GWN Securities Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 25.1% during the fourth quarter, HoldingsChannel reports. The fund owned 4,126 shares of the semiconductor manufacturer’s stock after purchasing an additional 827 shares during the quarter. GWN Securities Inc.’s holdings in Micron Technology were worth $1,178,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of MU. Janney Montgomery Scott LLC boosted its position in Micron Technology by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 206,995 shares of the semiconductor manufacturer’s stock valued at $59,079,000 after purchasing an additional 1,069 shares during the last quarter. GFS Advisors LLC acquired a new position in Micron Technology in the 4th quarter worth about $1,995,000. Deutsche Bank AG raised its stake in shares of Micron Technology by 11.7% during the 4th quarter. Deutsche Bank AG now owns 4,549,881 shares of the semiconductor manufacturer’s stock worth $1,298,582,000 after purchasing an additional 476,262 shares in the last quarter. Paragon Private Wealth Management LLC purchased a new stake in shares of Micron Technology during the 4th quarter worth about $335,000. Finally, First Dallas Securities Inc. lifted its holdings in shares of Micron Technology by 1.7% during the 4th quarter. First Dallas Securities Inc. now owns 12,876 shares of the semiconductor manufacturer’s stock valued at $3,675,000 after buying an additional 221 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Micron Technology Stock Down 4.7%
Shares of Micron Technology stock opened at $891.88 on Thursday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,089.29. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $652.14 and a two-hundred day moving average price of $454.31. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 42.11 and a beta of 2.16.
Micron Technology Increases Dividend
The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron continues to benefit from strong AI-memory demand, with multiple recent articles highlighting HBM, server DRAM, and SSD exposure as key drivers of the company’s growth. Micron’s Parabolic Run May Have More Room To Go
- Positive Sentiment: Analysts remain broadly constructive: Goldman Sachs and Wells Fargo both raised price targets, reinforcing the view that earnings and AI demand can still support further upside. Micron Technology To $900? Here Are 10 Top Analyst Forecasts For Wednesday
- Positive Sentiment: Micron also announced it selected Bechtel for the first phase of its New York semiconductor campus, a sign that its U.S. manufacturing expansion is moving forward. Micron Selects Bechtel as Construction Partner for Historic New York Semiconductor Project
- Neutral Sentiment: Micron added a high-profile AI/cloud executive, Dr. Alexis Black Björlin, to its board of directors, which supports the company’s strategic positioning but is not a near-term financial catalyst. Micron Appoints Alexis Black Björlin to Board of Directors
- Neutral Sentiment: Several upbeat commentary pieces and momentum screens continue to frame MU as a top AI-infrastructure winner, but these are largely sentiment-driven rather than new operational disclosures. Micron & 2 Momentum Stocks to Buy Now for Explosive Upside
- Negative Sentiment: Shares are being dragged lower along with other AI hardware names as investors react to Super Micro’s stock sale, hotter inflation data, and geopolitical tensions, sparking a broader selloff in semiconductors. Stock Market Today, June 10: Super Micro Computer, Nvidia, Micron Fall as Risk-Off Mood Intensifies
- Negative Sentiment: The stock’s strong run has also left it vulnerable to profit-taking, with some analysts warning that expectations are very high heading into Micron’s June 24 earnings report. Is Micron’s Stock Price Dip a Buying Opportunity?
Analyst Upgrades and Downgrades
MU has been the subject of several recent research reports. Barclays boosted their price target on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Needham & Company LLC lifted 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of Micron Technology from $550.00 to $1,220.00 and gave the company an “overweight” rating in a report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $707.63.
View Our Latest Analysis on Micron Technology
Insider Activity
In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,000 shares of company stock worth $85,486,715 in the last 90 days. Insiders own 0.24% of the company’s stock.
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.
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