Encompass More Asset Management Cuts Position in Micron Technology, Inc. $MU

Key Points

• Encompass More Asset Management reduced its Micron stake by 59.2%, selling 7,447 shares in Q4 and retaining 5,138 shares worth about $1.466 million.
• Micron is riding positive catalysts — including the shipping of a 245TB 6600 ION data‑center SSD, tight DRAM/NAND/HBM supply that supports price increases and margin expansion, and analyst upgrades that have helped push the stock to a market cap near $751 billion.
• At the same time, insider selling (the CEO and EVP each sold 40,000 shares, with insiders selling 104,000 shares in the past 90 days) and warnings of an overbought market raise short‑term pullback and volatility risks despite strong institutional ownership (about 80.8%).

Encompass More Asset Management lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 59.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,138 shares of the semiconductor manufacturer's stock after selling 7,447 shares during the quarter. Encompass More Asset Management's holdings in Micron Technology were worth $1,466,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MU. Brighton Jones LLC increased its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after acquiring an additional 628 shares during the last quarter. United Bank purchased a new position in Micron Technology during the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. increased its holdings in Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after acquiring an additional 21,619 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron began shipping its industry‑leading 245TB 6600 ION data‑center SSD, strengthening its product edge in high‑capacity AI/storage markets and supporting near‑term revenue upside. Industry-Leading 245TB Micron 6600 ION Data Center SSD Now Shipping
• Positive Sentiment: Tight supply across DRAM, NAND and HBM is allowing Micron to raise prices and expand gross margins — a key fundamental driver behind the rally and stronger cash‑flow expectations. Still Time to Pay Up for Micron & Sandisk Stock?
• Positive Sentiment: Sector momentum from AI chip winners (strong AMD results, broader chip upgrades) and a memory‑stock rally (Samsung hitting major market‑cap milestones) is lifting MU alongside peers. Analyst upgrades and higher targets have amplified buying. Micron zooms past $700 billion market cap as rally in memory stocks accelerates
• Positive Sentiment: Unusual options flows (large put trades interpreted by some traders as contrarian/bullish positioning) have been cited as evidence of speculative conviction and add to short‑term liquidity. Micron Technology huge, unusual put option activity - a bullish signal as MU rises 12%
• Neutral Sentiment: Heavy social/media discussion about MU breaking key price levels and HBM sold‑out claims is amplifying momentum but also increasing intraday volatility and retail trading flow sensitivity. Micron Technology Stock (MU) Opinions on Breaking $600 Barrier
• Neutral Sentiment: Large institutional rebalancing (big additions and trims across funds) shows mixed positioning — supports liquidity but makes MU sensitive to fund flows. Quiver Quantitative institutional holdings summary
• Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline‑sensitive event that can prompt short‑term selling despite his retained large stake. SEC Filing: Insider Sale
• Negative Sentiment: Analysts and commentators warn MU is overbought (RSI in overbought territory) and flag risks: demand re‑equilibration, model efficiency reducing memory intensity, concentration of AI demand, and manufacturing constraints that could limit near‑term revenue conversion. These raise pullback risk after a sharp run. Analyst warns of a peak in Micron stock

Micron Technology Price Performance

Micron Technology stock opened at $666.14 on Thursday. Micron Technology, Inc. has a 12-month low of $80.20 and a 12-month high of $667.67. The stock has a market capitalization of $751.23 billion, a P/E ratio of 31.45 and a beta of 1.91. The firm's 50-day moving average is $431.27 and its two-hundred day moving average is $344.94. 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 Increases Dividend

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

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were 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 $227,643,978.78. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,000 shares of company stock valued at $45,458,400 in the last ninety days. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MU shares. The Goldman Sachs Group raised their target price on shares of Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a report on Thursday, March 19th. Phillip Securities upgraded shares of Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. 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 report on Thursday, March 19th. Finally, 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 report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $478.24.

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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