Independence Bank of Kentucky Has $3.13 Million Holdings in Micron Technology, Inc. $MU

Independence Bank of Kentucky cut its stake in Micron Technology, Inc. (NASDAQ:MU) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,957 shares of the semiconductor manufacturer’s stock after selling 1,614 shares during the period. Independence Bank of Kentucky’s holdings in Micron Technology were worth $3,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the third quarter worth about $27,000. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology during the second quarter valued at about $30,000. Finally, Cullen Frost Bankers Inc. increased its stake in Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 88 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

MU stock opened at $366.24 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year 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 business’s 50 day moving average is $403.11 and its 200-day moving average is $299.91. The firm has a market cap of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.15 per share. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, March 30th. Micron Technology’s dividend payout ratio is currently 2.83%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MU. HSBC raised their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Bank of America boosted their price objective on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Raymond James Financial upped their target price on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $463.71.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction 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 approximately $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. This represents a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 93,623 shares valued at $35,728,508. 0.24% of the stock is owned by insiders.

Micron Technology News Summary

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

• Positive Sentiment: Micron is ramping production to supply NVIDIA’s next‑gen Vera Rubin systems, directly tying MU to near‑term AI server demand and potential revenue upside. Micron Technology (MU) Ramping Up Production For NVDA’s Next-Gen Vera Rubin Systems
• Positive Sentiment: Rosenblatt and other analysts remain bullish (consensus price targets materially above current levels), supporting upside expectations if AI demand sustains. Rosenblatt Bullish on Micron Technology (MU) Amid Strong Revenue Growth
• Positive Sentiment: Market commentators and some strategists are pitching MU as a “buy the pullback” AI‑storage play, arguing the recent drop is fear‑driven rather than fundamentals‑driven. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Top analysts have highlighted multi‑year AI upside for MU, and high‑profile investors adding exposure has supported confidence in the sector’s growth runway. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Neutral Sentiment: Longer‑term speculative pieces debate whether MU can reach trillion‑dollar scale by 2030; useful for context but not immediate catalysts. Will Micron Be a Trillion-Dollar Company By 2030?
• Neutral Sentiment: Valuation narratives: some bullish pieces call MU “cheap” on multiples but warn the company must prove structural tailwinds vs. cyclical memory cycles. Prediction: This Memory Supercycle Growth Stock Could 3X by 2030
• Negative Sentiment: Citi cut its price target citing DDR5 DRAM softness and risk from Google’s TurboQuant memory‑compression tech; that note triggered a notable pullback. Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right
• Negative Sentiment: Coverage changes: Erste downgraded MU from buy to hold, adding near‑term analyst caution that can weigh on sentiment. Finviz
• Negative Sentiment: Tech‑sector headwinds (e.g., commodity/oil moves and broader market rotations) have pressured chip names, creating volatility risk for MU despite solid fundamentals. Oil Surge Shakes Markets As Tech Slips

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.