Cullen Frost Bankers Inc. Has $475,000 Stake in Micron Technology, Inc. $MU

Key Points

• Cullen Frost Bankers Inc. sharply increased its Micron Technology stake by 735.7% in the fourth quarter, ending with 1,663 shares worth about $475,000.
• Micron’s stock has attracted broad institutional interest, with 80.84% owned by institutional investors and hedge funds. Several smaller funds also added to or initiated positions in the semiconductor maker.
• Analysts remain upbeat on Micron, with multiple firms raising price targets and the stock carrying a consensus Buy rating; meanwhile, the company also boosted its quarterly dividend from $0.12 to $0.15 per share.

Cullen Frost Bankers Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 735.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,663 shares of the semiconductor manufacturer's stock after buying an additional 1,464 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Micron Technology were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MU. REAP Financial Group LLC acquired a new position in Micron Technology during the third quarter worth $25,000. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 52 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

NASDAQ MU opened at $751.00 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market capitalization of $846.93 billion, a price-to-earnings ratio of 35.46 and a beta of 1.91. The company's fifty day moving average is $512.03 and its two-hundred day moving average is $388.21. Micron Technology, Inc. has a 52-week low of $90.93 and a 52-week high of $818.67.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend 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 (DPR) is 2.83%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Micron Technology from $550.00 to $660.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Cantor Fitzgerald raised their target price on shares of Micron Technology from $450.00 to $700.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Wells Fargo & Company raised their target price on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Wedbush raised their target price on shares of Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. Finally, Susquehanna raised their target price on shares of Micron Technology from $345.00 to $525.00 and gave the company a "positive" rating in a research note on Monday, March 9th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $518.47.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron began manufacturing advanced 1α DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 106,000 shares of company stock valued at $47,032,460. Company 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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