Centric Wealth Management Invests $647,000 in Micron Technology, Inc. $MU

Key Points

• Centric Wealth Management opened a new position in Micron Technology in the fourth quarter, buying 2,267 shares valued at about $647,000.
• Micron continues to attract heavy institutional interest, with major holders like Vanguard, State Street, and Capital International Investors also increasing stakes. Overall, 80.84% of the stock is owned by institutional investors and hedge funds.
• The stock has been boosted by strong AI-memory demand and bullish analyst sentiment, with Micron recently hitting a 52-week high and analysts maintaining an average Buy rating and consensus price target of $478.24.

Centric Wealth Management acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,267 shares of the semiconductor manufacturer's stock, valued at approximately $647,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock worth $8,643,613,000 after buying an additional 285,582 shares during the last quarter. Capital International Investors boosted its stake in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock worth $1,609,981,000 after buying an additional 708,716 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Micron Technology by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock worth $1,217,394,000 after buying an additional 135,850 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Summary

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What's Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Micron Technology Trading Down 0.1%

Shares of NASDAQ:MU opened at $746.33 on Monday. Micron Technology, Inc. has a 52-week low of $84.68 and a 52-week high of $747.21. The company has a market capitalization of $841.66 billion, a P/E ratio of 35.24 and a beta of 1.91. The company has a 50-day simple moving average of $435.84 and a 200 day simple moving average of $348.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MU shares. Stifel Nicolaus increased their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Mizuho raised their target price on shares of Micron Technology from $480.00 to $530.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Bank of America raised their target price on shares of Micron Technology from $400.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Finally, DA Davidson began coverage on shares of Micron Technology in a research note on Tuesday, April 28th. They issued a "buy" rating for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $478.24.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company's stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,000 shares of company stock worth $45,458,400 over the last three months. Insiders own 0.24% of the company's stock.

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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