Larson Financial Group LLC Trims Stake in Micron Technology, Inc. $MU

Larson Financial Group LLC lowered its position in Micron Technology, Inc. (NASDAQ:MU) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,502 shares of the semiconductor manufacturer’s stock after selling 755 shares during the quarter. Larson Financial Group LLC’s holdings in Micron Technology were worth $2,427,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp grew its holdings in Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after acquiring an additional 285,582 shares in the last quarter. Capital International Investors boosted its holdings in shares of Micron Technology by 0.7% in the 3rd 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of Micron Technology by 8.0% in the 3rd 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 in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Micron Technology by 1.9% in the 3rd 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 in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

NASDAQ:MU opened at $698.74 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market cap of $787.99 billion, a price-to-earnings ratio of 32.99 and a beta of 1.91. The company has a 50 day moving average price of $491.35 and a 200-day moving average price of $378.29. Micron Technology, Inc. has a 1-year low of $90.93 and a 1-year high of $818.67.

Micron Technology Increases Dividend

The company also recently announced 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 is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is presently 2.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MU. Susquehanna lifted their target price on shares of Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. Citigroup lifted their target price on shares of Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Stifel Nicolaus lifted their target price on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Melius Research began coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $518.47.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Citigroup raised its price target on Micron Technology (MU) to $840 from $425 and reiterated a buy rating, while Mizuho lifted its target to $800 with an outperform rating, signaling continued Wall Street confidence in the stock’s upside. Article Title
• Positive Sentiment: Multiple articles highlighted Micron as a standout in the AI memory trade, arguing that enterprise AI is shifting capital spending toward storage and NAND flash, which could sustain pricing power and margin expansion for Micron. Article Title
• Positive Sentiment: Investor sentiment was further supported by articles noting that Micron remains one of the market’s profitable AI-related picks and that Wall Street’s 12-month forecasts for the stock remain broadly bullish. Article Title
• Neutral Sentiment: Some commentary suggested Micron’s earlier pullback was tied to broader semiconductor weakness, valuation concerns after a big AI-driven rally, and macro worries such as higher bond yields and memory-demand uncertainty. Article Title

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred 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 $227,643,978.78. The trade was a 8.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,000 shares of company stock valued at $47,032,460 in the last quarter. 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.