Winnow Wealth LLC Acquires 3,310 Shares of Micron Technology, Inc. $MU

Winnow Wealth LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 724.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,767 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,310 shares during the period. Micron Technology makes up 0.8% of Winnow Wealth LLC’s portfolio, making the stock its 24th largest holding. Winnow Wealth LLC’s holdings in Micron Technology were worth $1,077,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. High Note Wealth LLC boosted its stake in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. Joseph Group Capital Management purchased a new position in shares of Micron Technology during the 4th quarter worth about $31,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of Micron Technology during the 4th quarter worth about $31,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron is rebounding as investors buy the dip in memory-chip stocks after the broader AI pullback, with traders betting the recent selloff was overdone. Why Micron Stock Is a Buy as It Claws Back Losses From AI Selloff
• Positive Sentiment: Nvidia’s partnership with SK Hynix helped spark optimism across AI memory names, supporting Micron’s rebound and signaling continued strong demand for advanced memory products. Why Micron stock is surging today?
• Positive Sentiment: Wall Street turned more upbeat on Micron, with Wells Fargo and Cantor Fitzgerald both sharply raising price targets and maintaining bullish ratings, reinforcing the view that the AI memory cycle still has room to run. Benzinga report on price target hikes
• Positive Sentiment: Analysts continue to frame Micron as a beneficiary of a multi-year memory shortage and long-term AI infrastructure buildout, which supports the stock’s recent strength. Micron’s stock bounces back in a big way: ‘The memory trade is alive and well’
• Neutral Sentiment: Several recent articles focus on Micron’s upcoming June 24 earnings and large expected post-earnings move, which could keep trading volatile but also heightens event-driven interest in the stock. Micron’s Q3 Earnings on June 24: Options Market Signals a Huge 20% Swing Ahead
• Negative Sentiment: A new 2x inverse ETF tied to Micron was launched, reflecting some market demand for bearish exposure and reminding investors that sentiment can still swing quickly after the recent run-up. Defiance Launches MUZ: The First 2X Short ETF for Micron Technology, Inc.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last quarter. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MU has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price target on shares of Micron Technology in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Five investment 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 MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus price target of $690.97.

Micron Technology Price Performance

Micron Technology stock opened at $949.28 on Tuesday. The stock has a market cap of $1.07 trillion, a price-to-earnings ratio of 44.82 and a beta of 2.16. 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, Inc. has a 1 year low of $103.38 and a 1 year high of $1,089.29. The firm has a 50-day moving average of $629.16 and a two-hundred day moving average of $444.45.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (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 net margin of 41.49% and a return on equity of 41.16%. The firm’s quarterly revenue was up 196 on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 58.79 earnings per share for the current year.

Micron Technology Increases Dividend

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

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.