LaFleur & Godfrey LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 799 shares of the semiconductor manufacturer’s stock, valued at approximately $228,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of MU. REAP Financial Group LLC purchased a new stake in Micron Technology during the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology in the third quarter worth about $27,000. Elevation Wealth Partners LLC boosted its position in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its stake 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 purchasing an additional 96 shares during the period. Finally, GHP Investment Advisors Inc. increased 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 purchasing an additional 52 shares during the last quarter. 80.84% of the stock is owned by institutional investors.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron began shipping its industry‑leading 245TB 6600 ION data‑center SSD, strengthening its product edge in high‑capacity AI/storage markets and supporting near‑term revenue upside. Industry-Leading 245TB Micron 6600 ION Data Center SSD Now Shipping
- Positive Sentiment: Tight supply across DRAM, NAND and HBM is allowing Micron to raise prices and expand gross margins — a key fundamental driver behind the rally and stronger cash‑flow expectations. Still Time to Pay Up for Micron & Sandisk Stock?
- Positive Sentiment: Sector momentum from AI chip winners (strong AMD results, broader chip upgrades) and a memory‑stock rally (Samsung hitting major market‑cap milestones) is lifting MU alongside peers. Analyst upgrades and higher targets have amplified buying. Micron zooms past $700 billion market cap as rally in memory stocks accelerates
- Positive Sentiment: Unusual options flows (large put trades interpreted by some traders as contrarian/bullish positioning) have been cited as evidence of speculative conviction and add to short‑term liquidity. Micron Technology huge, unusual put option activity – a bullish signal as MU rises 12%
- Neutral Sentiment: Heavy social/media discussion about MU breaking key price levels and HBM sold‑out claims is amplifying momentum but also increasing intraday volatility and retail trading flow sensitivity. Micron Technology Stock (MU) Opinions on Breaking $600 Barrier
- Neutral Sentiment: Large institutional rebalancing (big additions and trims across funds) shows mixed positioning — supports liquidity but makes MU sensitive to fund flows. Quiver Quantitative institutional holdings summary
- Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline‑sensitive event that can prompt short‑term selling despite his retained large stake. SEC Filing: Insider Sale
- Negative Sentiment: Analysts and commentators warn MU is overbought (RSI in overbought territory) and flag risks: demand re‑equilibration, model efficiency reducing memory intensity, concentration of AI demand, and manufacturing constraints that could limit near‑term revenue conversion. These raise pullback risk after a sharp run. Analyst warns of a peak in Micron stock
Micron Technology Price Performance
Micron Technology Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date 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%.
Insider Activity at Micron Technology
In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 104,000 shares of company stock worth $45,458,400. 0.24% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on MU shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Mizuho upped their target price on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Summit Insights downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Piper Sandler boosted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $478.24.
Check Out Our Latest Analysis on Micron Technology
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.
See Also
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