5,678 Shares in Micron Technology, Inc. $MU Bought by M3 Wealth Management LLC

Key Points

• M3 Wealth Management LLC opened a new position in Micron Technology, buying 5,678 shares valued at about $1.62 million. The stake makes Micron 1.3% of the firm’s holdings and its 20th largest position.
• Institutional interest in Micron remains strong, with hedge funds and other investors reporting increased or new positions, while institutions now own 80.84% of the company. At the same time, several insiders have sold shares in recent months, including director Steven J. Gomo and EVP April S. Arnzen.
• Analysts remain broadly bullish on Micron, with a consensus "Buy" rating and an average price target of $571.47. Recent upbeat commentary has focused on AI-driven memory demand, helping support Micron’s sharp stock rally and $1.01 trillion market capitalization.

M3 Wealth Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,678 shares of the semiconductor manufacturer's stock, valued at approximately $1,620,000. Micron Technology accounts for 1.3% of M3 Wealth Management LLC's holdings, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Micron Technology by 21.7% in the 2nd 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 period. United Bank acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. raised its stake in shares of Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 6,867 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after purchasing an additional 21,619 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction that occurred on 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 owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business'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 value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This represents 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 ninety days, insiders have sold 106,000 shares of company stock worth $47,032,460. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the topic of several recent research reports. DA Davidson initiated coverage on Micron Technology in a research note on Monday, May 11th. They issued a "buy" rating and a $1,000.00 price target on the stock. KeyCorp lifted their price target on Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Erste Group Bank downgraded Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Stifel Nicolaus raised their price objective on Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Cantor Fitzgerald raised their price objective on Micron Technology from $450.00 to $700.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $571.47.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS more than tripled its price target on Micron, calling out stronger AI demand and long-term supply deals, which sparked a major re-rating of the stock. Micron closes in on $1 trillion market value as UBS triples share price target
• Positive Sentiment: Analysts say the AI memory boom is still in its early stages, with Micron benefiting from structural shortages and multi-year demand tied to data center buildouts. Micron Stock (MU): This Top Analyst Says the AI Memory Boom Is Just Getting Started
• Positive Sentiment: Micron’s move above a $1 trillion valuation and its strong momentum are drawing more institutional attention and boosting sentiment across the semiconductor sector. Micron hits $1 trillion market cap for the first time as stock surges 18%
• Neutral Sentiment: Commentary around President Trump’s praise of Micron added to the buzz, but most articles suggest the real catalyst is the UBS upgrade and AI-driven fundamentals rather than politics. Donald Trump said 'Micron's great'—3 days later MU stock crosses 1 trillion in market cap
• Neutral Sentiment: Micron’s Virginia DRAM manufacturing launch and expanded U.S. production support the long-term domestic supply story, but this appears secondary to the current rally. Micron Expands U.S. Memory Production With Virginia DRAM Launch

Micron Technology Price Performance

Shares of NASDAQ MU opened at $895.88 on Wednesday. The business's 50 day moving average price is $528.34 and its two-hundred day moving average price is $397.68. The company has a market cap of $1.01 trillion, a PE ratio of 42.30 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, Inc. has a twelve month low of $92.22 and a twelve month high of $916.80.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business's revenue was up 196 compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 earnings per share. On average, analysts predict that Micron Technology, Inc. will post 57.82 EPS for the current year.

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 issued a dividend of $0.15 per share. This is a boost from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio is presently 2.83%.

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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