Wolff Wiese Magana LLC Acquires 9,723 Shares of Micron Technology, Inc. $MU

Wolff Wiese Magana LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 451.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,876 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,723 shares during the period. Micron Technology accounts for about 1.9% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 11th largest holding. Wolff Wiese Magana LLC’s holdings in Micron Technology were worth $3,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. Brighton Jones LLC grew its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after acquiring an additional 628 shares during the last quarter. United Bank purchased a new position in Micron Technology in the second quarter worth $236,000. Schnieders Capital Management LLC. increased its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after acquiring an additional 6,867 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Micron Technology in the second quarter valued at $1,294,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, 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 transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Wolfe Research raised their price objective on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. KeyCorp upped their target price on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Barclays lifted their price target on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $466.75.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $357.22 on Friday. The business has a 50 day moving average of $406.20 and a 200 day moving average of $291.86. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The company has a market cap of $402.85 billion, a PE ratio of 16.87 and a beta of 1.50. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is presently 2.17%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Mass production of HBM4 for Nvidia is now underway, giving Micron direct exposure to a tight, high-value AI memory market that supports pricing power and revenue upside. Read More.
• Positive Sentiment: Micron reported an outsized quarter with revenue and guidance well ahead of expectations and announced a 30% dividend increase — signals of strong cash flow and management confidence that support a bullish thesis. (MarketBeat coverage)
• Positive Sentiment: Analyst optimism is rising: MU is among the most-upgraded stocks this year and several shops (including Erste Group) sharply raised EPS forecasts and targets, which underpins continued buy-side interest and higher price targets. (MarketBeat / analyst notes)
• Positive Sentiment: NAND/SSD and data-center demand remain strong, giving another revenue leg beyond HBM that could sustain results even if some DRAM demand moderates. Read More.
• Neutral Sentiment: Technical/flow dynamics: MU snapped a six-day losing streak today as some investors rotate back in after recent weakness; momentum screens still flag MU as a momentum pick for some portfolios. Read More.
• Negative Sentiment: Macro and risk-off pressure from escalating Iran-war headlines knocked tech stocks broadly this week and triggered rotation out of high-flying names like Micron. Read More.
• Negative Sentiment: Google’s TurboQuant / model-compression research and similar advances raise the risk that some AI workloads will require less memory per model, a structural worry that has pressured memory-chip multiples across the sector. Read More.
• Negative Sentiment: Short-term technical and cyclical concerns: MU briefly broke below its 50-day moving average, has seen multi-session percentage declines (some reports note ~20–25% drops over several days), and some analysts warn the AI-memory rally may be peaking — all of which increase volatility and downside risk. Read More. • Read More.
• Negative Sentiment: Corporate action noise: a cash tender offer for ~$5.4B of senior notes drew some negative market reaction when announced, adding to short-term selling pressure. Read More.

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.