Micron Technology, Inc. $MU Shares Acquired by MCF Advisors LLC

MCF Advisors LLC grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 1,124.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 808 shares of the semiconductor manufacturer’s stock after purchasing an additional 742 shares during the period. MCF Advisors LLC’s holdings in Micron Technology were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. First Command Advisory Services Inc. lifted its stake in shares of Micron Technology by 23.9% in the 4th quarter. First Command Advisory Services Inc. now owns 347 shares of the semiconductor manufacturer’s stock valued at $99,000 after purchasing an additional 67 shares during the last quarter. Invst LLC acquired a new position in Micron Technology during the 4th quarter worth about $315,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Micron Technology by 44.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 266,055 shares of the semiconductor manufacturer’s stock worth $75,935,000 after acquiring an additional 81,713 shares in the last quarter. Patron Partners LLC acquired a new position in Micron Technology during the 4th quarter worth about $288,000. Finally, Pinebridge Investments LLC acquired a new position in Micron Technology during the 4th quarter worth about $30,520,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Down 13.3%

MU stock opened at $864.01 on Friday. The company’s 50 day moving average price is $617.28 and its 200 day moving average price is $437.99. 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 fifty-two week low of $103.38 and a fifty-two week high of $1,089.29. The firm has a market capitalization of $974.37 billion, a price-to-earnings ratio of 40.79 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last released its 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 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 analyst estimates of $19.97 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was up 196 compared to the same quarter last year. On average, equities research analysts anticipate that Micron Technology, Inc. will post 58.79 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 2.83%.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 over the last 90 days. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays increased their target price on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. The Goldman Sachs Group increased their target price on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Wells Fargo & Company increased their target price on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Morgan Stanley increased their target price on Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five equities research 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $641.97.

More Micron Technology News

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 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.