1,842 Shares in Micron Technology, Inc. $MU Bought by Dixon Mitchell Investment Counsel Inc.

Key Points

• Dixon Mitchell Investment Counsel opened a new position in Micron Technology, buying 1,842 shares worth about $526,000 in the fourth quarter.
• Institutional ownership in Micron remains high, with several large firms increasing stakes; the article notes that 80.84% of shares are held by institutional investors.
• Analyst sentiment is broadly bullish, with multiple firms raising price targets and the consensus rating staying at Buy amid optimism around AI-driven memory demand and strong earnings momentum.

Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,842 shares of the semiconductor manufacturer's stock, valued at approximately $526,000.

Several other large investors have also recently added to or reduced their stakes in MU. Norges Bank bought a new position in Micron Technology during the fourth quarter worth $6,433,456,000. AQR Capital Management LLC lifted its stake in Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the last quarter. Vanguard Group Inc. lifted its stake in Micron Technology by 1.9% during 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. Finally, Renaissance Technologies LLC lifted its stake in Micron Technology by 151.0% during the fourth quarter. Renaissance Technologies LLC now owns 3,011,143 shares of the semiconductor manufacturer's stock worth $859,411,000 after purchasing an additional 1,811,607 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MU shares. Sanford C. Bernstein raised their price objective on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Morgan Stanley raised their price objective on Micron Technology from $520.00 to $1,050.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. Citigroup raised their price objective on Micron Technology from $425.00 to $840.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Finally, Susquehanna raised their target price on Micron Technology from $600.00 to $1,750.00 and gave the company a "positive" rating in a research note on Friday, May 29th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned 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 target price of $737.63.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated 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 transaction, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated 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 transaction, the executive vice president directly owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 146,000 shares of company stock valued at $85,486,715 in the last three months. 0.24% of the stock is currently owned by insiders.

Micron Technology Price Performance

Shares of MU opened at $981.61 on Friday. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 46.35 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,089.29. The stock's fifty day moving average is $677.58 and its 200-day moving average is $463.52.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating analysts' consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company's quarterly revenue was up 196 compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. Equities analysts anticipate that Micron Technology, Inc. will post 59.23 EPS for the current year.

Micron Technology Increases Dividend

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

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.

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