Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys New Stake in Micron Technology, Inc. $MU

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,350 shares of the semiconductor manufacturer’s stock, valued at approximately $5,237,000.

A number of other institutional investors also recently added to or reduced their stakes in MU. GSA Capital Partners LLP grew its stake in shares of Micron Technology by 176.0% in the fourth quarter. GSA Capital Partners LLP now owns 7,795 shares of the semiconductor manufacturer’s stock worth $2,225,000 after purchasing an additional 4,971 shares in the last quarter. Tredje AP fonden raised its stake in shares of Micron Technology by 117.4% during the fourth quarter. Tredje AP fonden now owns 478,311 shares of the semiconductor manufacturer’s stock valued at $136,515,000 after purchasing an additional 258,311 shares in the last quarter. PKO BP BANKOWY Universal Pension Society JSC bought a new stake in shares of Micron Technology during the fourth quarter valued at about $61,306,000. Handelsbanken Fonder AB lifted its holdings in Micron Technology by 15.8% in the fourth quarter. Handelsbanken Fonder AB now owns 488,124 shares of the semiconductor manufacturer’s stock worth $139,315,000 after purchasing an additional 66,781 shares during the period. Finally, Gables Capital Management Inc. lifted its holdings in Micron Technology by 66.7% in the fourth quarter. Gables Capital Management Inc. now owns 500 shares of the semiconductor manufacturer’s stock worth $143,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU opened at $731.99 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm’s 50 day moving average is $498.20 and its 200-day moving average is $381.87. Micron Technology, Inc. has a 12-month low of $90.93 and a 12-month high of $818.67. The stock has a market capitalization of $825.49 billion, a P/E ratio of 34.56 and a beta of 1.91.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a 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 presently 2.83%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value 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. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 106,000 shares of company stock worth $47,032,460 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Wedbush upped their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Royal Bank Of Canada raised their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Susquehanna boosted their target price on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a report on Monday, March 9th. Finally, Citigroup upped their target price on Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $518.47.

Key Micron Technology News

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

• Positive Sentiment: Talks between Samsung management and labor representatives reportedly broke down, raising the risk of a worker strike that could further tighten memory-chip supply and support higher DRAM/NAND prices. Micron Stock Is on a Tear. Chip Shortage Threat Looms as Samsung Strike Talks Break Down.
• Positive Sentiment: Several articles highlight a broader AI memory boom, arguing that data-center demand is creating a structural shortage and a pricing supercycle for memory makers like Micron. The Great AI Rotation: Cashing In on Data
• Positive Sentiment: Micron was featured alongside other “red hot” AI infrastructure names as investors continue favoring semiconductor suppliers tied to the AI buildout. Checking in On Red Hot AI Infrastructure Stocks
• Positive Sentiment: Analyst commentary and price-target hikes from Citi and Mizuho reinforced the bullish view on Micron, with Wall Street increasingly supportive of the stock’s AI-memory narrative. Why Micron Stock Just Popped Again
• Positive Sentiment: High-profile investors such as Stanley Druckenmiller and David Tepper were cited as buyers of Micron-related AI hardware plays, adding momentum to the bullish sentiment around the name. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead

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.