Assenagon Asset Management S.A. Purchases 168,267 Shares of Micron Technology, Inc. $MU

Key Points

• Assenagon Asset Management boosted its Micron stake by 270.4% in Q4, acquiring 168,267 shares and now owning 230,505 shares worth about $65.8 million, while institutional investors hold roughly 80.84% of the stock.
• Micron reported a blowout quarter — $12.20 EPS vs. $8.50 expected and $23.86 billion revenue (up ~196% YoY) — prompting multiple analyst price-target raises and a consensus "Buy" rating with an average target of $453.55.
• The company raised its quarterly dividend to $0.15 (annualized $0.60) and saw insider activity including Director Teyin M. Liu buying 11,600 shares, though insiders net sold more than they bought over the last 90 days.

Assenagon Asset Management S.A. lifted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 270.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,505 shares of the semiconductor manufacturer's stock after acquiring an additional 168,267 shares during the period. Assenagon Asset Management S.A.'s holdings in Micron Technology were worth $65,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orleans Capital Management Corp LA bought a new stake in shares of Micron Technology during the second quarter valued at approximately $256,000. iA Global Asset Management Inc. lifted its holdings in shares of Micron Technology by 18.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock worth $24,578,000 after purchasing an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC grew its position in Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer's stock valued at $3,221,000 after purchasing an additional 5,233 shares during the period. Wealthfront Advisers LLC grew its position in Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after purchasing an additional 8,489 shares during the period. Finally, Westpac Banking Corp increased its stake in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the transaction, the director directly owned 14,310 shares of the company's stock, valued at approximately $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the firm's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer directly owned 38,237 shares of the company's stock, valued at $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday, December 18th. KeyCorp raised their price target on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 price target on shares of Micron Technology in a research note on Monday, March 16th. Cantor Fitzgerald increased their price objective on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada raised 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. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $453.55.

Micron Technology Trading Down 2.2%

Shares of MU stock opened at $395.53 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market capitalization of $446.05 billion, a price-to-earnings ratio of 18.67 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $471.34. The company has a 50-day simple moving average of $404.96 and a two-hundred day simple moving average of $289.19.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. During the same quarter last year, the firm earned $1.56 EPS. The company's quarterly revenue was up 196.3% compared to the same quarter last year. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. Micron Technology's dividend payout ratio is 2.17%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Blowout quarter — Micron delivered record Q2 revenue (+196% YoY), outsized margins and EPS well above estimates, underpinning the AI demand story. Micron: Buy The Latest Blowout
• Positive Sentiment: Dividend hike — management raised the dividend ~30%, signalling strong free‑cash‑flow expectations and returning capital to shareholders. Micron Is Raising Its Dividend by a Whopping 30%
• Positive Sentiment: Analyst upside — firms continue to raise price targets (e.g., Raymond James to $530), reflecting belief in sustained AI-driven demand and margin expansion. Raymond James Raises its Price Target on Micron
• Positive Sentiment: Structural demand / pricing power — multiple writeups highlight supply constraints for HBM/DRAM and multi‑year customer commitments that could sustain elevated pricing. Micron's Profit Supercycle Mirrors Nvidia
• Neutral Sentiment: Broader tech/market context — tech names have reported strong earnings but some investors are rotating, creating volatility that affects even winners like MU; watch sector flows and guidance from peers. After Blowout Earnings, How Much Higher Can Micron Go?
• Negative Sentiment: Heavy capex guidance spooked investors — management outlined ~ $25B FY26 capex plus ~$10B construction in FY27, raising capital‑efficiency and execution concerns despite growth rationale. The 'Problem' With Micron's Guidance
• Negative Sentiment: Competitor investment increases risk of faster supply growth — SK Hynix announced a large equipment push, which investors fear could accelerate industry capacity add and pressure pricing or margins later. Micron Stock Falls As Rival SK Hynix Ups Investments
• Negative Sentiment: Sell‑the‑news volatility — several outlets note a sharp post‑earnings pullback (panic/rotation) even after the beat, amplifying downside in the near term. Micron stock sinks for a fourth straight day despite dominant earnings report

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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