Micron Technology (NASDAQ:MU) EVP Sells $10,112,400.00 in Stock

Micron Technology, Inc. (NASDAQ:MU) 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 owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sumit Sadana also recently made the following trade(s):

• On Monday, February 2nd, Sumit Sadana sold 25,000 shares of Micron Technology stock. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00.

Micron Technology Price Performance

Shares of MU opened at $457.23 on Friday. Micron Technology, Inc. has a 1-year low of $65.64 and a 1-year high of $471.34. The stock has a market cap of $515.63 billion, a PE ratio of 21.59 and a beta of 1.60. The firm has a 50-day simple moving average of $405.20 and a two-hundred day simple moving average of $315.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on MU shares. Weiss Ratings restated a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Barclays lifted their price target on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research note on Monday, March 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $464.61.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron has locked long?term, volume agreements that commit much of its advanced memory (HBM/DRAM) capacity through 2027, improving revenue visibility and supporting bullish investor flows. Micron Sells Out Advanced Memory To 2027 Raising Questions On Valuation
• Positive Sentiment: Analysts are lifting revenue and FCF forecasts and raising price targets, which is drawing thematic AI and momentum buyers into MU. Analysts Hike Their Micron Estimates, Pushing MU Stock Price Targets Higher
• Positive Sentiment: Margins have expanded sharply as Micron captures higher pricing and favorable HBM/DRAM mix tied to AI server demand, underpinning earnings upgrades. Can Micron’s Margin Expansion Continue Amid Strong AI Demand?
• Neutral Sentiment: New DRAM?focused ETFs and broader tech/AI ETFs could funnel more passive and thematic dollars into large memory names like Micron, concentrating both inflows and sector exposure. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand (MU)
• Neutral Sentiment: Broader AI?chip narratives (including developments at Nvidia and others) are keeping memory stocks in focus; sector leadership can lift MU but also increases sensitivity to cross?name volatility. Nvidia’s impressive rally faces one big test
• Negative Sentiment: ASML’s post?earnings pullback rippled through the chip supply chain, prompting some traders to trim gains in memory and related names. That sector reaction is a near?term headwind for MU. ASML Falls Post-Earnings, Chip-Making Expansion Anchors Outlook (MU)
• Negative Sentiment: Insider selling by EVP Sumit Sadana (disclosed ~$10.1M block) is being viewed by some as profit?taking and adds short?term caution for new buyers. Micron’s (MU) Key Insider Sells $10.1M in Stock – Is This a Red Flag or Just Profit?Taking?
• Negative Sentiment: Several commentators warn the stock’s rapid run may price in strong outcomes already, flagging valuation and cyclical demand risk that could amplify pullbacks after record highs. Micron’s AI Surge Is Driven By Profit, Not Hype

Institutional Trading of Micron Technology

Several institutional investors have recently modified their holdings of the stock. Clark Asset Management LLC purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $245,000. Capital Advisors Ltd. LLC lifted its position in shares of Micron Technology by 10.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock worth $83,000 after buying an additional 23 shares during the last quarter. Sterling Investment Counsel LLC lifted its position in shares of Micron Technology by 51.0% during the 1st quarter. Sterling Investment Counsel LLC now owns 1,214 shares of the semiconductor manufacturer’s stock worth $410,000 after buying an additional 410 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Micron Technology by 12.7% during the 1st quarter. Brookstone Capital Management now owns 38,621 shares of the semiconductor manufacturer’s stock worth $13,048,000 after buying an additional 4,361 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $790,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.