Micron Technology, Inc. $MU Position Raised by Versor Investments LP

Versor Investments LP raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 162.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,000 shares of the semiconductor manufacturer’s stock after buying an additional 3,715 shares during the quarter. Versor Investments LP’s holdings in Micron Technology were worth $1,712,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the last quarter. United Bank bought a new stake in shares of Micron Technology during the second quarter valued at about $236,000. Schnieders Capital Management LLC. raised its stake in shares of Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after purchasing an additional 21,619 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated 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 completion of 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 104,000 shares of company stock valued at $45,458,400. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MU shares. Mizuho lifted their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Barclays lifted their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Citigroup cut their price objective on shares of Micron Technology from $510.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Rosenblatt Securities restated a “buy” rating and set a $500.00 price objective on shares of Micron Technology in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $478.24.

Micron Technology Price Performance

NASDAQ:MU opened at $795.33 on Tuesday. The business’s 50-day moving average price is $449.78 and its 200 day moving average price is $356.05. The firm has a market cap of $896.92 billion, a P/E ratio of 37.55 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 quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 2.83%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: D.A. Davidson reiterated a Buy rating on Micron and set a $1,000 price target, citing strong AI memory demand and tight supply conditions that could support higher pricing and margins. Micron Technology (MU) Stock Surges 5% on AI Memory Tailwinds and Supply Constraints
• Positive Sentiment: Multiple reports say Micron is benefiting from an AI-memory supercycle, with memory-chip shortages, strong DRAM/HBM pricing, and sold-out high-bandwidth memory adding to optimism about earnings growth. Micron Rallies as Memory Chip Shortage Fuels AI Demand
• Positive Sentiment: Micron is drawing heavy trader attention after crossing the $800 level, with options flow and social-media buzz pointing to expectations for further upside as the stock’s momentum remains strong. Micron Technology Stock (MU) Opinions on Breaking $800 Barrier
• Neutral Sentiment: Commentary from investors and analysts continues to frame Micron as one of the biggest beneficiaries of the AI infrastructure buildout, with some price targets now far above current levels. Trading expert sets date when Micron stock will hit $3,000
• Neutral Sentiment: Micron has also become a popular stock among hedge funds, traders, and ETF managers, which reinforces momentum but does not by itself change the fundamentals. 5 AI Stocks Wall Street Is Watching Now: Nvidia, Micron, and More

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.