Signet Private Wealth LLC acquired a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 970 shares of the semiconductor manufacturer’s stock, valued at approximately $277,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MU. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after acquiring an additional 628 shares during the period. United Bank acquired a new stake in shares of Micron Technology in the second quarter worth $236,000. Schnieders Capital Management LLC. increased its stake in shares of Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after acquiring an additional 21,619 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron continues to benefit from strong AI-memory demand, with multiple recent articles highlighting HBM, server DRAM, and SSD exposure as key drivers of the company’s growth. Micron’s Parabolic Run May Have More Room To Go
- Positive Sentiment: Analysts remain broadly constructive: Goldman Sachs and Wells Fargo both raised price targets, reinforcing the view that earnings and AI demand can still support further upside. Micron Technology To $900? Here Are 10 Top Analyst Forecasts For Wednesday
- Positive Sentiment: Micron also announced it selected Bechtel for the first phase of its New York semiconductor campus, a sign that its U.S. manufacturing expansion is moving forward. Micron Selects Bechtel as Construction Partner for Historic New York Semiconductor Project
- Neutral Sentiment: Micron added a high-profile AI/cloud executive, Dr. Alexis Black Björlin, to its board of directors, which supports the company’s strategic positioning but is not a near-term financial catalyst. Micron Appoints Alexis Black Björlin to Board of Directors
- Neutral Sentiment: Several upbeat commentary pieces and momentum screens continue to frame MU as a top AI-infrastructure winner, but these are largely sentiment-driven rather than new operational disclosures. Micron & 2 Momentum Stocks to Buy Now for Explosive Upside
- Negative Sentiment: Shares are being dragged lower along with other AI hardware names as investors react to Super Micro’s stock sale, hotter inflation data, and geopolitical tensions, sparking a broader selloff in semiconductors. Stock Market Today, June 10: Super Micro Computer, Nvidia, Micron Fall as Risk-Off Mood Intensifies
- Negative Sentiment: The stock’s strong run has also left it vulnerable to profit-taking, with some analysts warning that expectations are very high heading into Micron’s June 24 earnings report. Is Micron’s Stock Price Dip a Buying Opportunity?
Micron Technology Stock Down 4.7%
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same quarter last year, the business earned $1.56 earnings per share. The company’s revenue for the quarter was up 196 compared to the same quarter last year. Equities analysts predict that Micron Technology, Inc. will post 59.12 EPS for the current fiscal year.
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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change 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 2.83%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday. DA Davidson assumed coverage on shares of Micron Technology in a research note on Monday, May 11th. They issued a “buy” rating and a $1,000.00 price objective on the stock. Erste Group Bank lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Wells Fargo & Company raised their price target on shares of Micron Technology from $550.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Monday. Finally, KeyCorp raised their price target on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Five research 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $707.63.
Read Our Latest Stock Report on MU
Insider Activity at Micron Technology
In other news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last ninety days. 0.24% of the stock is owned by company insiders.
Micron Technology Company 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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