Micron Technology, Inc. $MU Shares Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 121.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,980 shares of the semiconductor manufacturer’s stock after buying an additional 2,185 shares during the quarter. Texas Bank & Trust Co’s holdings in Micron Technology were worth $1,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares during the last quarter. United Bank purchased a new position in Micron Technology in the second quarter valued at approximately $236,000. Schnieders Capital Management LLC. raised its holdings in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after buying an additional 21,619 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 4.1%

Shares of 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 firm’s 50-day simple moving average is $505.38 and its 200-day simple moving average is $385.66. The company has a market cap of $859.45 billion, a price-to-earnings ratio of 35.98 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The firm 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 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 payout ratio is currently 2.83%.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent analyst reports. DA Davidson assumed coverage on shares of Micron Technology in a research report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Cantor Fitzgerald raised their price objective on Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Royal Bank Of Canada boosted their target price on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, William Blair began coverage on Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating on the stock. Five research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $518.47.

Micron Technology News Roundup

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

• Positive Sentiment: Micron rallied as Samsung averted a worker strike, easing near-term disruption risk while reinforcing expectations that memory-chip supply could stay tight and prices remain strong. Micron and SK Hynix Stocks Rise. The Memory-Chip Boom Is Back.
• Positive Sentiment: Analysts and market commentary continued to highlight Micron as a key beneficiary of the AI memory boom, with upbeat coverage pointing to strong revenue, margins, and valuation support. MU vs. AMD: Which AI Semiconductor Stock Is the Better Buy?
• Positive Sentiment: Several articles framed Micron’s longer-term outlook as exceptionally strong, citing structural AI demand, possible industry shortages, and upside scenarios that could keep investors bullish. Boom or Bubble? This Is Where Micron Technology Stock Could Be in 5 Years
• Neutral Sentiment: Micron also received attention from articles discussing a recent pullback and whether the stock’s rapid run-up has made it vulnerable to volatility or valuation concerns. Down 14%, Should You Buy the Dip in Micron Stock?
• Negative Sentiment: One bearish-leaning piece questioned whether Micron’s strong cycle can last, warning that history could eventually catch up with the stock if memory pricing cools. Boom or Bubble? This Is Where Micron Technology Stock Could Be in 5 Years

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 106,000 shares of company stock valued at $47,032,460 over the last three months. Company insiders own 0.24% of the company’s stock.

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.