WINTON GROUP Ltd trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 16.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,340 shares of the semiconductor manufacturer’s stock after selling 8,585 shares during the quarter. WINTON GROUP Ltd’s holdings in Micron Technology were worth $12,370,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. EULAV Asset Management raised its position in shares of Micron Technology by 6.0% during the 4th quarter. EULAV Asset Management now owns 53,011 shares of the semiconductor manufacturer’s stock valued at $15,130,000 after buying an additional 3,011 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Micron Technology by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 14,889 shares of the semiconductor manufacturer’s stock valued at $4,250,000 after buying an additional 1,030 shares in the last quarter. Explore Capital Management LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at about $9,304,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Micron Technology during the 4th quarter valued at about $2,789,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Micron Technology by 403.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 40,992 shares of the semiconductor manufacturer’s stock valued at $11,698,000 after buying an additional 32,844 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Micron Technology Stock Performance
Shares of NASDAQ:MU opened at $864.01 on Friday. The company has a market capitalization of $974.37 billion, a price-to-earnings ratio of 40.79 and a beta of 2.16. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The firm’s 50-day moving average is $617.28 and its 200 day moving average is $437.99. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.
Micron Technology Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is currently 2.83%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on MU shares. Needham & Company LLC upped their target price on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Sanford C. Bernstein upped their target price on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. UBS Group upped their target price on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Raymond James Financial upped their target price on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Summit Insights downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $641.97.
Check Out Our Latest Stock Analysis on Micron Technology
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron was certified as an HBM4 memory supplier for Nvidia’s next-generation Vera Rubin AI platform, reinforcing its role in the AI memory supply chain and highlighting continued demand for high-bandwidth memory. Micron’s HBM4 Certification With Nvidia Puts AI Memory Margins In Focus
- Positive Sentiment: Wall Street sentiment remains broadly constructive, with recent analyst reports and price-target hikes pointing to expectations for strong AI-driven earnings and tight memory supply. Morgan Stanley raises Micron stock price target
- Positive Sentiment: Recent coverage continues to frame Micron as a major beneficiary of AI infrastructure spending, with some analysts still arguing the stock has upside despite its huge run-up. Micron (MU) Boasts Earnings & Price Momentum: Should You Buy?
- Neutral Sentiment: Mixed commentary around Micron’s valuation and its recent $1 trillion-plus market-cap rally is keeping investors cautious ahead of the next earnings report, even as the company’s fundamentals remain strong. Micron Stock Price Forecast — What Top Analysts Expect Ahead of June 24 Earnings
- Neutral Sentiment: Broader market weakness in chip stocks and a hotter-than-expected U.S. jobs report added to the risk-off tone, pressuring semiconductors across the board. Micron, Sandisk stocks slide as traders exit high-flying AI plays
- Negative Sentiment: Broadcom’s disappointing AI guidance triggered a sharp unwind in the “AI trade,” dragging Micron lower even though there was no company-specific negative news. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
- Negative Sentiment: Some analysts and commentators are warning that memory-chip prices may be nearing a peak, raising concerns that Micron’s blockbuster rally may have run too far too fast. Micron Stock Drops, Brace for the Memory-Price Peak
Insider Activity
In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated 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 owned 17,139 shares in the company, valued at $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. Over the last 90 days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by company insiders.
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.
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