D.A. Davidson & CO. Grows Stock Holdings in Micron Technology, Inc. $MU

Key Points

• D.A. Davidson & Co. increased its Micron stake by 6.7% to 62,136 shares (worth $17.73M) in the fourth quarter, and institutional investors now own about 80.84% of MU.
• Analysts are broadly bullish—multiple firms have raised price targets (HSBC to $500, RBC $525, Wedbush $500, Morgan Stanley $450) and the consensus rating is Buy with a $472.72 target, while Melius initiated coverage at a $700 target citing AI-driven memory demand.
• Insiders have been net sellers recently—89,000 shares sold in the last 90 days (notably EVP April Arnzen sold 40,000 at $347.39 and EVP Sumit Sadana sold 24,000 at $421.35)—even as Micron raised its quarterly dividend to $0.15 ($0.60 annualized, ~0.1% yield).

D.A. Davidson & CO. increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,136 shares of the semiconductor manufacturer's stock after buying an additional 3,880 shares during the quarter. D.A. Davidson & CO.'s holdings in Micron Technology were worth $17,734,000 at the end of the most recent quarter.

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

Micron Technology News Roundup

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

• Positive Sentiment: Melius Research initiated coverage with a Buy and $700 price target, signaling sizable upside and reinforcing dealer/retail conviction in Micron's multi-year AI-driven growth story. Melius Research coverage
• Positive Sentiment: Analysts and research notes (Barron's, Seeking Alpha, InsiderMonkey coverage) are emphasizing sustained AI/hyperscaler demand that tightens memory supply and supports higher margins — a structural thesis that justifies premium multiples for MU. Barron's: Analyst coverage
• Positive Sentiment: Heavy, unusually large MU option trades have been detected, consistent with speculative and directional bullish positioning that can accelerate intraday upside and reflect investor expectation of further gains. Yahoo Options Activity
• Positive Sentiment: Research notes and market pieces (CNBC, Seeking Alpha) expect memory demand to remain elevated through the decade due to AI infrastructure buildouts; firms like SanDisk rallying alongside MU supports a sector-wide momentum trade. CNBC: Demand through 2030
• Neutral Sentiment: Disclosure that Senator Fetterman bought a small Micron stake has generated headlines; the trade is modest in size but adds publicity and political/regulatory attention — not a material company signal. QuiverQuant: Senator trade
• Neutral Sentiment: Broader comments from JPMorgan caution that Nvidia's past explosive rallies may not repeat, a reminder that mega-cap chip leaders can set sentiment for the group — this could temper excessive extrapolation but doesn't alter MU's memory-specific demand drivers. Yahoo: JPMorgan on Nvidia
• Negative Sentiment: Some cautionary analysis flags potential execution and inventory-cycle risks that could pressure margins if supply/demand dynamics normalize; these forecasts are the main near-term downside risk to today's rally. Fool: downside forecast

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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 directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 89,000 shares of company stock worth $34,755,250. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MU. Melius Research began coverage on Micron Technology in a report on Monday. They issued a "buy" rating and a $700.00 price objective on the stock. HSBC lifted their price objective on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Wedbush lifted their price objective on Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Royal Bank Of Canada lifted their price objective on Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a report on Monday, March 16th. Finally, Morgan Stanley boosted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $472.72.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $524.56 on Tuesday. The business's 50 day simple moving average is $416.09 and its 200-day simple moving average is $331.63. The firm has a market capitalization of $591.56 billion, a price-to-earnings ratio of 24.77 and a beta of 1.60. 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, Inc. has a 12 month low of $73.50 and a 12 month high of $531.36.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors 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 dividend yield of 0.1%. This is a boost from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is presently 2.83%.

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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