Annis Gardner Whiting Capital Advisors LLC Increases Holdings in Micron Technology, Inc. $MU

Key Points

• Annis Gardner Whiting Capital Advisors increased its Micron Technology stake by 207.6% in the fourth quarter, ending with 2,707 shares valued at about $773,000.
• Micron is expanding U.S. memory-chip manufacturing, starting advanced 1α DRAM production in Virginia, a move tied to growing demand in AI, automotive, defense, aerospace and industrial markets.
• Wall Street remains broadly bullish on Micron, with analysts issuing higher price targets and a consensus rating of Buy; however, some coverage warns that recent gains may already reflect much of the upside.

Annis Gardner Whiting Capital Advisors LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 207.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,707 shares of the semiconductor manufacturer's stock after purchasing an additional 1,827 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC's holdings in Micron Technology were worth $773,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. High Note Wealth LLC raised its stake in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in Micron Technology by 4,800.0% in the fourth 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. Joseph Group Capital Management purchased a new position in Micron Technology in the fourth quarter valued at about $31,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction 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 approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction 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 approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. The Goldman Sachs Group upped their price target on Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a report on Thursday, March 19th. DA Davidson started coverage on Micron Technology in a report on Monday, May 11th. They issued a "buy" rating and a $1,000.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Finally, Wedbush upped their price target on Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $518.47.

Micron Technology Stock Performance

NASDAQ MU opened at $751.00 on Monday. The stock has a market cap of $846.93 billion, a P/E ratio of 35.46 and a beta of 1.91. The company's 50-day simple moving average is $512.03 and its 200 day simple moving average is $389.29. Micron Technology, Inc. has a twelve month low of $90.93 and a twelve month high of $818.67. 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 disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This is an increase from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio (DPR) is currently 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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