Severin Investments LLC Buys New Holdings in Micron Technology, Inc. $MU

Severin Investments LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,839 shares of the semiconductor manufacturer’s stock, valued at approximately $475,000.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $1,980,700,000. AQR Capital Management LLC increased its position in 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 worth $606,873,000 after purchasing an additional 2,918,535 shares in the last quarter. Slate Path Capital LP acquired a new stake in Micron Technology during the 2nd quarter worth approximately $317,751,000. State Street Corp raised its holdings in Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after buying an additional 1,349,713 shares during the period. Finally, California Public Employees Retirement System lifted its position in Micron Technology by 70.2% during the third 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. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Trading Up 0.0%

NASDAQ MU opened at $461.73 on Thursday. The stock has a market cap of $519.68 billion, a P/E ratio of 43.89 and a beta of 1.50. The company’s fifty day simple moving average is $398.74 and its 200-day simple moving average is $279.79. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same period last year, the business earned $1.56 EPS. The business’s revenue was up 196.3% on a year-over-year basis. Equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is 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 dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 4.37%.

Micron Technology News Roundup

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

• Positive Sentiment: Blowout quarter and sky-high guidance: MU reported revenue of $23.86B and EPS of $12.20, both well above Street estimates, and management guided Q3 revenue to ~$33.5B with an ~81% gross margin outlook — this is the primary catalyst for the rally. Micron Just Smashed Estimates – Buy The Dip
• Positive Sentiment: Margin and pricing power surge: gross margins jumped into the mid-70s percent range, reflecting strong pricing and operating leverage from AI/data-center memory demand — supports higher profits and cash flow. Micron’s Q4: Why This AI Super-Cycle Is Different
• Positive Sentiment: Product and capacity momentum: volume production of HBM4 and new PCIe Gen6 SSDs plus a completed Taiwan site acquisition position Micron to capture AI-driven share gains long term. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Positive Sentiment: Dividend bump and analyst upgrades: Micron raised its dividend (~30%) and several firms raised price targets (Bernstein to $510, multiple $500+ targets), reinforcing bullish analyst sentiment. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Macro backdrop — Fed/PPI and higher rates: hotter PPI and a Fed dot-plot that signals limited cuts this year add uncertainty to tech multiples and could moderate enthusiasm. New Fed “Dot Plot” Sends Markets Sliding
• Neutral Sentiment: Options positioning/volatility may mute follow-through: heavy pre-earnings positioning and gamma/vol dynamics could pin short-term price action despite strong fundamentals. Micron’s Stock May Plunge Following Earnings Results
• Negative Sentiment: Large planned CapEx and spending worries: management flagged very high near‑term capital spending (tens of billions), which spooked some investors worried about cash deployment and margin sustainability. Micron’s Q4: Why This AI Super-Cycle Is Different
• Negative Sentiment: Geopolitical/energy and supply constraints: reports that high spending and an attack affecting Qatar energy supplies rattled traders; separate commentary warns that power and capacity bottlenecks could limit upside and prompted pre-market/after-hours pullbacks. Micron Stock Plunges as High Spending Plans and an Attack on Qatar Energy Supplies Spook Investors

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. William Blair began coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating for the company. Bank of America lifted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Stifel Nicolaus upped their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada increased their price target on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a report on Monday. Finally, UBS Group raised their price objective on Micron Technology to $475.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $400.79.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by 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.