Signature Estate & Investment Advisors LLC Reduces Holdings in Micron Technology, Inc. $MU

Signature Estate & Investment Advisors LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 386,687 shares of the semiconductor manufacturer’s stock after selling 30,049 shares during the quarter. Micron Technology makes up about 2.2% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 10th largest position. Signature Estate & Investment Advisors LLC’s holdings in Micron Technology were worth $110,364,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after purchasing an additional 23,117 shares during the last quarter. Generation Capital Management LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at $238,000. Wealthfront Advisers LLC grew its holdings in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after purchasing an additional 8,489 shares during the last quarter. Westpac Banking Corp grew its holdings in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after purchasing an additional 16,509 shares during the last quarter. Finally, Avanda Investment Management Pte. Ltd. bought a new position in shares of Micron Technology during the 3rd quarter valued at $418,000. 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 shares are rising as the memory-chip rally reawakens, with Samsung’s last-minute labor deal and strike fears helping fuel expectations for tighter supply and higher pricing across the sector. Micron and SK Hynix Stocks Rise. The Memory-Chip Boom Is Back.
• Positive Sentiment: Micron is also benefiting from a wave of bullish AI-memory coverage, with investors focusing on structural demand from data centers, record revenue guidance, and strong gross-margin potential. Micron’s AI Memory Dominance Is Just Beginning
• Positive Sentiment: Several analysts are arguing Micron’s valuation still looks attractive relative to other AI chip names, reinforcing the case that the stock can keep climbing if memory demand stays hot. MU vs. AMD: Which AI Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Micron Biomedical announced the grand opening of a commercial-scale manufacturing site in Georgia, a long-term operational milestone that is not likely to move MU shares much in the short term. Micron Biomedical Celebrates the Grand Opening of Its Commercial-Scale Manufacturing Site in Georgia
• Negative Sentiment: A contrarian take notes that the easy money in this memory cycle may already be behind investors, suggesting upside could become harder to realize if pricing or demand cools. Micron: The Easy Money In This Cycle Is Behind Us

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 106,000 shares of company stock worth $47,032,460. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 4.1%

NASDAQ MU opened at $762.10 on Friday. Micron Technology, Inc. has a fifty-two week low of $90.93 and a fifty-two week high of $818.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The stock has a 50 day simple moving average of $505.38 and a two-hundred day simple moving average of $385.66. The stock has a market cap of $859.45 billion, a P/E ratio of 35.98 and a beta of 1.91.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a $0.15 dividend. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MU shares. The Goldman Sachs Group boosted their target price on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Melius Research initiated coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price target on the stock. Bank of America raised their price target on Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. KeyCorp raised their price target on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. 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. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $518.47.

Micron Technology 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.