Sigma Investment Counselors Inc. bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,056 shares of the semiconductor manufacturer’s stock, valued at approximately $301,000.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. State Street Corp lifted its stake in Micron Technology by 0.6% in the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after acquiring an additional 285,582 shares during the period. Capital International Investors lifted its stake in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares during the period. Invesco Ltd. lifted its stake in Micron Technology by 8.0% in the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock worth $1,609,981,000 after acquiring an additional 708,716 shares during the period. Finally, Legal & General Group Plc lifted its stake in Micron Technology by 1.9% in the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer’s stock worth $1,217,394,000 after acquiring an additional 135,850 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 104,000 shares of company stock worth $45,458,400. 0.24% of the stock is owned by corporate insiders.
Micron Technology Stock Performance
Micron Technology Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a $0.15 dividend. This is a boost 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%. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio is presently 2.83%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MU. HSBC upped their price objective on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Mizuho upped their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Royal Bank Of Canada upped their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Finally, Citigroup lowered their price objective on shares of Micron Technology from $510.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Five equities research 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 company. According to MarketBeat, Micron Technology has an average rating of “Buy” and an average target price of $478.24.
Check Out Our Latest Analysis on Micron Technology
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Company began shipping the industry?leading 245TB Micron 6600 ION data?center SSD, strengthening Micron’s positioning in AI/cloud storage where customers need higher capacity and efficiency. Industry-Leading 245TB Micron 6600 ION Data Center SSD Now Shipping
- Positive Sentiment: Strong near?term financials and AI memory tightness: recent reports cite very large YoY net income growth, elevated DRAM/NAND/HBM pricing and sales momentum as customers scramble for capacity, which supports margins and cash flow expectations. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness
- Positive Sentiment: Sector momentum and analyst upgrades have pushed MU past major market?cap and price milestones; several firms raised targets and coverage amid the AI infrastructure bull case. Micron zooms past $700 billion market cap as rally in memory stocks accelerates
- Positive Sentiment: Unusual options and trading flows (large put activity interpreted by some traders as bullish hedging/speculation) are amplifying short?term conviction and liquidity. Micron Technology huge, unusual put option activity – a bullish signal as MU rises 12%
- Neutral Sentiment: Heavy social/media chatter about MU breaking $600 and sold?out HBM through 2026 is magnifying momentum but also elevating short?term volatility (noise vs. fundamentals). Micron Technology Stock Opinions on Breaking $600 Barrier
- Neutral Sentiment: Large institutional rebalancing (big buys and large reductions by different funds) leaves the stock highly liquid but sensitive to fund flows. Quiver Quantitative institutional holdings summary
- Negative Sentiment: Insider selling: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), which can trigger headline selling despite his remaining large stake. SEC Filing: Insider Sale
- Negative Sentiment: Analyst/commentator cautions about overbought technicals (RSI elevated), models that could reduce memory intensity, and near?term manufacturing constraints — all raise the risk of a meaningful pullback or profit?taking. Analyst warns of a peak in Micron stock
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.
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