Micron Technology, Inc. $MU Shares Sold by Elm Partners Management LLC

Elm Partners Management LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 97.5% in the 4th quarter, Holdings Channel reports. The fund owned 840 shares of the semiconductor manufacturer’s stock after selling 32,160 shares during the period. Elm Partners Management LLC’s holdings in Micron Technology were worth $240,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Waterloo Capital L.P. grew its position in Micron Technology by 21.6% in the fourth quarter. Waterloo Capital L.P. now owns 3,921 shares of the semiconductor manufacturer’s stock valued at $1,119,000 after acquiring an additional 697 shares in the last quarter. Rockline Wealth Management LLC acquired a new stake in Micron Technology in the fourth quarter valued at approximately $224,000. PARUS FINANCE UK Ltd acquired a new stake in Micron Technology in the fourth quarter valued at approximately $12,290,000. Essex Financial Services Inc. grew its position in Micron Technology by 22.1% in the fourth quarter. Essex Financial Services Inc. now owns 3,275 shares of the semiconductor manufacturer’s stock valued at $935,000 after acquiring an additional 593 shares in the last quarter. Finally, Thames Capital Management LLC acquired a new stake in Micron Technology in the fourth quarter valued at approximately $20,793,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 106,000 shares of company stock valued at $47,032,460. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Citigroup increased their price objective on shares of Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Susquehanna increased their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research report on Friday. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $595.63.

Micron Technology Stock Performance

Micron Technology stock opened at $970.47 on Monday. The stock has a market cap of $1.09 trillion, a P/E ratio of 45.82 and a beta of 2.15. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $557.48 and a 200-day moving average of $412.42. Micron Technology, Inc. has a 52 week low of $92.22 and a 52 week high of $981.00.

Micron Technology (NASDAQ:MU) last released 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. The company had revenue of $23.86 billion during 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 revenue was up 196 on a year-over-year basis. During the same period in the prior year, the business posted $1.56 EPS. On average, analysts expect that Micron Technology, Inc. will post 58.62 EPS for the current fiscal year.

Micron Technology Increases Dividend

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

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.