1,509 Shares in Micron Technology, Inc. $MU Purchased by Nixon Peabody Trust Co.

Key Points

• Nixon Peabody Trust Co. bought 1,509 shares of Micron Technology in the fourth quarter, valued at about $431,000. The filing also noted that institutional investors now own 80.84% of the stock.
• Micron’s stock was reported as down 1.5%, while shares were trading at a high valuation with a market cap of $846.93 billion and a 12-month range of $90.93 to $818.67.
• The company recently raised its quarterly dividend to $0.15 per share from $0.12, but the yield remains low at 0.1%. Analysts overall remain constructive, with a consensus rating of Buy and an average price target of $518.47.

Nixon Peabody Trust Co. purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,509 shares of the semiconductor manufacturer's stock, valued at approximately $431,000.

Several other large investors have also recently bought and sold shares of MU. REAP Financial Group LLC bought a new stake in shares of Micron Technology during the third quarter worth approximately $25,000. High Note Wealth LLC increased its stake in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC lifted its holdings in Micron Technology by 295.8% during the 4th 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. boosted its stake in Micron Technology by 4,800.0% in 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. boosted its stake in Micron Technology by 91.2% in 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 period. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Down 1.5%

Shares of NASDAQ MU opened at $751.00 on Friday. The company has a market cap of $846.93 billion, a price-to-earnings ratio of 35.46 and a beta of 1.91. 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, Inc. has a 12 month low of $90.93 and a 12 month high of $818.67. The stock has a 50-day moving average price of $512.03 and a two-hundred day moving average price of $388.21.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's payout ratio is presently 2.83%.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 106,000 shares of company stock valued at $47,032,460 in the last quarter. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Wells Fargo & Company upped their price target on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Summit Insights lowered 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 objective 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, Phillip Securities raised shares of Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $518.47.

Micron Technology News Roundup

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

• Positive Sentiment: Micron began manufacturing advanced 1α DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

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.

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