Micron Technology, Inc. $MU Shares Bought by IFG Advisory LLC

IFG Advisory LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 128.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,564 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,511 shares during the quarter. IFG Advisory LLC’s holdings in Micron Technology were worth $3,300,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MU. AQR Capital Management LLC increased 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 purchasing an additional 2,918,535 shares during the period. Vanguard Group Inc. increased 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 purchasing an additional 1,954,644 shares during the period. California Public Employees Retirement System increased 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 purchasing an additional 1,246,773 shares during the period. Voloridge Investment Management LLC increased 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 purchasing an additional 1,192,433 shares during the period. Finally, Wellington Management Group LLP increased 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 purchasing an additional 1,188,296 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Susquehanna raised their price objective on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. Wells Fargo & Company raised their price objective on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Rosenblatt Securities reissued a “buy” rating and set a $500.00 price objective on shares of Micron Technology in a research note on Monday, March 16th. Needham & Company LLC raised their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group raised their price objective on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $554.80.

Trending Headlines about 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 firm has a market cap of $1.04 trillion, a PE ratio of 43.60 and a beta of 1.91. The business has a fifty day simple moving average of $547.31 and a 200-day simple moving average of $407.37. 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 fifty-two week low of $92.22 and a fifty-two week high of $956.16.

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

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. 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. Micron Technology’s payout ratio is 2.83%.

Insiders Place Their Bets

In other news, 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 value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 106,000 shares of company stock worth $47,032,460. 0.24% of the stock is currently owned by corporate insiders.

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.