Burney Co. Has $3.11 Million Position in Micron Technology, Inc. $MU

Key Points

• Burney Co. boosted its stake in Micron by 590.4% during Q4 to 10,902 shares, a position valued at $3.11 million.
• Micron raised its Q3 FY2026 outlook well above consensus citing strong AI/HBM demand and margin leverage, and analysts remain largely bullish with a consensus price target of $464.61.
• Micron increased its quarterly dividend to $0.15 (from $0.12) payable April 15, even as insiders were net sellers recently (91,623 shares sold vs. 23,200 bought over the last three months).

Burney Co. lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 590.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,902 shares of the semiconductor manufacturer's stock after acquiring an additional 9,323 shares during the period. Burney Co.'s holdings in Micron Technology were worth $3,111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MU. iA Global Asset Management Inc. increased its stake in Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after purchasing an additional 23,117 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Micron Technology by 9.8% during 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 in the last quarter. 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. Generation Capital Management LLC bought a new stake in Micron Technology during the 3rd quarter valued at $238,000. Finally, Avanda Investment Management Pte. Ltd. bought a new stake in Micron Technology during the 3rd quarter valued at $418,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent research reports. Phillip Securities upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Monday, February 2nd. Piper Sandler boosted their price target on shares of Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Needham & Company LLC boosted their price target on shares of Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Citigroup decreased their price target on shares of Micron Technology from $510.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Finally, HSBC upped their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $464.61.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Company-issued upside guidance: Micron raised Q3 FY2026 outlook well above consensus — management guided to materially higher EPS and revenue, signaling strong AI/HBM demand and better-than-expected margin leverage (this is a primary driver of optimism among investors).
• Positive Sentiment: BofA backing and AI capex thesis: Bank of America highlighted accelerating, more-stable AI infrastructure spending and lists Micron among top blue‑chip beneficiaries, reinforcing the multi-year demand narrative for memory. BofA Sees Strong Growth in AI Investment, Backs Micron (MU)
• Positive Sentiment: Street-high targets and upgrades: Analysts are lifting price targets (one $825 target cited) and upgrades continue, supporting momentum and buy-side conviction. Micron Gets Street-High $825 Target
• Positive Sentiment: Dividend payment: Micron will pay an upcoming dividend (April 15), which adds a modest income component and may support sentiment among income-focused investors. Micron to pay dividends on April 15; Here's how much 100 shares will earn
• Neutral Sentiment: Momentum and retail interest: Multiple outlets profile MU as a top momentum/AI-infrastructure pick (technical and earnings momentum), which can fuel both follow‑through rallies and higher volatility. Micron & 2 More Momentum Stocks You Shouldn't Miss This April
• Neutral Sentiment: Investor access strategies: Commentary on ways to get exposure with reduced capital (options/structured approaches) may broaden participation but doesn’t change the underlying fundamentals. Micron Stock: Tap Into The Memory-Chip Maker While Reducing Capital Risk
• Negative Sentiment: Modelled downside risk and pullback warnings: Quant models and some analysts flag potential downside (a $318.89 target cited), implying meaningful pullback risk from current levels if momentum stalls or supply/demand dynamics shift. Micron Has 15.58% Downside Risk to Our $318.89 Target Despite the 485.1% Rally
• Negative Sentiment: Geopolitical & trade risks for AI chips: U.S.–China policy friction and export controls remain an overhang for the sector; persistent trade tensions could disrupt supply chains or limit addressable markets for certain customers. AI Chips Are A Looming Battlefield In U.S.-China Trade. What Investors Should Know.

Micron Technology Stock Performance

Shares of MU stock opened at $420.59 on Monday. The firm has a 50-day moving average of $401.49 and a 200-day moving average of $309.21. The company has a market cap of $474.31 billion, a P/E ratio of 19.86 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a one year low of $65.64 and a one year high of $471.34.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be 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 dividend yield of 0.1%. The ex-dividend date is Monday, March 30th. Micron Technology's dividend payout ratio is currently 2.83%.

Insider Activity

In other news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the 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 sale, the executive vice president owned 248,021 shares of the company's stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 91,623 shares worth $35,053,508. Insiders own 0.24% of the company's stock.

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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