Micron Technology, Inc. $MU Holdings Cut by Stevens Capital Management LP

Stevens Capital Management LP reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 91.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,222 shares of the semiconductor manufacturer’s stock after selling 45,565 shares during the quarter. Stevens Capital Management LP’s holdings in Micron Technology were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in MU. REAP Financial Group LLC acquired a new position in Micron Technology during the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology in the third quarter worth $27,000. Elevation Wealth Partners LLC increased 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 worth $27,000 after buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. lifted its stake 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 buying an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake 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 buying an additional 52 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,000 shares of company stock worth $45,458,400 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

MU stock opened at $640.10 on Wednesday. The company has a 50-day simple moving average of $426.37 and a 200 day simple moving average of $341.68. The company has a market capitalization of $721.86 billion, a P/E ratio of 30.22 and a beta of 1.91. 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 fifty-two week low of $78.54 and a fifty-two week high of $651.74.

Micron Technology Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on MU. Wells Fargo & Company upped their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Morgan Stanley boosted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. KeyCorp upped their target price on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. The Goldman Sachs Group raised their price target on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Finally, DA Davidson started coverage on Micron Technology in a research report on Tuesday, April 28th. They set a “buy” rating for the company. Five 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $478.24.

Micron Technology News Roundup

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

• Positive Sentiment: Micron began shipping the industry‑leading 245TB Micron 6600 ION data‑center SSD, a tangible product milestone that supports higher data‑center/AI storage revenue potential. Read More.
• Positive Sentiment: Tight DRAM/NAND/HBM supply and recent price increases are boosting gross margins and cash‑flow expectations, underpinning bullish earnings revisions. Read More.
• Positive Sentiment: Analyst upgrades and sector momentum have driven MU past major milestones (including a >$700B market cap), attracting more institutional and retail attention. Read More.
• Positive Sentiment: Broader chip market strength — spurred by strong AMD/Intel results and chip earnings momentum — is lifting Micron alongside peers. Read More.
• Neutral Sentiment: Unusual options activity (large put trades) is being interpreted by some traders as a bullish speculative signal, but it also indicates elevated positioning and shorter‑term risk. Read More.
• Neutral Sentiment: Heavy social/media chatter about breaking $600 and sold‑out HBM capacity is amplifying momentum but can increase volatility. Read More.
• Neutral Sentiment: Large institutional rebalancings (big additions and reductions across funds) show mixed positioning — supports liquidity but makes the stock sensitive to flow changes. Read More.
• Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline that can trigger short‑term selling despite his remaining large stake. Read More.
• Negative Sentiment: Multiple analysts warn MU looks overbought (RSI readings and rapid gains), recommending profit‑taking or position trimming — raising pullback risk after the parabolic run. Read More.
• Negative Sentiment: Longer‑term risks flagged by bearish commentators include potential re‑balancing of supply/demand, manufacturing constraints that limit near‑term revenue conversion, and concentration of AI demand. Read More.

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.