Holderness Investments Co. increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,123 shares of the semiconductor manufacturer’s stock after buying an additional 963 shares during the quarter. Holderness Investments Co.’s holdings in Micron Technology were worth $1,462,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC lifted its position in shares of Micron Technology by 18.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 10,325 shares of the semiconductor manufacturer’s stock worth $2,947,000 after buying an additional 1,623 shares during the period. Forsta AP Fonden lifted its position in shares of Micron Technology by 25.7% during the 4th quarter. Forsta AP Fonden now owns 301,200 shares of the semiconductor manufacturer’s stock worth $85,965,000 after buying an additional 61,600 shares during the period. Norges Bank bought a new position in shares of Micron Technology during the 4th quarter worth approximately $6,433,456,000. Madison Wealth Partners Inc lifted its position in shares of Micron Technology by 6.2% during the 4th quarter. Madison Wealth Partners Inc now owns 1,590 shares of the semiconductor manufacturer’s stock worth $454,000 after buying an additional 93 shares during the period. Finally, Belvedere Trading LLC bought a new position in shares of Micron Technology during the 4th quarter worth approximately $936,000. Institutional investors own 80.84% of the company’s stock.
Analyst Ratings Changes
MU has been the subject of several research analyst reports. Bank of America lifted their price objective on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. Sanford C. Bernstein lifted their price objective on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Finally, Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $595.63.
Insider Transactions at Micron Technology
In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 106,000 shares of company stock worth $47,032,460. Insiders own 0.24% of the company’s stock.
Micron Technology Trading Up 5.1%
Shares of MU opened at $970.47 on Friday. The stock has a fifty day moving average price of $557.48 and a two-hundred day moving average price of $411.31. 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 52-week low of $92.22 and a 52-week high of $981.00. The company has a market cap of $1.09 trillion, a price-to-earnings ratio of 45.82 and a beta of 1.91.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm’s quarterly revenue was up 196 on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. Analysts predict that Micron Technology, Inc. will post 58.62 EPS for the current fiscal year.
Micron Technology Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This is an increase 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 is presently 2.83%.
Key Headlines Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
- Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
- Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
- Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
- Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
- Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article
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.
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