LeClair Wealth Partners LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 908 shares of the semiconductor manufacturer’s stock, valued at approximately $259,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Prudent Man Advisors LLC acquired a new position in Micron Technology during the 4th quarter valued at about $1,271,000. Erste Asset Management GmbH boosted its stake in Micron Technology by 48.7% during the 4th quarter. Erste Asset Management GmbH now owns 206,159 shares of the semiconductor manufacturer’s stock valued at $60,933,000 after purchasing an additional 67,530 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Micron Technology by 16.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 165,677 shares of the semiconductor manufacturer’s stock valued at $47,286,000 after purchasing an additional 23,700 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Micron Technology during the 4th quarter valued at about $126,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in Micron Technology by 3.0% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 22,866 shares of the semiconductor manufacturer’s stock valued at $6,526,000 after purchasing an additional 671 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Price Performance
Shares of NASDAQ MU opened at $864.01 on Monday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,089.29. The stock’s 50 day moving average price is $617.28 and its 200-day moving average price is $439.38. The company has a market capitalization of $974.37 billion, a PE ratio of 40.79 and a beta of 2.15. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.
Micron Technology Increases Dividend
The firm 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Cantor Fitzgerald lifted their price target on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Royal Bank Of Canada lifted 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. DA Davidson assumed coverage on Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target for the company. Wells Fargo & Company lifted their price target on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $641.97.
Check Out Our Latest Research Report on MU
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron was certified as an HBM4 memory supplier for Nvidia’s next-generation Vera Rubin AI platform, reinforcing its role in the AI memory supply chain and highlighting continued demand for high-bandwidth memory. Micron’s HBM4 Certification With Nvidia Puts AI Memory Margins In Focus
- Positive Sentiment: Wall Street sentiment remains broadly constructive, with recent analyst reports and price-target hikes pointing to expectations for strong AI-driven earnings and tight memory supply. Morgan Stanley raises Micron stock price target
- Positive Sentiment: Recent coverage continues to frame Micron as a major beneficiary of AI infrastructure spending, with some analysts still arguing the stock has upside despite its huge run-up. Micron (MU) Boasts Earnings & Price Momentum: Should You Buy?
- Neutral Sentiment: Mixed commentary around Micron’s valuation and its recent $1 trillion-plus market-cap rally is keeping investors cautious ahead of the next earnings report, even as the company’s fundamentals remain strong. Micron Stock Price Forecast — What Top Analysts Expect Ahead of June 24 Earnings
- Neutral Sentiment: Broader market weakness in chip stocks and a hotter-than-expected U.S. jobs report added to the risk-off tone, pressuring semiconductors across the board. Micron, Sandisk stocks slide as traders exit high-flying AI plays
- Negative Sentiment: Broadcom’s disappointing AI guidance triggered a sharp unwind in the “AI trade,” dragging Micron lower even though there was no company-specific negative news. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
- Negative Sentiment: Some analysts and commentators are warning that memory-chip prices may be nearing a peak, raising concerns that Micron’s blockbuster rally may have run too far too fast. Micron Stock Drops, Brace for the Memory-Price Peak
Insider Activity at Micron Technology
In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.
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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