Payne Capital Management LLC Buys New Stake in Micron Technology, Inc. $MU

Payne Capital Management LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,144 shares of the semiconductor manufacturer’s stock, valued at approximately $327,000.

Other large investors have also recently bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Micron Technology in the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the third quarter valued at $27,000. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 52 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of MU stock opened at $517.16 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 52-week low of $77.64 and a 52-week high of $535.50. The stock has a market cap of $583.22 billion, a PE ratio of 24.42 and a beta of 1.60. The firm’s 50 day moving average price is $422.13 and its two-hundred day moving average price is $336.46.

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 an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s payout ratio is 2.83%.

Analysts Set New Price Targets

Several brokerages have weighed in on MU. The Goldman Sachs Group upped their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Melius Research began coverage on shares of Micron Technology in a research note on Monday. They set a “buy” rating and a $700.00 price objective on the stock. Bank of America upped their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wells Fargo & Company increased their target price on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Finally, Sanford C. Bernstein increased their target price on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Five 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $478.24.

Micron Technology News Roundup

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

• Positive Sentiment: Top analyst DA Davidson initiated coverage with an aggressive $1,000 price target, underpinning the recently renewed buy interest in MU and supporting upside expectations. Micron Stock Price Can Double to $1,000, Analyst Says. Here’s How.
• Positive Sentiment: Memory-sector momentum from strong results at peers (notably Seagate) and broad AI infrastructure spending has lifted Micron shares as investors price in higher DRAM/NAND demand for data centers and AI systems. Micron stock jumps 5% as AI boom fuels memory demand optimism
• Positive Sentiment: Meta’s earnings/capex commentary has prompted buyers into AI supply-chain names (including Micron) as investors anticipate sustained enterprise AI capex that benefits memory suppliers. Why smart investors are buying Nvidia and Micron after Meta’s call
• Positive Sentiment: Component shortages and higher memory prices are supporting vendor margins and pricing power; Apple’s strong margins despite shortages is a positive signal for memory suppliers like Micron. Apple Gross Margins Soar Despite Component Shortages
• Neutral Sentiment: Independent coverage and stock-picking write-ups continue to spotlight MU among AI beneficiaries; these pieces increase visibility but don’t guarantee near-term moves. Micron Technology (NASDAQ:MU) Research Coverage Started at Melius Research
• Neutral Sentiment: Micron will present at the J.P. Morgan TMT conference (May 20), giving management a platform to update investors on HBM, capacity plans and margins — an event to watch for guidance or color. Micron Announces Participation in Investor Event
• Neutral Sentiment: Valuation-focused coverage asks whether MU’s rapid run already prices in a best-case AI memory supercycle; these analyses could encourage profit-taking or more measured buying by value-focused funds. Is It Too Late To Consider Micron Technology (MU) After Its Rapid Share Price Surge
• Negative Sentiment: Market strategists warn the semiconductor rally has been sharp and volatility may follow; a broader pullback in the sector could weigh on MU despite long-term tailwinds. The Semiconductor Pop Was Violent — the Pullback Could Be Too

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were 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 of the company’s stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 89,000 shares of company stock valued at $34,755,250. Company 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.