COFG Advisors LLC Takes $1.30 Million Position in Micron Technology, Inc. $MU

Key Points

• COFG Advisors LLC initiated a new position in Micron Technology during the fourth quarter, buying 4,556 shares valued at about $1.3 million.
• Wall Street remains broadly bullish on Micron, with analysts such as UBS, Mizuho, and Barclays raising price targets; the stock now carries a consensus Buy rating and a consensus target of $621.97.
• Micron is benefiting from strong AI-driven demand and reported a big earnings beat, while recent insider sales by CEO Sanjay Mehrotra and EVP Sumit Sadana totaled significant share disposals over the past few months.

COFG Advisors LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,556 shares of the semiconductor manufacturer's stock, valued at approximately $1,300,000.

Other hedge funds also recently modified their holdings of the company. High Note Wealth LLC grew its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Joseph Group Capital Management acquired a new position in shares of Micron Technology in the 4th quarter worth $31,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of Micron Technology in the 4th quarter worth $31,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. UBS Group lifted their target price on Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Mizuho raised their target price on Micron Technology to $800.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Barclays raised their target price on Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Wells Fargo & Company raised their target price on Micron Technology from $470.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Finally, Needham & Company LLC raised their target price on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Five research 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $621.97.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares of the company's stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology 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 sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 106,000 shares of company stock valued at $47,032,460 over the last ninety days. Company insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron unveiled its AI-optimized memory and storage portfolio at COMPUTEX 2026, highlighting products such as HBM4, 256GB SOCAMM2, high-capacity DDR5 RDIMMs, and advanced SSDs that are designed to boost AI inference, bandwidth, and power efficiency. Micron Technology Showcases AI-Optimized Memory and Storage Solutions at COMPUTEX 2026
• Positive Sentiment: Raymond James raised its price target on Micron to $1,100 from $530 and reiterated an outperform rating, adding to a wave of upbeat Wall Street commentary on the stock. Micron Technology had its price target raised by Raymond James Financial, Inc.
• Positive Sentiment: Multiple articles pointed to Micron as a key beneficiary of the AI memory shortage and broader semiconductor rally, with memory and storage names extending a “parabolic” run as demand outstrips supply. 2 AI Memory Stocks Outperforming NVIDIA With Big Upside Ahead
• Positive Sentiment: More coverage said Micron is one of the latest $1 trillion market-cap names, underscoring investor enthusiasm for its AI-driven growth story and the bullish momentum in the memory chip sector. Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?

Micron Technology Stock Up 6.6%

Shares of MU stock opened at $1,035.50 on Tuesday. The stock's 50 day simple moving average is $569.31 and its 200 day simple moving average is $418.02. 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, Inc. has a twelve month low of $94.40 and a twelve month high of $1,046.97. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 48.89 and a beta of 2.15.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts' consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm's revenue was up 196 compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 58.62 EPS for the current year.

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 issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 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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