US Bancorp DE Lowers Stake in Micron Technology, Inc. $MU

US Bancorp DE lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 914,092 shares of the semiconductor manufacturer’s stock after selling 53,636 shares during the period. US Bancorp DE’s holdings in Micron Technology were worth $260,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MU. AQR Capital Management LLC raised its position in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Micron Technology by 70.2% during the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock valued at $505,942,000 after buying an additional 1,246,773 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Micron Technology by 1,064.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer’s stock valued at $218,264,000 after buying an additional 1,192,433 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock valued at $1,196,427,000 after buying an additional 1,188,296 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. Bank of America raised their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. DA Davidson began coverage on shares of Micron Technology in a research report on Tuesday. They set a “buy” rating on the stock. Stifel Nicolaus raised their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald lifted their target price on shares of Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Five 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $478.24.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s 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 completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 89,000 shares of company stock worth $34,755,250. Insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $518.46 on Thursday. The stock has a market cap of $584.68 billion, a PE ratio of 24.48 and a beta of 1.60. The company’s fifty day moving average is $420.13 and its 200 day moving average is $335.19. Micron Technology, Inc. has a 52 week low of $73.50 and a 52 week high of $531.36. 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 declared 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. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is 2.83%.

Micron Technology News Summary

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

• Positive Sentiment: DA Davidson initiated coverage with a Buy and a $1,000 price target, arguing AI-driven memory demand could double Micron’s valuation — this is the most bullish call on the tape and has driven fresh buying interest. Micron (MU) Stock Soars as DA Davidson Sets Bold $1,000 Target Amid AI Memory Boom
• Positive Sentiment: TD Cowen raised its price target to $660 and reiterated Buy, adding to the momentum of upward revisions across sell?side coverage. TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU)
• Positive Sentiment: Sector tailwind: upbeat results and guidance from Seagate and other storage names lifted investor confidence that enterprise AI capex remains robust, benefiting DRAM/NAND demand expectations for Micron. Storage stocks jump as Seagate’s upbeat forecast fuels confidence in AI spending
• Positive Sentiment: Broader analyst momentum — multiple firms (Melius, Lynx, UBS, etc.) have lifted targets or reiterated conviction, supporting a bullish consensus and higher forward earnings estimates from some shops. Micron Stock Price Can Double to $1,000, Analyst Says. Here’s How.
• Neutral Sentiment: Micron will present at the J.P. Morgan Global Technology, Media & Communications Conference on May 20 — a chance to hear updated strategy/guideposts but not an immediate earnings event. Micron Announces Participation in Investor Event
• Neutral Sentiment: Erste Group nudged up FY2026/27 EPS estimates — small modeling tweaks that reflect rising demand assumptions but the firm still rates the stock Hold. MarketBeat – Micron updates and analyst notes
• Negative Sentiment: Risk reminders: some pieces flag that AI capex could slow (reports about OpenAI execution and “forecast could spell trouble”), which would hurt cyclical memory demand if enterprise spending cools. This Forecast Could Spell Trouble for Micron Technology Stock
• Negative Sentiment: Market skeptics note heavy insider selling disclosures and the stock’s sharp run — raising valuation and concentration risk if sentiment reverses. Quiver Quant – insider & institutional activity

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.