Intech Investment Management LLC Trims Stake in Micron Technology, Inc. $MU

Intech Investment Management LLC cut its position in Micron Technology, Inc. (NASDAQ:MU) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 120,456 shares of the semiconductor manufacturer’s stock after selling 2,469 shares during the quarter. Intech Investment Management LLC’s holdings in Micron Technology were worth $34,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. REAP Financial Group LLC purchased a new stake in shares of Micron Technology in the third quarter worth $25,000. High Note Wealth LLC increased its stake in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 52 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho increased their price target on Micron Technology to $800.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group increased their price target on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Bank of America raised their target price on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Needham & Company LLC raised their target price on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, KeyCorp raised their target price on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $554.80.

Insider Buying and Selling at Micron Technology

In other Micron Technology 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 completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade 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, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $227,643,978.78. This trade represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 106,000 shares of company stock worth $47,032,460 over the last three months. 0.24% of the stock is owned by company insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: UBS raised its price target on Micron to a Wall Street-high $1,625, reinforcing the view that AI memory demand can support much higher earnings and valuation multiples. Benzinga
• Positive Sentiment: Barclays also boosted its target to $1,175 and kept an Overweight rating, adding to the bullish analyst momentum around MU. Finbold
• Positive Sentiment: Commentary across several outlets points to surging AI infrastructure spending, tight memory supply, and improving pricing power, which could lift Micron’s margins and earnings further. Zacks
• Neutral Sentiment: Micron’s market value crossing $1 trillion has drawn enormous attention and momentum buying, but it also raises valuation questions and has sparked debate about whether the rally is becoming overextended. GuruFocus
• Neutral Sentiment: Some articles highlight that Micron is now being compared with other AI winners and memory peers such as SK Hynix and Samsung, underscoring a broader sector rerating rather than a company-specific event alone. Barron's
• Negative Sentiment: At least one piece warns that Micron may be “priced for perfection,” suggesting the stock could be vulnerable if AI spending slows or memory prices normalize faster than expected. 24/7 Wall St.

Micron Technology Stock Performance

MU opened at $923.52 on Friday. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 43.60 and a beta of 1.91. The company has a fifty day moving average of $547.31 and a 200 day moving average of $407.37. Micron Technology, Inc. has a fifty-two week low of $92.22 and a fifty-two week high of $956.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. Micron Technology’s quarterly revenue was up 196 on a year-over-year basis. During the same period last year, the company posted $1.56 earnings per share. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 57.82 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Micron Technology 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.