VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stake in Micron Technology, Inc. $MU

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Micron Technology, Inc. (NASDAQ:MU) by 68.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,586 shares of the semiconductor manufacturer’s stock after buying an additional 161,386 shares during the period. Micron Technology accounts for 0.7% of VIRGINIA RETIREMENT SYSTEMS ET Al’s investment portfolio, making the stock its 23rd biggest holding. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Micron Technology were worth $113,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 52 shares during the period. Finally, Joseph Group Capital Management bought a new position in shares of Micron Technology during the 4th quarter valued at approximately $31,000. 80.84% of the stock is owned by institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron announced it is shipping and sampling new high-capacity AI/data-center products, including the 245TB Micron 6600 ION SSD and 256GB DDR5 server modules, reinforcing its role as a key supplier to AI infrastructure. Article Title
• Positive Sentiment: Analysts remained bullish, with D.A. Davidson initiating coverage with a Buy rating and a $1,000 price target, while other commentary highlighted strong AI memory demand, tight supply, and potential upside if pricing stays firm. Article Title
• Neutral Sentiment: Several articles framed Micron as a major AI winner and a trending stock, but these pieces were largely commentary on valuation and momentum rather than new fundamental developments. Article Title
• Negative Sentiment: The biggest near-term headwind is profit-taking across the semiconductor memory sector, with reports saying Micron fell sharply alongside SanDisk and Western Digital as investors paused after an extended rally. Article Title
• Negative Sentiment: Some market commentary also warned that the chip rally may be overheating, with concerns about valuation and “peak-cycle” risk after Micron’s rapid surge to record levels. Article Title

Micron Technology Stock Down 3.6%

MU opened at $766.58 on Wednesday. The company has a 50 day moving average of $456.87 and a 200 day moving average of $360.05. The company has a market cap of $864.50 billion, a PE ratio of 36.19 and a beta of 1.91. Micron Technology, Inc. has a 12 month low of $90.93 and a 12 month high of $818.67. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MU. Needham & Company LLC increased their target price on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Wedbush increased their target price on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. UBS Group increased their target price on shares of Micron Technology from $510.00 to $535.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Cantor Fitzgerald increased their target price on shares of Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Five 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 data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $495.63.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,000 shares of company stock valued at $45,458,400 in the last three months. Company 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.