Oregon Public Employees Retirement Fund Purchases 682 Shares of Micron Technology, Inc. $MU

Oregon Public Employees Retirement Fund grew its position in Micron Technology, Inc. (NASDAQ:MU) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,612 shares of the semiconductor manufacturer’s stock after purchasing an additional 682 shares during the quarter. Micron Technology makes up about 0.5% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 29th largest holding. Oregon Public Employees Retirement Fund’s holdings in Micron Technology were worth $36,707,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Stonebridge Financial Group LLC MO purchased a new position in shares of Micron Technology in the fourth quarter worth $795,000. Summit Wealth Group LLC Co. purchased a new position in shares of Micron Technology in the fourth quarter worth $493,000. Ameritas Advisory Services LLC lifted its holdings in shares of Micron Technology by 55.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,495 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 534 shares in the last quarter. AIFG Consultants Ltd. purchased a new position in shares of Micron Technology in the fourth quarter worth $220,000. Finally, Independent Advisor Alliance lifted its holdings in shares of Micron Technology by 14.4% in the fourth quarter. Independent Advisor Alliance now owns 41,125 shares of the semiconductor manufacturer’s stock worth $11,738,000 after buying an additional 5,170 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. TD Cowen boosted their target price on shares of Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. UBS Group boosted their target price on shares of Micron Technology from $510.00 to $535.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Barclays boosted their target price on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Five investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $495.63.

Micron Technology News Summary

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

• Positive Sentiment: Micron announced it is shipping the 245TB Micron 6600 ION SSD, the highest-capacity commercially available SSD, underscoring demand for its storage products. Article Title
• Positive Sentiment: Micron began sampling a 256GB DDR5 RDIMM for AI and data-center workloads, supporting the bullish case for memory demand. Article Title
• Positive Sentiment: Samsung labor disruption concerns could tighten global DRAM and NAND supply, improving Micron’s pricing power and margin outlook. Article Title
• Positive Sentiment: Analysts reiterated bullish views on MU, with recent Buy/Outperform calls and targets near $1,000 or higher reflecting confidence in AI-driven earnings growth. Article Title
• Neutral Sentiment: Some commentary says Micron’s sharp rally has made the stock look stretched in the short term, so traders may see near-term volatility or consolidation. Article Title
• Neutral Sentiment: Broader chip-sector weakness and profit-taking hit memory names on Tuesday, which can pressure MU despite the longer-term bullish trend. Article Title

Micron Technology Price Performance

Micron Technology stock opened at $766.58 on Wednesday. The company has a market cap of $864.50 billion, a price-to-earnings ratio of 36.19 and a beta of 1.91. The firm’s fifty day moving average is $456.87 and its 200 day moving average is $360.05. 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, Inc. has a 52-week low of $90.93 and a 52-week high of $818.67.

Micron Technology Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change 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 payout ratio is currently 2.83%.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the company’s 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 sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,000 shares of company stock valued at $45,458,400 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

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.