Monetary Management Group Inc. Boosts Position in Micron Technology, Inc. $MU

Monetary Management Group Inc. increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 104.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,815 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,015 shares during the quarter. Monetary Management Group Inc.’s holdings in Micron Technology were worth $2,801,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC increased its stake in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 24 shares during the period. Round Rock Advisors LLC increased its stake in Micron Technology by 0.6% in the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 25 shares during the period. Arlington Trust Co LLC increased its stake in Micron Technology by 26.3% in the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 25 shares during the period. Manuka Financial LLC increased its stake in Micron Technology by 2.3% in the 4th quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock worth $355,000 after buying an additional 28 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in Micron Technology by 20.9% in the 4th quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock worth $48,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 9.9%

NASDAQ:MU opened at $949.28 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,089.29. The stock has a market capitalization of $1.07 trillion, a P/E ratio of 44.82 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company’s 50-day simple moving average is $629.16 and its 200-day simple moving average is $444.45.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates 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%. Micron Technology’s revenue for the quarter was up 196 on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 58.79 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on MU. Stifel Nicolaus raised their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wells Fargo & Company increased their target price on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein increased their target price on shares of Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. DA Davidson began coverage on shares of Micron Technology in a report on Monday, May 11th. They set a “buy” rating and a $1,000.00 target price on the stock. Finally, Mizuho increased their target price on shares of Micron Technology to $800.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. 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 company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $690.97.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron shares are rebounding as investors buy the dip in semiconductor and memory stocks after Friday’s selloff, with the AI memory trade still viewed as strong. Why Micron stock is surging today?
• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and kept an overweight rating, reinforcing bullish sentiment. Benzinga report
• Positive Sentiment: Cantor Fitzgerald boosted its target to $1,500 from $700 and reiterated an overweight rating, suggesting more upside if memory demand stays strong. Benzinga report
• Positive Sentiment: Analysts and traders are positioning for a potentially large move around Micron’s June 24 earnings report, with options pricing implying a big swing. Micron’s Q3 Earnings on June 24
• Neutral Sentiment: Recent commentary says Micron’s rally has been driven by the broader AI/memory supercycle narrative, but some articles warn the stock has already run far and remains volatile. After Surging 918%, Is Micron Stock Still a Buy?
• Negative Sentiment: Some analysts caution that Micron and the memory trade remain vulnerable if macro conditions or AI demand expectations weaken, highlighting the stock’s cyclical risk. Is Micron Quietly Preparing for the Collapse in AI Demand?

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by corporate insiders.

Micron Technology 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.