St. Louis Financial Planners Asset Management LLC Takes $4.74 Million Position in Micron Technology, Inc. $MU

St. Louis Financial Planners Asset Management LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 16,595 shares of the semiconductor manufacturer’s stock, valued at approximately $4,737,000. Micron Technology accounts for approximately 2.9% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in Micron Technology in the second quarter valued at $1,980,700,000. AQR Capital Management LLC boosted its position in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after purchasing an additional 2,918,535 shares in the last quarter. Slate Path Capital LP bought a new position in shares of Micron Technology during the 2nd quarter worth about $317,751,000. State Street Corp grew its stake in shares of Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after buying an additional 1,349,713 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Micron Technology by 70.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock valued at $505,942,000 after buying an additional 1,246,773 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MU. Barclays upped their price target on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Morgan Stanley boosted their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, TD Cowen increased their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and an average target price of $453.55.

Micron Technology News Summary

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

Micron Technology Price Performance

MU opened at $422.81 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 1.78. The company has a market capitalization of $475.87 billion, a price-to-earnings ratio of 19.96 and a beta of 1.50. The firm’s fifty day moving average price is $402.64 and its two-hundred day moving average price is $283.04. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $471.34.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $8.50 by $3.70. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $18.90 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 196.3% on a year-over-year basis. As a group, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a $0.15 dividend. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 2.17%.

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.