Nicolet Advisory Services LLC Increases Stock Holdings in Micron Technology, Inc. $MU

Nicolet Advisory Services LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,116 shares of the semiconductor manufacturer’s stock after purchasing an additional 596 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Micron Technology were worth $3,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Focus Partners Wealth grew its holdings in shares of Micron Technology by 46.3% in the fourth quarter. Focus Partners Wealth now owns 506,109 shares of the semiconductor manufacturer’s stock valued at $144,449,000 after purchasing an additional 160,281 shares during the period. Fort Point Capital Partners LLC purchased a new stake in shares of Micron Technology in the fourth quarter valued at about $286,000. Fortitude Advisory Group L.L.C. grew its holdings in shares of Micron Technology by 0.3% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 9,594 shares of the semiconductor manufacturer’s stock valued at $2,738,000 after purchasing an additional 27 shares during the period. Glen Eagle Advisors LLC grew its holdings in shares of Micron Technology by 20.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 541 shares of the semiconductor manufacturer’s stock valued at $154,000 after purchasing an additional 90 shares during the period. Finally, Horizon Investment Services LLC purchased a new stake in shares of Micron Technology in the fourth quarter valued at about $4,198,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Wall Street Analyst Weigh In

MU has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a report on Friday, May 29th. Stifel Nicolaus upped their target price on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. DA Davidson started coverage on shares of Micron Technology in a research report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price on the stock. TD Cowen upped their target price on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley upped their target price on shares of Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average target price of $737.63.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Down 1.4%

Shares of MU opened at $981.61 on Friday. The stock has a market capitalization of $1.11 trillion, a PE ratio of 46.35 and a beta of 2.16. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,089.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company’s 50-day simple moving average is $677.58 and its 200-day simple moving average is $463.52.

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 the consensus estimate of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s quarterly revenue was up 196 on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. Analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a dividend of $0.15 per share. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio is currently 2.83%.

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.