Groupama Asset Managment Sells 556,936 Shares of Micron Technology, Inc. $MU

Groupama Asset Managment lowered its holdings in Micron Technology, Inc. (NASDAQ:MU) by 41.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 773,172 shares of the semiconductor manufacturer’s stock after selling 556,936 shares during the period. Micron Technology accounts for 3.2% of Groupama Asset Managment’s portfolio, making the stock its 7th largest holding. Groupama Asset Managment’s holdings in Micron Technology were worth $220,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC grew its stake in shares of Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares during the period. SWAN Capital LLC lifted its position in shares of Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after buying an additional 24 shares during the period. Vivaldi Capital Management LP boosted its stake in Micron Technology by 1.2% in the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 24 shares in the last quarter. Round Rock Advisors LLC grew its position in Micron Technology by 0.6% in the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after acquiring an additional 25 shares during the period. Finally, Arlington Trust Co LLC lifted its holdings in shares of Micron Technology by 26.3% during the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 25 shares during the period. 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: Wedbush raised its price target on Micron and reiterated an outperform view, citing strong AI-related demand and improved memory pricing. Micron Technology rises as Wedbush and Stifel raise price targets on AI-driven demand
• Positive Sentiment: Stifel also boosted its target to $1,500, adding to a wave of bullish analyst revisions that suggest further upside if Micron delivers on June 24 earnings. Stifel’s $1,500 Target Bets Micron Has Further to Run
• Positive Sentiment: Deutsche Bank, RBC, and other firms raised targets sharply, signaling growing confidence that AI memory demand and pricing power can support a stronger-than-expected quarter. Micron stock draws aggressive target reset from 5-star analyst
• Positive Sentiment: Investor optimism is also being fueled by reports tying Micron to AI buildout themes, including Apple’s warning that iPhone price hikes may be unavoidable and commentary that Micron has “more room to run” as chip costs rise. Apple Price Hike Warning Sends Micron Stock Soaring
• Neutral Sentiment: Several articles note Micron is trading near record levels and may be overvalued by some valuation models, which could make the stock more sensitive to any earnings disappointment. Micron Technology Inc (MU) Stock Up 8.7% but GF Value Says Overvalued — GF Score: 79/100
• Neutral Sentiment: Micron’s upcoming June 24 earnings report is the key near-term catalyst, with investors watching whether management confirms the bullish AI demand narrative. The Week Ahead: Micron Earnings Take Center Stage

Micron Technology Stock Up 8.7%

Shares of NASDAQ MU opened at $1,133.99 on Friday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,149.43. The firm’s 50-day simple moving average is $733.54 and its 200 day simple moving average is $488.89. 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 company has a market cap of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $9.19 by $3.01. 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 during the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter last year, the company posted $1.56 EPS. The company’s quarterly revenue was up 196 compared to the same quarter last year. On average, research analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% 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, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value 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. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last three months. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho upped their target price on shares of Micron Technology to $800.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, June 8th. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $400.00 to $900.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Rosenblatt Securities raised their price objective on shares of Micron Technology from $600.00 to $1,200.00 and gave the stock a “buy” rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $913.47.

About Micron Technology

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.