Rathbones Group PLC Reduces Stake in Micron Technology, Inc. $MU

Rathbones Group PLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 8.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,665 shares of the semiconductor manufacturer’s stock after selling 2,017 shares during the period. Rathbones Group PLC’s holdings in Micron Technology were worth $5,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. AQR Capital Management LLC increased 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 during the last quarter. Slate Path Capital LP acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $317,751,000. State Street Corp increased its position in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Micron Technology by 70.2% during the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock worth $505,942,000 after purchasing an additional 1,246,773 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Micron Technology by 1,064.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer’s stock worth $218,264,000 after purchasing an additional 1,192,433 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

MU stock opened at $377.76 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market capitalization of $426.01 billion, a P/E ratio of 17.84 and a beta of 1.60. The business’s 50-day moving average is $402.88 and its two-hundred day moving average is $302.37. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $471.34.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is 2.83%.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. This represents a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 91,623 shares worth $35,053,508. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent analyst reports. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Morgan Stanley raised their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Piper Sandler raised their price objective on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a report on Monday, March 16th. Finally, Bank of America raised their target price on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $463.71.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: KeyBanc reiterated an upgrade and a high $600 price target, arguing continued structural demand for high‑bandwidth memory tied to AI servers — the note bolsters the bull case and is cited as a near‑term catalyst. Micron Stock Rises. Why This Analyst Sees a 60% Gain
• Positive Sentiment: MarketBeat / InvestorPlace coverage highlights Micron as a core beneficiary of NVIDIA’s data‑center roadmap — institutional accumulation and record revenue prints for AI memory are supporting further multiple expansion. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher
• Positive Sentiment: Zacks and other market write‑ups position Micron as one of the primary AI infrastructure plays (alongside storage and networking names), reinforcing investor rotation into memory stocks on bullish growth forecasts. Forget NVIDIA: 2 AI Stocks Poised to Be Next Big Winners
• Positive Sentiment: Reports (Benzinga coverage) say Micron has secured major AI deals with pricing floors and upfront payments — that improves revenue visibility and reduces spot‑price exposure, a meaningful fundamental positive for near‑term cash flow. What Do Experts Think Of Micron Technology’s Competition And Fundamentals?
• Neutral Sentiment: Macro and market sentiment (e.g., ceasefire optimism) are lifting indexes and helping MU alongside other cyclical tech names — positive flow, but not company‑specific fundamental news. Nasdaq 100: Seagate, Micron Lift US Indices on Ceasefire Optimism
• Negative Sentiment: Insider selling remains prominent (recent EVP sale ~ $13.9M and multiple documented insider dispositions). Heavy insider sales can be read as a signal to traders and may pressure sentiment if they continue. Insider Selling: Micron Technology (NASDAQ:MU) EVP Sells $13,895,600.00 in Stock
• Negative Sentiment: Critical analysis flags potential risks: algorithmic/trend‑driven upside (“turboquant”), capex timing/lags, and historical patterns where momentum names can sharply pull back — these cautionary takes argue for discipline around valuation and timing. Micron: TurboQuant And Capex Lag Is Not A Good Combination

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.