Marks Group Wealth Management Inc decreased its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,809 shares of the semiconductor manufacturer’s stock after selling 1,383 shares during the period. Marks Group Wealth Management Inc’s holdings in Micron Technology were worth $1,087,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the last quarter. Joseph Group Capital Management acquired a new stake in Micron Technology in the 4th quarter valued at about $31,000. Finally, Luken Investment Analytics LLC acquired a new stake in Micron Technology in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Price Performance
MU stock opened at $935.89 on Wednesday. The business’s fifty day moving average price is $640.73 and its 200 day moving average price is $449.45. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,089.29. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.06 trillion, a PE ratio of 44.19 and a beta of 2.16.
Micron Technology Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.
Insider Buying and Selling at Micron Technology
In related news, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,000 shares of company stock valued at $85,486,715 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on MU. Citigroup increased their price objective on shares of Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Micron Technology in a report on Monday, March 16th. Wells Fargo & Company raised their price target on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna raised their price target on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Finally, Melius Research began coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 price target for the company. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $690.97.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and maintained an overweight rating, while Cantor Fitzgerald lifted its target to $1,500, reinforcing Wall Street optimism on the company’s AI-memory growth outlook.
- Positive Sentiment: Analysts and market commentary continue to highlight a memory-chip supercycle, with long-term supply agreements and sustained AI infrastructure demand supporting Micron’s revenue and earnings potential.
- Positive Sentiment: Micron appointed Dr. Alexis Black Björlin to its board of directors, adding leadership experience in AI infrastructure, cloud platforms, and semiconductors that could strengthen strategic execution. Article Title
- Neutral Sentiment: Micron’s recent rally and extreme volatility have made the stock sensitive to any sign of weakness, and several articles noted that earnings on June 24 could either validate the AI-memory thesis or trigger a pullback if expectations are not met.
- Negative Sentiment: Short-term sentiment was also hit by a broader chip-sector correction, with memory and storage stocks falling together as investors reassessed the pace of the AI-driven advance.
- Negative Sentiment: Some commentary warned Micron’s valuation and recent gains may have moved too far too fast, making the stock vulnerable to profit-taking or disappointment if growth assumptions cool.
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.
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