Global X Japan Co. Ltd. Acquires 45,017 Shares of Micron Technology, Inc. $MU

Global X Japan Co. Ltd. grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 214.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,019 shares of the semiconductor manufacturer’s stock after acquiring an additional 45,017 shares during the quarter. Micron Technology makes up 1.4% of Global X Japan Co. Ltd.’s holdings, making the stock its 21st biggest holding. Global X Japan Co. Ltd.’s holdings in Micron Technology were worth $18,842,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MU. Elevation Wealth Partners LLC increased its stake in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Micron Technology during the fourth quarter valued at approximately $40,000. REAP Financial Group LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of MU stock opened at $355.43 on Friday. 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 company has a market capitalization of $400.83 billion, a P/E ratio of 16.78 and a beta of 1.50. The company’s 50-day simple moving average is $406.31 and its two-hundred day simple moving average is $290.29. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $471.34.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 2.17%.

Key Micron Technology News

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

• Positive Sentiment: Wall Street remains broadly bullish: brokers have raised price targets and the consensus rating sits at “Buy,” supporting upside expectations for MU. Micron Technology (MU) price target increased by 36.86% to 511.82
• Positive Sentiment: Brokerage coverage is supportive: a consensus “Buy” and multiple upgrades/pushes of price targets (MarketBeat notes MU as a most-upgraded stock) underpin analyst-driven demand. Micron Technology, Inc. (NASDAQ:MU) Given Consensus Rating of “Buy” by Brokerages
• Positive Sentiment: Prominent investors and commentators remain bullish — Ross Gerber highlighted Micron as a strong chip company after its big rally, lending retail/institutional confidence. Ross Gerber flags Micron Technology as ‘very good chip company’
• Positive Sentiment: Fundamentals remain strong: Micron reported exceptional Q2 results (massive revenue and margin growth) and recently raised its dividend — a reason some investors view pullbacks as buying opportunities. Micron Technology’s Earnings Skyrocketed 771% Last Quarter
• Neutral Sentiment: Corporate action: Micron launched cash tender offers to buy several series of senior notes — improves capital structure flexibility but is a neutral execution detail unless tender results surprise. Micron Announces Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
• Negative Sentiment: Google research on model compression rattled the market — a claim that AI models may need far less memory (up to ~6x) has pressured DRAM/NAND demand expectations and hit memory stocks including MU. A Google AI breakthrough is pressuring memory chip stocks
• Negative Sentiment: Technical and momentum signs are weakening: MU broke below its 50?day moving average and chart commentary warns semiconductor momentum may be stalling — technical traders likely contributed to today’s selling. Micron Broke Below Its 50-Day Moving Average. Should You Buy the Dip?
• Negative Sentiment: Investor concerns about cyclicality and order softness: several pieces flag risks (ratings downgrades, potential order cancellations from large AI buyers, and rapid post-earnings profit-taking) that are pressuring the stock. Micron: Softness In DRAM Orders (Rating Downgrade)

Analyst Ratings Changes

Several research firms have recently weighed in on MU. Royal Bank Of Canada boosted their target price on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Morgan Stanley raised their price target on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Susquehanna lifted their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. Barclays increased their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, William Blair began coverage on shares of Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $466.75.

Insider Transactions at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the transaction, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. The trade was a 4.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. 0.24% of the stock is owned by corporate 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.