L & S Advisors Inc Reduces Stock Holdings in Micron Technology, Inc. $MU

L & S Advisors Inc reduced its holdings in Micron Technology, Inc. (NASDAQ:MU) by 28.4% during the 4th quarter, Holdings Channel reports. The fund owned 38,757 shares of the semiconductor manufacturer’s stock after selling 15,392 shares during the period. Micron Technology makes up about 1.0% of L & S Advisors Inc’s holdings, making the stock its 23rd largest holding. L & S Advisors Inc’s holdings in Micron Technology were worth $11,062,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Macroview Investment Management LLC purchased a new stake in shares of Micron Technology in the 4th quarter valued at $292,000. Aspire Growth Partners LLC boosted its holdings in shares of Micron Technology by 2.2% in the 4th quarter. Aspire Growth Partners LLC now owns 2,149 shares of the semiconductor manufacturer’s stock valued at $613,000 after acquiring an additional 46 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of Micron Technology by 13.4% in the 4th quarter. iA Global Asset Management Inc. now owns 166,555 shares of the semiconductor manufacturer’s stock valued at $47,536,000 after acquiring an additional 19,665 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of Micron Technology in the 4th quarter valued at $534,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of Micron Technology in the 4th quarter valued at $14,620,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analysts raised Micron’s earnings estimates, reinforcing expectations that AI-driven memory demand will keep boosting profits. Micron Technology stock report
• Positive Sentiment: Multiple articles highlight tight memory supply and surging demand for HBM, DRAM and SSDs, which supports Micron’s pricing power. Zacks Investment Ideas feature highlights: Micron, Sandisk and Nvidia
• Positive Sentiment: Micron continues to be viewed as a major beneficiary of the AI infrastructure buildout, with analysts and commentators floating much higher valuation targets. Here’s Why Micron Can Reach a $1 Trillion Market Cap This Year
• Neutral Sentiment: Some commentary says Micron’s recent surge has made the stock vulnerable to volatility and profit-taking after the sharp advance. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Negative Sentiment: Renewed uncertainty around U.S.-China chip policy is pressuring semiconductor stocks and dragging Micron lower in the near term. Why Micron Stock Just Dropped
• Negative Sentiment: A director sold shares this week, which may add a small overhang even though the transaction looks routine. Steven J. Gomo insider sale

Analysts Set New Price Targets

Several analysts have recently commented on MU shares. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Sanford C. Bernstein upped their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Royal Bank Of Canada boosted their target price on shares of Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 target price 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, the stock presently has a consensus rating of “Buy” and an average target price of $495.63.

Micron Technology Stock Performance

NASDAQ:MU opened at $724.66 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a fifty day moving average of $479.09 and a two-hundred day moving average of $370.67. The stock has a market capitalization of $817.22 billion, a PE ratio of 34.21 and a beta of 1.91. Micron Technology, Inc. has a fifty-two week low of $90.93 and a fifty-two week high of $818.67.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This is a boost 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%. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, May 1st. The shares were 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 directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $47,032,460. Insiders own 0.24% of the company’s stock.

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.