Micron Technology, Inc. $MU Stock Position Lessened by NFJ Investment Group LLC

NFJ Investment Group LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 38.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,229 shares of the semiconductor manufacturer’s stock after selling 3,312 shares during the quarter. NFJ Investment Group LLC’s holdings in Micron Technology were worth $1,492,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nicolet Advisory Services LLC grew its stake in shares of Micron Technology by 5.7% in the fourth quarter. Nicolet Advisory Services LLC now owns 11,116 shares of the semiconductor manufacturer’s stock worth $3,173,000 after purchasing an additional 596 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Micron Technology by 46.3% in the fourth quarter. Focus Partners Wealth now owns 506,109 shares of the semiconductor manufacturer’s stock worth $144,449,000 after purchasing an additional 160,281 shares in the last quarter. Fort Point Capital Partners LLC bought a new position in shares of Micron Technology in the fourth quarter worth $286,000. Fortitude Advisory Group L.L.C. grew its stake in shares of Micron Technology by 0.3% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 9,594 shares of the semiconductor manufacturer’s stock worth $2,738,000 after purchasing an additional 27 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its stake in shares of Micron Technology by 20.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 541 shares of the semiconductor manufacturer’s stock worth $154,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Cantor Fitzgerald increased their price target on Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. increased their price target on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Wells Fargo & Company raised their target price on Micron Technology from $550.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Raymond James Financial raised their target price on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Barclays raised their target price on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $737.63.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $981.61 on Monday. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The company has a market cap of $1.11 trillion, a price-to-earnings ratio of 46.35 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. The business has a fifty day simple moving average of $677.58 and a 200-day simple moving average of $465.20.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the prior year, the business posted $1.56 earnings per share. Micron Technology’s revenue was up 196 compared to the same quarter last year. Sell-side analysts predict that Micron Technology, Inc. will post 59.23 EPS for the current year.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 in the last 90 days. Insiders own 0.24% of the company’s stock.

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.