Sandy Cove Advisors LLC Acquires New Holdings in Micron Technology, Inc. $MU

Sandy Cove Advisors LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 797 shares of the semiconductor manufacturer’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 44 Wealth Management LLC grew its holdings in Micron Technology by 0.7% in the fourth quarter. 44 Wealth Management LLC now owns 8,345 shares of the semiconductor manufacturer’s stock worth $2,382,000 after purchasing an additional 60 shares during the last quarter. CYBER HORNET ETFs LLC grew its holdings in Micron Technology by 6.0% in the fourth quarter. CYBER HORNET ETFs LLC now owns 3,167 shares of the semiconductor manufacturer’s stock worth $904,000 after purchasing an additional 180 shares during the last quarter. Optimize Financial Inc grew its holdings in Micron Technology by 1.4% in the fourth quarter. Optimize Financial Inc now owns 10,689 shares of the semiconductor manufacturer’s stock worth $3,051,000 after purchasing an additional 152 shares during the last quarter. Glenview Trust Co purchased a new position in Micron Technology in the fourth quarter worth $497,000. Finally, Genus Capital Management Inc. acquired a new position in Micron Technology during the 4th quarter valued at about $885,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. DA Davidson initiated coverage on Micron Technology in a report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 price target for the company. Susquehanna upped their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday, March 9th. Needham & Company LLC upped their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Five research 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $518.47.

Micron Technology News Roundup

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

• Positive Sentiment: Micron began manufacturing advanced 1α DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s 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 sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 106,000 shares of company stock valued at $47,032,460 over the last three months. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of MU opened at $751.00 on Monday. The firm has a market capitalization of $846.93 billion, a PE ratio of 35.46 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a 1-year low of $90.93 and a 1-year high of $818.67. The company’s fifty day moving average price is $512.03 and its 200-day moving average price is $389.29.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis 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 dividend payout ratio is presently 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.