 708,716 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Micron Technology by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer’s stock worth $1,217,394,000 after purchasing an additional 135,850 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Analysts keep raising estimates and price targets (including a notable lift from Lynx Equity), which supports further institutional and thematic AI flows into MU. Lynx Equity Raises Micron (MU) PT, Suggests Aggressive Buying
• Positive Sentiment: Micron’s margins have expanded sharply as AI demand boosts HBM/DRAM pricing and mix, underpinning profit revisions and providing a fundamental rationale for higher valuations. Can Micron’s Margin Expansion Continue Amid Strong AI Demand?
• Neutral Sentiment: New and growing semiconductor/DRAM-focused ETFs could channel more passive inflows into big-memory names like Micron, but they also concentrate sector exposure and volatility. 3 Semiconductor ETFs to Buy Before the AI Chip Market Hits $500 Billion
• Neutral Sentiment: Coverage pieces and price models (including ML forecasts and “is it too late?” analyses) are increasing attention; they draw trading flows but add little new fundamental data. Is It Too Late To Consider Micron Technology (MU)?
• Negative Sentiment: Insider selling: EVP Sumit Sadana sold ~24,000 shares (~$10.1M) in early April — flagged by markets as profit-taking and used by some traders as a near-term caution. Micron EVP Sells $10,112,400.00 in Stock
• Negative Sentiment: Short-term memory-stock pullback: headlines show Micron and peers selling off as momentum traders take profits after a historic run, contributing to the intraday decline. Micron Falls 5%, SanDisk Drops 7%
• Negative Sentiment: Valuation warnings: several commentators caution that much of the AI upside may already be priced in, increasing downside risk for late buyers. Is Micron Technology’s Stock Really That Cheap?

Insider Buying and Selling

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,623 shares of company stock valued at $45,165,908 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Wells Fargo & Company upped their target price on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Barclays raised their target price on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Wolfe Research lifted their price target on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $464.61.

Micron Technology Price Performance

NASDAQ:MU opened at $456.23 on Thursday. The firm’s fifty day moving average is $403.71 and its two-hundred day moving average is $314.28. The firm has a market cap of $514.51 billion, a price-to-earnings ratio of 21.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a one year low of $65.64 and a one year high of $471.34.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.