13,751 Shares in Micron Technology, Inc. $MU Bought by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, HoldingsChannel.com reports. The firm bought 13,751 shares of the semiconductor manufacturer’s stock, valued at approximately $4,048,000. Micron Technology accounts for 0.2% of SBI Okasan Asset Management Co.Ltd.’s holdings, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC lifted its position in Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 24 shares during the period. Round Rock Advisors LLC lifted its holdings in shares of Micron Technology by 0.6% during the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after acquiring an additional 25 shares during the period. Arlington Trust Co LLC lifted its holdings in shares of Micron Technology by 26.3% during the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 25 shares during the period. Manuka Financial LLC lifted its holdings in shares of Micron Technology by 2.3% during the fourth quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock valued at $355,000 after acquiring an additional 28 shares during the period. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of Micron Technology by 20.9% during the fourth quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock valued at $48,000 after acquiring an additional 29 shares during the period. 80.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Erste Group Bank cut Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Royal Bank Of Canada lifted their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a report on Monday, March 16th. KeyCorp lifted their price objective on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Wedbush lifted their price objective on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $554.80.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is owned by company insiders.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $923.52 on Friday. Micron Technology, Inc. has a twelve month low of $92.22 and a twelve month high of $956.16. The firm has a market cap of $1.04 trillion, a PE ratio of 43.60 and a beta of 1.91. 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 business has a fifty day moving average of $547.31 and a 200-day moving average of $407.37.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same period last year, the company posted $1.56 earnings per share. The firm’s quarterly revenue was up 196 compared to the same quarter last year. On average, equities research analysts predict that Micron Technology, Inc. will post 57.82 EPS for the current fiscal year.

Micron Technology Increases Dividend

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

Micron Technology News Roundup

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

• Positive Sentiment: UBS raised its price target on Micron to a Wall Street-high $1,625, reinforcing the view that AI memory demand can support much higher earnings and valuation multiples. Benzinga
• Positive Sentiment: Barclays also boosted its target to $1,175 and kept an Overweight rating, adding to the bullish analyst momentum around MU. Finbold
• Positive Sentiment: Commentary across several outlets points to surging AI infrastructure spending, tight memory supply, and improving pricing power, which could lift Micron’s margins and earnings further. Zacks
• Neutral Sentiment: Micron’s market value crossing $1 trillion has drawn enormous attention and momentum buying, but it also raises valuation questions and has sparked debate about whether the rally is becoming overextended. GuruFocus
• Neutral Sentiment: Some articles highlight that Micron is now being compared with other AI winners and memory peers such as SK Hynix and Samsung, underscoring a broader sector rerating rather than a company-specific event alone. Barron's
• Negative Sentiment: At least one piece warns that Micron may be “priced for perfection,” suggesting the stock could be vulnerable if AI spending slows or memory prices normalize faster than expected. 24/7 Wall St.

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.