Fulcrum Asset Management LLP Sells 4,813 Shares of Micron Technology, Inc. $MU

Key Points

• Fulcrum Asset Management cut its stake in Micron by 14.1% in Q4, selling 4,813 shares and leaving it with 29,257 shares valued at about $8.56 million (Micron represents ~1.4% of Fulcrum's holdings).
• Wall Street sentiment is broadly bullish: several firms raised price targets (e.g., Needham to $500, UBS to $535, Barclays to $675), and Micron has a consensus "Buy" rating with a consensus target of $478.24.
• Company insiders have been selling recently—CEO Sanjay Mehrotra sold 40,000 shares (~$21.45M) and EVP Sumit Sadana sold 24,000 shares (~$10.11M); insiders sold 104,000 shares (~$45.46M) in the past three months.

Fulcrum Asset Management LLP decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,257 shares of the semiconductor manufacturer's stock after selling 4,813 shares during the period. Micron Technology comprises approximately 1.4% of Fulcrum Asset Management LLP's holdings, making the stock its 16th largest holding. Fulcrum Asset Management LLP's holdings in Micron Technology were worth $8,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AustralianSuper Pty Ltd boosted its stake in shares of Micron Technology by 1,402.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 181,667 shares of the semiconductor manufacturer's stock valued at $51,850,000 after purchasing an additional 169,572 shares during the period. Maxele Advisors LLC purchased a new position in Micron Technology in the 4th quarter worth about $215,000. Halter Ferguson Financial Inc. purchased a new position in Micron Technology in the 4th quarter worth about $11,813,000. Triton Wealth Management PLLC bought a new stake in Micron Technology during the 4th quarter valued at about $199,000. Finally, Williams & Novak LLC lifted its holdings in Micron Technology by 2.3% during the 4th quarter. Williams & Novak LLC now owns 1,581 shares of the semiconductor manufacturer's stock valued at $451,000 after buying an additional 35 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MU has been the topic of a number of research analyst reports. Needham & Company LLC upped their target price on shares of Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. UBS Group lifted their price target on shares of Micron Technology from $510.00 to $535.00 and gave the company a "buy" rating in a research note on Wednesday, April 8th. Wedbush boosted their price target on Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Barclays increased their price objective on Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Finally, Susquehanna raised their price objective on Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a report on Monday, March 9th. Five equities research 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 stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and a consensus target price of $478.24.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,000 shares of company stock worth $45,458,400 in the last three months. 0.24% of the stock is owned by insiders.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $646.63 on Friday. The firm has a 50 day moving average of $435.84 and a 200 day moving average of $348.07. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $729.22 billion, a price-to-earnings ratio of 30.53 and a beta of 1.91. Micron Technology, Inc. has a 52 week low of $83.36 and a 52 week high of $683.09.

Micron Technology Increases Dividend

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

Micron Technology News Roundup

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

• Positive Sentiment: Bull case: reports say the market still underestimates an AI memory “supercycle” that is tightening DRAM/NAND capacity and pushing prices and margins higher, supporting multi‑quarter revenue upside. Seeking Alpha: The AI Memory Supercycle
• Positive Sentiment: Product win: Micron began shipping a 245TB 6600 ION SSD for hyperscale/cloud AI storage — a high‑capacity product that can accelerate enterprise/hyperscaler adoption and lift enterprise SSD revenue. Yahoo Finance: 245TB SSD Launch
• Positive Sentiment: Analyst/price‑target momentum: firms and bullish coverage (including a notable $740 target) have pushed sentiment and helped MU reach record market caps, supporting continued institutional interest. Blockonomi: $740 Price Target
• Neutral Sentiment: Macro/sector context: broader AI infrastructure demand is lifting memory makers (and could raise device prices), which supports the cycle but also concentrates risk in AI spending trends. Investopedia: AI and Device Pricing
• Neutral Sentiment: Market mechanics: speculation about a possible stock split and heavy social/media chatter have amplified momentum and volume, increasing both upside interest and short‑term volatility. The Motley Fool: Stock‑Split Watch
• Negative Sentiment: Insider sale: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing) — a headline that can prompt near‑term selling even though insiders still hold large stakes. SEC Filing: Insider Sale
• Negative Sentiment: Risk of pullback: analysts and commentators warn MU looks overbought (technical RSI/readings, rapid YTD gains), and some note demand concentration and possible re‑equilibration could trigger profit‑taking. Invezz: Overbought Warning
• Negative Sentiment: Immediate market action: a morning/previous session pullback was noted by market reporters and Zacks — MU has dipped more than the broader market in the latest session, reflecting short‑term rotation. Zacks: MU Dips More Than Market

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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