Xponance LLC Acquires 18,189 Shares of Micron Technology, Inc. $MU

Xponance LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,798 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,189 shares during the period. Xponance LLC’s holdings in Micron Technology were worth $51,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. High Note Wealth LLC raised its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in shares of Micron Technology in the 4th quarter worth approximately $31,000. Institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MU shares. Rosenblatt Securities reissued a “buy” rating and issued a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Stifel Nicolaus increased their target price on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. The Goldman Sachs Group upped their price target on Micron Technology from $400.00 to $900.00 and gave the stock a “neutral” rating in a research note on Wednesday. DA Davidson assumed coverage on Micron Technology in a research note on Monday, May 11th. They issued a “buy” rating and a $1,000.00 price target on the stock. Finally, Susquehanna increased their target price on Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average target price of $737.63.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was 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 trade represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of MU opened at $995.87 on Friday. The business’s fifty day simple moving average is $665.31 and its two-hundred day simple moving average is $459.87. 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, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 47.02 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s revenue for the quarter was up 196 on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. Research analysts anticipate that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. 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 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Key Micron Technology News

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

• Positive Sentiment: Analysts and market commentary remain upbeat on Micron’s AI memory demand, with multiple reports highlighting price-target hikes, strong earnings expectations, and continued leadership in high-bandwidth memory for AI servers. Micron stock jumps as AI memory boom fuels analyst price target hikes
• Positive Sentiment: Micron announced Bechtel as the construction partner for its major New York semiconductor complex, reinforcing its U.S. manufacturing expansion and long-term capacity growth story. Micron Selects Bechtel as Construction Partner for Historic New York Semiconductor Project
• Positive Sentiment: Nvidia CEO Jensen Huang reportedly singled out Micron as a key beneficiary of AI infrastructure spending, which supports the bullish case for Micron’s HBM4 and memory products. Micron Got a Major Vote of Confidence From Nvidia’s Jensen Huang on AI Returns
• Neutral Sentiment: Broad market and sector flows are helping, as chip stocks rebounded with futures and tech sentiment improving after a recent selloff. What’s Going On With Micron Stock Friday?
• Neutral Sentiment: Micron has also seen heavy coverage around its parabolic rally and valuation, which may keep traders cautious ahead of its June 24 earnings report. Can Micron Stock Keep Climbing? New Analyst Calls Offer Clues Ahead of Q3 Earnings
• Negative Sentiment: Some articles point to a recent pullback, profit-taking, and risk-off trading in AI hardware names, suggesting investors are pausing after Micron’s sharp year-to-date surge. Stock Market Today, June 10: Super Micro Computer, Nvidia, Micron Fall as Risk-Off Mood Intensifies

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.