Diversify Wealth Management LLC Buys 1,381 Shares of Micron Technology, Inc. $MU

Key Points

• Diversify Wealth Management LLC increased its Micron Technology stake by 18.8% in the fourth quarter, buying 1,381 additional shares and bringing its total holding to 8,740 shares worth about $2.49 million.
• Micron has been benefiting from strong AI memory demand, with the stock hitting a fresh 52-week high as investors focus on HBM growth, tight supply, and upbeat earnings expectations.
• Analysts remain broadly bullish, with several firms raising price targets and the stock now carrying a consensus Buy rating; meanwhile, insiders have sold shares recently and Micron also raised its quarterly dividend from $0.12 to $0.15 per share.

Diversify Wealth Management LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,740 shares of the semiconductor manufacturer's stock after acquiring an additional 1,381 shares during the quarter. Diversify Wealth Management LLC's holdings in Micron Technology were worth $2,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. AQR Capital Management LLC lifted its position in Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 in the last quarter. California Public Employees Retirement System lifted its position in Micron Technology by 70.2% during the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock worth $505,942,000 after buying an additional 1,246,773 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Micron Technology by 1,064.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer's stock worth $218,264,000 after buying an additional 1,192,433 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after buying an additional 1,188,296 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages have commented on MU. Mizuho boosted their price target on shares of Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a research report on Thursday, March 19th. Susquehanna boosted their price target on shares of Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a research report on Monday, March 9th. Wells Fargo & Company boosted their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Cantor Fitzgerald boosted their price target on shares of Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Finally, Needham & Company LLC boosted their price target on shares of 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 assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus target price of $478.24.

Micron Technology Trading Up 15.4%

Shares of Micron Technology stock opened at $746.33 on Friday. The firm has a 50-day moving average of $435.84 and a 200-day moving average of $348.07. The stock has a market cap of $841.66 billion, a PE ratio of 35.24 and a beta of 1.91. Micron Technology, Inc. has a 52-week low of $84.68 and a 52-week high of $747.21. 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 firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. 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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