Baader Bank Aktiengesellschaft Has $2.22 Million Stake in Micron Technology, Inc. $MU

Baader Bank Aktiengesellschaft lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 284.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,503 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,290 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Micron Technology were worth $2,224,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Western Wealth Management LLC grew its position in shares of Micron Technology by 44.3% during the 4th quarter. Western Wealth Management LLC now owns 3,136 shares of the semiconductor manufacturer’s stock worth $895,000 after buying an additional 963 shares during the period. Atlas Private Wealth Advisors acquired a new stake in shares of Micron Technology during the 4th quarter worth approximately $245,000. Allworth Financial LP boosted its stake in Micron Technology by 103.0% during the 4th quarter. Allworth Financial LP now owns 63,097 shares of the semiconductor manufacturer’s stock worth $18,008,000 after acquiring an additional 32,018 shares during the last quarter. Castle Rock Wealth Management LLC bought a new position in Micron Technology during the 4th quarter worth approximately $262,000. Finally, BG Investment Services LLC bought a new position in Micron Technology during the 4th quarter worth approximately $299,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity

In related news, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the company’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 completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,000 shares of company stock valued at $47,032,460 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Analysts and market commentators say Micron is benefiting from surging demand for HBM, DRAM and AI infrastructure memory, with supply still tight. BofA Sees More Room for Micron’s AI Rally
• Positive Sentiment: Micron is being highlighted as a direct AI winner, with articles arguing the company is still early in the AI cycle rather than near the top of it. Why Daniel Newman Thinks Micron Technology Proves We Are Still In AI ‘Parking Lot’— It Is ‘Not Late’ To Get In
• Positive Sentiment: Fresh product momentum also supports the bull case, including sampling of a faster 256GB DDR5 server module for AI and data-center workloads. Micron Redefines AI Performance With Sampling of 256GB DDR5 Server Module
• Neutral Sentiment: Some investors are also watching Micron’s sharp run and warning that the stock may be extended after a huge rally, which could mean near-term volatility even if the long-term story remains strong. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Negative Sentiment: A broader chip-sector pullback and profit-taking briefly weighed on MU earlier in the week as traders worried the memory-supercycle trade had run too far, too fast. Why Sandisk, Micron stock are plunging upto 9% on Tuesday

Micron Technology Price Performance

Shares of MU opened at $803.63 on Thursday. The company has a market cap of $906.28 billion, a price-to-earnings ratio of 37.94 and a beta of 1.91. Micron Technology, Inc. has a 1-year low of $90.93 and a 1-year high of $818.67. The company’s fifty day simple moving average is $464.69 and its 200 day simple moving average is $364.25. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

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 issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 2.83%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America lifted 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 lifted their price target on shares of Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. The Goldman Sachs Group lifted 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. Mizuho lifted their price target on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, Wedbush lifted their price target on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $495.63.

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.