Nwam LLC Trims Stake in Micron Technology, Inc. $MU

Nwam LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,289 shares of the semiconductor manufacturer’s stock after selling 1,238 shares during the quarter. Nwam LLC’s holdings in Micron Technology were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. D Orazio & Associates Inc. increased its position in shares of Micron Technology by 2.9% during the fourth quarter. D Orazio & Associates Inc. now owns 2,378 shares of the semiconductor manufacturer’s stock valued at $679,000 after buying an additional 66 shares during the period. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at about $225,000. Dogwood Wealth Management LLC boosted its stake in Micron Technology by 9.4% during the fourth quarter. Dogwood Wealth Management LLC now owns 394 shares of the semiconductor manufacturer’s stock worth $112,000 after acquiring an additional 34 shares in the last quarter. EWA LLC boosted its stake in Micron Technology by 2.3% during the fourth quarter. EWA LLC now owns 3,489 shares of the semiconductor manufacturer’s stock worth $996,000 after acquiring an additional 79 shares in the last quarter. Finally, Northern Capital Management Inc. bought a new stake in Micron Technology during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Analyst Upgrades and Downgrades

Several research firms recently commented on MU. Mizuho boosted their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. The Goldman Sachs Group boosted their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Bank of America boosted their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $478.24.

Micron Technology Trading Up 15.4%

Shares of Micron Technology stock opened at $746.33 on Friday. The firm’s 50 day simple moving average is $435.84 and its two-hundred day simple moving average is $348.07. The firm has a market capitalization of $841.66 billion, a price-to-earnings ratio of 35.24 and a beta of 1.91. Micron Technology, Inc. has a 12-month low of $84.68 and a 12-month high of $747.21. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. 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. Micron Technology’s dividend payout ratio is presently 2.83%.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 104,000 shares of company stock worth $45,458,400 in the last 90 days. Insiders own 0.24% of the company’s stock.

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.