Simplicity Wealth LLC Decreases Stock Holdings in Micron Technology, Inc. $MU

Simplicity Wealth LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,556 shares of the semiconductor manufacturer’s stock after selling 1,168 shares during the quarter. Simplicity Wealth LLC’s holdings in Micron Technology were worth $1,015,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. State Street Corp lifted its stake in Micron Technology by 0.6% in the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after purchasing an additional 285,582 shares in the last quarter. Capital International Investors lifted its stake in Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Invesco Ltd. raised its position in shares of Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after buying an additional 708,716 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Micron Technology by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer’s stock valued at $1,217,394,000 after buying an additional 135,850 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

More Micron Technology News

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

• Positive Sentiment: DA Davidson and other brokers have issued very bullish price targets (one high-profile note says MU could double to $1,000), driving momentum and analyst attention; that bullish initiation is helping lift investor sentiment. Micron Stock Price Can Double to $1,000, Analyst Says. Here’s How.
• Positive Sentiment: Multiple Wall Street firms have raised targets/estimates recently (TD Cowen bumped its target to $660; Erste Group raised FY estimates), signaling growing confidence in Micron’s earnings runway as AI and data-center demand expands. TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU)
• Positive Sentiment: Sector tailwinds: strong results from data-storage and semiconductor peers (e.g., Seagate, NXP) and renewed AI capex expectations are being interpreted as support for DRAM/NAND pricing and Micron’s revenue mix. Micron’s stock is gaining. Here’s why the semiconductor trade has sprung back to life.
• Positive Sentiment: Product/business optimism: coverage pieces highlight Micron’s HBM and AI-focused memory exposure and large forward EPS growth expectations, reinforcing a growth narrative for long-term investors. There Is Optimism Around Micron Technology’s HBM Business, Here Is What You Should Know?
• Neutral Sentiment: Investor access: Micron confirmed executive participation at the J.P. Morgan Global TMC Conference (May 20), which may provide incremental clarity but is not an immediate earnings catalyst. Micron Announces Participation in Investor Event
• Neutral Sentiment: New research coverage (Melius Research initiation) increases analyst visibility and trading interest but does not itself change fundamentals. Micron Technology (NASDAQ:MU) Research Coverage Started at Melius Research
• Negative Sentiment: Volatility risk: commentary warns that the semiconductor “pop” has been rapid and could reverse quickly — a sharp sector pullback would pressure MU given its big recent run. The Semiconductor Pop Was Violent — the Pullback Could Be Too
• Negative Sentiment: At least one forecast piece flags downside risk if industry pricing or end-market spending softens; with the stock up dramatically YTD, valuation sensitivity is a concern for some investors. This Forecast Could Spell Trouble for Micron Technology Stock

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 89,000 shares of company stock valued at $34,755,250. Insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $517.16 on Friday. The company has a fifty day simple moving average of $422.13 and a two-hundred day simple moving average of $336.46. The company has a market cap of $583.22 billion, a price-to-earnings ratio of 24.42 and a beta of 1.60. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 52 week low of $77.64 and a 52 week high of $535.50.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. 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%. Micron Technology’s payout ratio is presently 2.83%.

Analysts Set New Price Targets

MU has been the topic of several analyst reports. Citigroup reduced their price target on shares of Micron Technology from $510.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Morgan Stanley lifted their price target on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Piper Sandler lifted their price target on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research report on Monday, February 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $478.24.

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.