Bank Pictet & Cie Europe AG Has $10.69 Million Position in Micron Technology, Inc. $MU

Key Points

• Bank Pictet & Cie Europe AG cut its stake in Micron by 32.2%, selling 17,800 shares and ending the quarter with 37,455 shares valued at $10.69 million.
• Micron raised its quarterly dividend to $0.15 (annualized $0.60) from $0.12, implying a ~0.2% yield and payable April 15 to shareholders of record March 30.
• Wall Street remains broadly positive with an average rating of "Buy" and an average price target of $463.71, as analysts cite AI-driven memory demand, tight HBM supply and strong Q2 results as catalysts.

Bank Pictet & Cie Europe AG cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 32.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,455 shares of the semiconductor manufacturer's stock after selling 17,800 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Micron Technology were worth $10,690,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MU. PFS Partners LLC boosted its position in Micron Technology by 2.2% during the fourth quarter. PFS Partners LLC now owns 8,601 shares of the semiconductor manufacturer's stock valued at $2,455,000 after purchasing an additional 183 shares during the last quarter. Weatherly Asset Management L. P. acquired a new position in shares of Micron Technology during the 4th quarter worth approximately $296,000. Claris Advisors LLC MO acquired a new position in shares of Micron Technology during the 4th quarter worth approximately $204,000. BetterWealth LLC bought a new stake in shares of Micron Technology during the 4th quarter worth approximately $291,000. Finally, Victory Financial Group LLC raised its stake in shares of Micron Technology by 4.3% during the 4th quarter. Victory Financial Group LLC now owns 2,751 shares of the semiconductor manufacturer's stock worth $785,000 after purchasing an additional 113 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock opened at $367.85 on Thursday. The company has a market capitalization of $414.84 billion, a price-to-earnings ratio of 17.37 and a beta of 1.60. 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 $61.54 and a 12 month high of $471.34. The stock's 50 day moving average is $404.40 and its 200-day moving average is $297.01.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is currently 2.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research note on Thursday, March 19th. KeyCorp upped their price target on shares of Micron Technology from $450.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Stifel Nicolaus increased their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Piper Sandler lifted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, January 7th. Finally, Itau BBA Securities restated an "outperform" rating on shares of Micron Technology in a research note on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $463.71.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction dated Tuesday, January 13th. The stock was bought at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares in the company, valued at $4,823,471.70. The trade was a 428.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Company insiders own 0.24% of the company's stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Top Wall Street analyst calls MU a "Top Pick" and highlights multi‑year AI upside, helping lift investor confidence and spark buying interest. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Positive Sentiment: Micron reported blockbuster fiscal Q2 results (record revenue) and strong guidance that underscore robust AI memory demand and margin expansion — a tangible earnings catalyst supporting higher share prices. Micron: The Selloff Didn't Break The Setup
• Positive Sentiment: Analysts and trade write‑ups point to tight HBM (high‑bandwidth memory) supply and rising pricing power from AI data center demand — a structural revenue tailwind that investors are rewarding. Up 15%+ in Q1: 2 AI Stocks Still Flashing "Strong Buy" for Q2
• Positive Sentiment: Heavy intraday buying pushed Micron toward a large one‑day market‑cap gain, signalling broad, momentum‑driven flows into the name. Micron's stock is seeing its biggest gain in a year, en route to a record market-cap boost
• Neutral Sentiment: Micron completed cash tender offers for certain senior notes (debt retirements), a capital‑structure action that reduces leverage but has limited immediate earnings impact. Micron Announces the Expiration of the Cash Tender Offers
• Neutral Sentiment: Citi trimmed its price target (from $510 to $425) but kept a Buy rating — a mixed signal that can temper upside while leaving institutional endorsement intact. Wall Street Tells Investors Its Less Excited About Micron Stock
• Negative Sentiment: Some analysts warn that elevated 2026–2027 capex guidance could compress free cash flow despite booming revenue, creating valuation and timing risks for returns to investors. Micron: Great Businesses Can Be Bad Trades (Rating Downgrade)
• Negative Sentiment: Concerns about AI memory‑efficiency tools (e.g., Google’s TurboQuant / DeepSeek variants) sparked a prior sell‑off and remain a headline risk if they materially reduce memory demand forecasts. Does Google's New TurboQuant Technology Mean the Party's Over for Micron?

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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