LeClair Wealth Partners LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 908 shares of the semiconductor manufacturer’s stock, valued at approximately $259,000.
Several other large investors have also bought and sold shares of the stock. Prudent Man Advisors LLC bought a new position in Micron Technology during the 4th quarter worth $1,271,000. Erste Asset Management GmbH raised its position in Micron Technology by 48.7% during the 4th quarter. Erste Asset Management GmbH now owns 206,159 shares of the semiconductor manufacturer’s stock worth $60,933,000 after purchasing an additional 67,530 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Micron Technology by 16.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 165,677 shares of the semiconductor manufacturer’s stock worth $47,286,000 after purchasing an additional 23,700 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Micron Technology during the 4th quarter worth $126,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in Micron Technology by 3.0% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 22,866 shares of the semiconductor manufacturer’s stock worth $6,526,000 after purchasing an additional 671 shares during the last quarter. 80.84% of the stock is owned by institutional investors.
Insider Transactions at Micron Technology
In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 37,439 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at $371,728,524.32. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on Micron Technology
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron was certified as an HBM4 memory supplier for Nvidia’s next-generation Vera Rubin AI platform, reinforcing its role in the AI memory supply chain and highlighting continued demand for high-bandwidth memory. Micron’s HBM4 Certification With Nvidia Puts AI Memory Margins In Focus
- Positive Sentiment: Wall Street sentiment remains broadly constructive, with recent analyst reports and price-target hikes pointing to expectations for strong AI-driven earnings and tight memory supply. Morgan Stanley raises Micron stock price target
- Positive Sentiment: Recent coverage continues to frame Micron as a major beneficiary of AI infrastructure spending, with some analysts still arguing the stock has upside despite its huge run-up. Micron (MU) Boasts Earnings & Price Momentum: Should You Buy?
- Neutral Sentiment: Mixed commentary around Micron’s valuation and its recent $1 trillion-plus market-cap rally is keeping investors cautious ahead of the next earnings report, even as the company’s fundamentals remain strong. Micron Stock Price Forecast — What Top Analysts Expect Ahead of June 24 Earnings
- Neutral Sentiment: Broader market weakness in chip stocks and a hotter-than-expected U.S. jobs report added to the risk-off tone, pressuring semiconductors across the board. Micron, Sandisk stocks slide as traders exit high-flying AI plays
- Negative Sentiment: Broadcom’s disappointing AI guidance triggered a sharp unwind in the “AI trade,” dragging Micron lower even though there was no company-specific negative news. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
- Negative Sentiment: Some analysts and commentators are warning that memory-chip prices may be nearing a peak, raising concerns that Micron’s blockbuster rally may have run too far too fast. Micron Stock Drops, Brace for the Memory-Price Peak
Micron Technology Stock Performance
Shares of Micron Technology stock opened at $864.01 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $617.28 and a two-hundred day moving average price of $439.38. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,089.29. The company has a market cap of $974.37 billion, a P/E ratio of 40.79 and a beta of 2.15.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period last year, the business posted $1.56 EPS. The business’s revenue was up 196 compared to the same quarter last year. As a group, analysts anticipate that Micron Technology, Inc. will post 58.79 EPS for the current year.
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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is presently 2.83%.
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.
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