GPS Wealth Strategies Group LLC Sells 1,549 Shares of Micron Technology, Inc. $MU

GPS Wealth Strategies Group LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 79.8% during the fourth quarter, HoldingsChannel reports. The fund owned 391 shares of the semiconductor manufacturer’s stock after selling 1,549 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Micron Technology were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CFO4Life Group LLC bought a new stake in Micron Technology during the 4th quarter worth approximately $636,000. EverSource Wealth Advisors LLC grew its holdings in Micron Technology by 11.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,627 shares of the semiconductor manufacturer’s stock worth $2,748,000 after acquiring an additional 997 shares during the last quarter. Americana Partners LLC grew its holdings in Micron Technology by 124.6% during the 4th quarter. Americana Partners LLC now owns 7,425 shares of the semiconductor manufacturer’s stock worth $2,119,000 after acquiring an additional 4,119 shares during the last quarter. Nixon Peabody Trust Co. bought a new stake in Micron Technology during the 4th quarter worth approximately $431,000. Finally, Mizuho Markets Americas LLC bought a new stake in Micron Technology during the 4th quarter worth approximately $31,395,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein boosted 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. KeyCorp boosted their price target on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Morgan Stanley boosted their price target on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Finally, UBS Group boosted their price target on shares of Micron Technology from $510.00 to $535.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned 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 target price of $518.47.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction 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 $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 106,000 shares of company stock valued at $47,032,460 in the last ninety days. Insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Micron began manufacturing advanced 1? DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

Micron Technology Stock Down 1.5%

Shares of NASDAQ MU opened at $751.00 on Friday. The company has a market capitalization of $846.93 billion, a P/E ratio of 35.46 and a beta of 1.91. Micron Technology, Inc. has a 52-week low of $90.93 and a 52-week high of $818.67. 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 moving average price is $512.03 and its 200-day moving average price is $388.21.

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 dividend of $0.15 per share. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s 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.