PSI Advisors LLC Sells 600 Shares of Micron Technology, Inc. $MU

PSI Advisors LLC trimmed its stake in Micron Technology, Inc. (NASDAQ:MU) by 28.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,510 shares of the semiconductor manufacturer’s stock after selling 600 shares during the quarter. PSI Advisors LLC’s holdings in Micron Technology were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Community Bank & Trust Waco Texas increased its position in shares of Micron Technology by 1.2% in the fourth quarter. Community Bank & Trust Waco Texas now owns 18,628 shares of the semiconductor manufacturer’s stock worth $5,317,000 after purchasing an additional 217 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Micron Technology by 12.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 32,792 shares of the semiconductor manufacturer’s stock worth $9,359,000 after purchasing an additional 3,664 shares during the last quarter. Key Financial Inc grew its position in Micron Technology by 101.7% during the fourth quarter. Key Financial Inc now owns 365 shares of the semiconductor manufacturer’s stock valued at $104,000 after acquiring an additional 184 shares during the last quarter. Perissos Private Wealth Management LLC bought a new position in Micron Technology during the fourth quarter valued at approximately $285,000. Finally, Employees Retirement System of Texas bought a new position in Micron Technology during the fourth quarter valued at approximately $3,767,000. 80.84% of the stock is currently owned by institutional investors.

Key Micron Technology News

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

• Positive Sentiment: UBS and Barclays raised their Micron price targets, with UBS setting a Street-high target of $1,625, fueling fresh buying. Benzinga report on UBS price target hike
• Positive Sentiment: Investors are betting that AI-driven shortages in DRAM and HBM memory will keep pricing power strong, supporting Micron’s earnings and margins. Reuters article on Micron joining the $1 trillion club
• Positive Sentiment: Micron’s latest earnings and guidance were extremely strong, with revenue up sharply year over year and management pointing to even higher fiscal Q3 revenue and margins. Seeking Alpha article on Micron’s AI bottleneck trade
• Positive Sentiment: The company announced its fiscal third-quarter earnings report will be released on June 24, keeping attention on another potential catalyst. Micron earnings date announcement
• Neutral Sentiment: Micron has crossed the $1 trillion market-cap milestone, a major headline that underscores the scale of the rally but also raises valuation questions. Forbes article on Micron passing $1 trillion
• Neutral Sentiment: Broader tech and chip stocks are also benefiting from the AI trade, helping support Micron’s move even as the wider market remains mixed. MarketWatch article on memory-chip rally
• Negative Sentiment: Some commentators warn the stock may be getting extended after its huge run, arguing that Micron is now priced for perfection and could be vulnerable if sentiment cools. 24/7 Wall St. cautionary article

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 106,000 shares of company stock worth $47,032,460 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Summit Insights cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Morgan Stanley increased their price target on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Erste Group Bank cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. TD Cowen increased their price target on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Five 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’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $566.47.

Micron Technology Stock Up 3.6%

Shares of Micron Technology stock opened at $928.41 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 52-week low of $92.22 and a 52-week high of $956.16. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 43.83 and a beta of 1.91. The company’s 50 day moving average price is $538.07 and its 200-day moving average price is $402.54.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter last year, the business earned $1.56 earnings per share. The business’s revenue was up 196 on a year-over-year basis. Equities research analysts forecast that Micron Technology, Inc. will post 57.82 EPS for the current year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Micron Technology Company 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.