Private Advisory Group LLC Boosts Holdings in Micron Technology, Inc. $MU

Private Advisory Group LLC grew its position in Micron Technology, Inc. (NASDAQ:MU) by 10.5% during the 4th quarter, HoldingsChannel reports. The fund owned 74,540 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,076 shares during the period. Micron Technology comprises about 1.7% of Private Advisory Group LLC’s investment portfolio, making the stock its 12th largest holding. Private Advisory Group LLC’s holdings in Micron Technology were worth $21,274,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Micron Technology by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after purchasing an additional 773,788 shares during the last quarter. State Street Corp lifted its stake in Micron Technology by 0.6% in the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after purchasing an additional 285,582 shares during the last quarter. Capital International Investors boosted its position in shares of Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after buying an additional 155,860 shares during the period. Invesco Ltd. boosted its position in shares of Micron Technology by 8.0% during the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after buying an additional 708,716 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Micron Technology by 1.9% during the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer’s stock valued at $1,217,394,000 after buying an additional 135,850 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MU. The Goldman Sachs Group raised their price target on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Itau BBA Securities reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. UBS Group lifted their price objective on shares of Micron Technology from $475.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. 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 MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $466.75.

Micron Technology Price Performance

Shares of MU stock opened at $357.22 on Monday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $471.34. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $406.20 and a two-hundred day simple moving average of $294.03. The stock has a market capitalization of $402.85 billion, a price-to-earnings ratio of 16.87 and a beta of 1.50.

Micron Technology Increases Dividend

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

Insider Buying and Selling at Micron Technology

In related news, 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 transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott R. Allen sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have acquired 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 currently owned by corporate insiders.

More Micron Technology News

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.