St. Louis Financial Planners Asset Management LLC Invests $4.74 Million in Micron Technology, Inc. $MU

St. Louis Financial Planners Asset Management LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,595 shares of the semiconductor manufacturer’s stock, valued at approximately $4,737,000. Micron Technology comprises approximately 2.9% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Noble Wealth Management PBC bought a new position in Micron Technology in the fourth quarter valued at about $40,000. REAP Financial Group LLC acquired a new stake in shares of Micron Technology during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology during the third quarter worth about $27,000. Cullen Frost Bankers Inc. grew its holdings in shares of Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in shares of Micron Technology by 205.5% in the third quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 150 shares during the period. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Bank of America upped their price target on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC raised their price target on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Phillip Securities upgraded shares of Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $453.55.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares in the company, valued at approximately $45,891,091.62. This trade represents a 8.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 68,623 shares valued at $25,989,258. 0.24% of the stock is owned by insiders.

Micron Technology News Summary

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

Micron Technology Stock Performance

NASDAQ:MU opened at $422.81 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.78 and a current ratio of 2.90. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $471.34. The company has a 50 day simple moving average of $402.64 and a two-hundred day simple moving average of $283.04. The company has a market capitalization of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $18.90 billion. During the same quarter in the previous year, the company earned $1.56 EPS. The company’s revenue for the quarter was up 196.3% on a year-over-year basis. Research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 2.17%.

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.