Legacy Capital Group California Inc. Has $1.78 Million Stock Position in Micron Technology, Inc. $MU

Legacy Capital Group California Inc. cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 38.5% in the fourth quarter, HoldingsChannel reports. The fund owned 6,222 shares of the semiconductor manufacturer’s stock after selling 3,902 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Micron Technology were worth $1,776,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MU. REAP Financial Group LLC acquired a new position in Micron Technology in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology in the third quarter worth $27,000. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: ASML raised guidance citing strong AI chip demand (including memory), which supports tighter supply and pricing power for memory suppliers like Micron. ASML Has Just Delivered Massive News for Micron Technology Investors
• Positive Sentiment: Rising HBM demand from AI workloads and constrained supply are positioned to drive long-term revenue and stronger DRAM/HBM pricing for Micron. Can Rising HBM Demand Accelerate Micron’s Long-Term Revenue Growth?
• Positive Sentiment: Momentum and market leadership: MU hit new 52-week highs after a multi-month rally, drawing investor attention as a “sold-out” AI memory play and fueling momentum buying. Forget Nvidia (NVDA), Focus on This ‘Sold Out’ AI Memory Giant Instead
• Positive Sentiment: Wall Street bullishness: a large majority of analysts carry Buy/Outperform ratings and median price targets imply further upside, supporting investor confidence. Here’s What Citi and UBS Think About Micron Technology (MU)
• Neutral Sentiment: Geopolitical / policy push: Micron is lobbying Congress for export limits on tools to Chinese rivals — this could strengthen Micron’s competitive position but raises regulatory and geopolitical uncertainty. Micron pushes US Congress to crack down on chip tool sales to Chinese rivals, sources say
• Neutral Sentiment: Sector comparisons and thematic ETFs spotlight MU among AI infrastructure winners, which can help flows but also increases correlation to the broader semiconductor trade. Micron vs. Marvell: Which AI Semiconductor Stock Is the Better Buy?
• Negative Sentiment: Capacity risk: competitor SK Hynix announced a ~$13B packaging/expansion program — accelerating rival capacity could pressure prices and margins over time. What SK Hynix’s New $13 Billion Memory Plant Means for Micron Stock
• Negative Sentiment: Significant insider selling activity has been reported recently, which can raise governance/near-term sentiment concerns for some investors. Micron Technology Stock (MU) Opinions on Upcoming Semiconductor Earnings

Analysts Set New Price Targets

MU has been the topic of several research reports. Stifel Nicolaus upped their target price on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their price target on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Phillip Securities upgraded Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Bank of America raised their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $464.61.

Micron Technology Stock Performance

Shares of MU opened at $480.69 on Thursday. The company has a market capitalization of $542.09 billion, a PE ratio of 22.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a one year low of $73.50 and a one year high of $491.98. The company’s fifty day moving average price is $410.78 and its 200 day moving average price is $324.15.

Micron Technology Increases Dividend

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

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 89,000 shares of company stock worth $34,755,250 in the last ninety days. Insiders own 0.24% of the company’s stock.

About Micron Technology

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.