1,793 Shares in Micron Technology, Inc. $MU Acquired by Element Wealth LLC

Element Wealth LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,793 shares of the semiconductor manufacturer’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. Vanguard Group Inc. boosted its stake in Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after buying an additional 1,090,644 shares during the last quarter. Capital International Investors boosted its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Norges Bank purchased a new position in shares of Micron Technology in the 4th quarter worth $6,433,456,000. Finally, Morgan Stanley boosted its stake in shares of Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after buying an additional 794,289 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $981.61 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $677.58 and its two-hundred day simple moving average is $463.52. The stock has a market cap of $1.11 trillion, a PE ratio of 46.35 and a beta of 2.16. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,089.29.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s quarterly revenue was up 196 on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. As a group, analysts forecast that Micron Technology, Inc. will post 59.23 EPS for the current fiscal year.

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 issued a dividend of $0.15 per share. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s payout ratio is 2.83%.

Micron Technology News Summary

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Analyst Ratings Changes

A number of research firms have recently issued reports on MU. Bank of America raised their price target on Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Needham & Company LLC raised their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. TD Cowen raised their target price on Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley raised their target price on Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial raised their target price on Micron Technology from $530.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $737.63.

Insiders Place Their Bets

In other Micron Technology news, 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 sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% 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 ninety days. 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.