Capital Group Private Client Services Inc. Sells 4,892 Shares of Micron Technology, Inc. $MU

Key Points

• Capital Group Private Client Services Inc. cut its Micron Technology stake by 6.5% in the fourth quarter, selling 4,892 shares and leaving it with 69,915 shares valued at about $19.95 million.
• Institutional ownership of Micron remains high, with several other funds increasing or initiating positions during the quarter, and institutions overall holding 80.84% of the stock.
• Micron has seen strong analyst support and upbeat business results, including a recent earnings beat and multiple price-target hikes, though insider selling and concerns about valuation have added some caution.

Capital Group Private Client Services Inc. lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,915 shares of the semiconductor manufacturer's stock after selling 4,892 shares during the period. Capital Group Private Client Services Inc.'s holdings in Micron Technology were worth $19,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Group Investment Management PTE. LTD. grew its position in Micron Technology by 21.5% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 19,907 shares of the semiconductor manufacturer's stock valued at $5,682,000 after acquiring an additional 3,517 shares during the last quarter. Tradition Wealth Management LLC grew its position in Micron Technology by 7.2% in the fourth quarter. Tradition Wealth Management LLC now owns 1,739 shares of the semiconductor manufacturer's stock valued at $496,000 after acquiring an additional 117 shares during the last quarter. Modus Advisors LLC bought a new position in Micron Technology in the fourth quarter valued at about $65,000. Valtrion Capital Management LLC bought a new position in Micron Technology in the fourth quarter valued at about $299,000. Finally, Comprehensive Financial Planning Inc. PA grew its position in Micron Technology by 135.4% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 3,401 shares of the semiconductor manufacturer's stock valued at $971,000 after acquiring an additional 1,956 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

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

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the company's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 146,000 shares of company stock valued at $85,486,715. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on MU. Wells Fargo & Company lifted their target price on Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Needham & Company LLC lifted their target price on Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. UBS Group lifted their target price on Micron Technology from $535.00 to $1,625.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Weiss Ratings restated a "buy (b)" rating on shares of Micron Technology in a report on Tuesday, May 12th. Finally, Melius Research initiated coverage on Micron Technology in a report on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. Five equities research 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. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $641.97.

Micron Technology Stock Performance

NASDAQ:MU opened at $864.01 on Friday. The stock has a market cap of $974.37 billion, a P/E ratio of 40.79 and a beta of 2.16. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average is $617.28 and its 200-day moving average is $437.99. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,089.29.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business's quarterly revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share. Equities research analysts anticipate that Micron Technology, Inc. will post 58.79 earnings per share for the current year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. The ex-dividend date was Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. 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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