Ferguson Wellman Capital Management Inc. Has $28.81 Million Stock Position in Micron Technology, Inc. $MU

Key Points

• Ferguson Wellman Capital Management cut its Micron stake by 33%, selling 49,661 shares and now holds 100,932 shares worth about $28.81 million.
• Blowout Q2 and dividend hike: Micron posted massive revenue and profit upside driven by AI/HBM demand, several analysts raised price targets (consensus target ~$466.75) and the company raised its quarterly dividend ~30% to $0.15.
• Active insider and institutional activity: EVP Manish Bhatia sold 26,623 shares (~$10.4M) while director Teyin M. Liu bought 7,820 shares, institutional ownership stands near 80.8%, but the stock saw a sharp pullback amid profit‑taking and capex concerns.

Ferguson Wellman Capital Management Inc. lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,932 shares of the semiconductor manufacturer's stock after selling 49,661 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Micron Technology were worth $28,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $236,000. Schnieders Capital Management LLC. raised its position in shares of Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after buying an additional 6,867 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Micron Technology by 245.6% in the second quarter. American Century Companies Inc. now owns 803,788 shares of the semiconductor manufacturer's stock valued at $99,067,000 after buying an additional 571,209 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company's stock, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teyin M. Liu purchased 7,820 shares of the firm's stock in a transaction that occurred on Wednesday, January 14th. The shares were bought at an average cost of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the acquisition, the director directly owned 25,910 shares in the company, valued at $8,744,625. The trade was a 43.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 53,623 shares valued at $21,832,908. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Down 3.4%

NASDAQ MU opened at $382.09 on Thursday. The business has a fifty day moving average price of $405.94 and a two-hundred day moving average price of $289.84. The stock has a market capitalization of $430.89 billion, a PE ratio of 18.04 and a beta of 1.50. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $471.34. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is currently 2.17%.

Wall Street Analyst Weigh In

MU has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Micron Technology from $425.00 to $525.00 and gave the stock an "outperform" rating in a research report on Monday, March 16th. 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. Itau BBA Securities reissued an "outperform" rating on shares of Micron Technology in a report on Thursday, December 18th. Summit Insights cut Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein boosted their price target on Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $466.75.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Blowout Q2 results — Micron reported massive revenue and profit upside (revenue surged ~196% year‑over‑year; earnings jumped sharply and gross margins expanded), underscoring strong AI/HBM demand that is driving near-term pricing power. Read More.
• Positive Sentiment: Dividend increase — Management raised the dividend by ~30%, which supports income-oriented investors and signals confidence in cash flow generation. Read More.
• Positive Sentiment: Analyst optimism — Several firms have boosted price targets and ratings after the quarter (e.g., Raymond James raised its target to $530), reflecting continued bullishness on Micron’s AI exposure. Read More.
• Neutral Sentiment: Tender offers for senior notes — Micron launched cash tender offers to buy multiple series of senior notes (offer window ends March 31), a balance‑sheet management move that could be viewed as neutral-to-positive but coincided with market reaction. Read More.
• Negative Sentiment: Sell‑off despite results — Multiple outlets note a sharp intra‑week pullback (double-digit intraday moves reported) as investors took profits and questioned sustainability despite record numbers. Heavy volatility and profit‑taking amplified downside. Read More.
• Negative Sentiment: Capex and supply concerns — Investors are worried about Micron’s aggressive capex guidance (management signaled a large multi‑year buildout) and competitor moves (SK Hynix’s big equipment spending), which raise questions about capital efficiency and future supply/demand dynamics. Read More.
• Negative Sentiment: Broader tech/sector rotation pressures — Commentators tied Micron’s pullback to wider tech weakness and capital‑intensive names (including reactions to large capex plans at other big tech firms like Alphabet), adding to short‑term selling pressure. Read More.

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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