Capital Group Investment Management PTE. LTD. Acquires 3,517 Shares of Micron Technology, Inc. $MU

Key Points

• Capital Group Investment Management PTE. LTD. increased its Micron Technology stake by 21.5% in the fourth quarter, buying 3,517 additional shares and bringing its total holdings to 19,907 shares worth about $5.68 million.
• Micron reported much stronger-than-expected quarterly results, with EPS of $12.20 and revenue of $23.86 billion, both well above analyst estimates. The company also posted a sharp year-over-year revenue increase and an annualized dividend hike to $0.60 per share.
• Sentiment around Micron remains bullish but mixed: analysts have raised price targets and the stock has benefited from AI-related demand, but concerns about valuation and a possible peak in memory-chip prices are tempering enthusiasm.

Capital Group Investment Management PTE. LTD. raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,907 shares of the semiconductor manufacturer's stock after purchasing an additional 3,517 shares during the period. Capital Group Investment Management PTE. LTD.'s holdings in Micron Technology were worth $5,682,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. High Note Wealth LLC boosted its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in Micron Technology by 4,800.0% in the 4th 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 bought a new stake in Micron Technology in the 4th quarter valued at about $31,000. Finally, Luken Investment Analytics LLC bought a new stake in Micron Technology in the 4th quarter valued at about $31,000. Institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

MU stock opened at $864.01 on Friday. The company has a 50 day simple moving average of $617.28 and a 200 day simple moving average of $437.99. The stock has a market cap of $974.37 billion, a price-to-earnings ratio of 40.79 and a beta of 2.16. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,089.29. 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 (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm's quarterly revenue was up 196 compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. Research analysts anticipate that Micron Technology, Inc. will post 58.79 EPS for the current fiscal year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is currently 2.83%.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last quarter. 0.24% of the stock is owned by company insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron was certified as an HBM4 memory supplier for Nvidia’s next-generation Vera Rubin AI platform, reinforcing its role in the AI memory supply chain and highlighting continued demand for high-bandwidth memory. Micron’s HBM4 Certification With Nvidia Puts AI Memory Margins In Focus
• Positive Sentiment: Wall Street sentiment remains broadly constructive, with recent analyst reports and price-target hikes pointing to expectations for strong AI-driven earnings and tight memory supply. Morgan Stanley raises Micron stock price target
• Positive Sentiment: Recent coverage continues to frame Micron as a major beneficiary of AI infrastructure spending, with some analysts still arguing the stock has upside despite its huge run-up. Micron (MU) Boasts Earnings & Price Momentum: Should You Buy?
• Neutral Sentiment: Mixed commentary around Micron’s valuation and its recent $1 trillion-plus market-cap rally is keeping investors cautious ahead of the next earnings report, even as the company’s fundamentals remain strong. Micron Stock Price Forecast — What Top Analysts Expect Ahead of June 24 Earnings
• Neutral Sentiment: Broader market weakness in chip stocks and a hotter-than-expected U.S. jobs report added to the risk-off tone, pressuring semiconductors across the board. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: Broadcom’s disappointing AI guidance triggered a sharp unwind in the “AI trade,” dragging Micron lower even though there was no company-specific negative news. Micron, Marvell, and Broadcom lead chipmakers' premarket losses
• Negative Sentiment: Some analysts and commentators are warning that memory-chip prices may be nearing a peak, raising concerns that Micron’s blockbuster rally may have run too far too fast. Micron Stock Drops, Brace for the Memory-Price Peak

Analysts Set New Price Targets

A number of research firms have issued reports on MU. Sanford C. Bernstein boosted their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, March 18th. Erste Group Bank cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Barclays boosted their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Mizuho boosted their target price on shares of Micron Technology to $800.00 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Micron Technology in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $641.97.

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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