Gemmer Asset Management LLC Acquires 26,475 Shares of Micron Technology, Inc. $MU

Key Points

• Gemmer Asset Management boosted its Micron stake by 83.8%, buying 26,475 shares to own 58,056 shares worth $16.57 million, making MU ~1.3% of its portfolio and its 23rd largest holding.
• Significant insider selling occurred recently (e.g., Manish Bhatia 26,623 shares; April Arnzen 40,000 shares), with insiders selling 91,623 shares worth ~$35.05 million over the last quarter, which could cap rallies.
• Analysts are broadly bullish—multiple firms raised price targets (Mizuho to $530, Susquehanna to $525, HSBC to $500), with five Strong Buy, 28 Buy and an average target of $464.61 and a consensus "Buy" rating.

Gemmer Asset Management LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 83.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,056 shares of the semiconductor manufacturer's stock after purchasing an additional 26,475 shares during the period. Micron Technology comprises approximately 1.3% of Gemmer Asset Management LLC's investment portfolio, making the stock its 23rd largest holding. Gemmer Asset Management LLC's holdings in Micron Technology were worth $16,570,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MU. REAP Financial Group LLC bought a new stake in shares of Micron Technology during the 3rd quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology in the 3rd quarter worth about $27,000. Elevation Wealth Partners LLC increased its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 88 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction 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 $126,495,965.44. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 91,623 shares of company stock worth $35,053,508 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Up 1.4%

MU stock opened at $426.32 on Tuesday. 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 firm has a market capitalization of $480.77 billion, a PE ratio of 20.13 and a beta of 1.60. Micron Technology, Inc. has a twelve month low of $65.64 and a twelve month high of $471.34. The stock has a 50-day simple moving average of $401.26 and a two-hundred day simple moving average of $311.11.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is presently 2.83%.

Analyst Ratings Changes

MU has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $500.00 price objective on shares of Micron Technology in a report on Monday, March 16th. Mizuho lifted their price objective on Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, March 19th. HSBC lifted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Susquehanna lifted 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. Finally, Wedbush lifted their price objective on Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and an average target price of $464.61.

Key Micron Technology News

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

• Positive Sentiment: Strong AI / HBM demand and upbeat analyst views: multiple pieces highlight Micron’s leadership in high‑bandwidth memory for AI workloads and bullish analyst calls (KeyBanc, Mizuho and others raising targets), which underpin expectations for more upside into earnings. SIMO vs. MU: Which Semiconductor Stock is the Better Buy Now?
• Positive Sentiment: ETF and industry flows favor MU: a new DRAM-focused ETF and rotation into AI/semiconductor names are channeling incremental buyer demand into memory names like Micron, supporting higher share prices. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand (MU)
• Positive Sentiment: Strategic wins and ecosystem traction: Nvidia / Cadence expansion of AI chip-design tools notes Micron as an adopter, which signals Micron is integrated into customer workflows for AI infrastructure — a demand validation for its memory products. Nvidia And Cadence Deepen AI Chip Design Ties As Investors Weigh Upside
• Neutral Sentiment: Near-term catalyst: analysts flag earnings season as a potential trigger (KeyBanc says MU could still gain materially), so market direction may hinge on guidance and demand commentary in upcoming results. Micron Stock Could Gain Another 40%, Analyst Says. Watch This Catalyst.
• Neutral Sentiment: Debate over valuation and momentum: several articles discuss whether MU is “cheap” on P/E or priced for perfection after big moves; these narratives can amplify intraday volatility as different investor cohorts argue over risk/reward. Is Micron Technology's Stock Really That Cheap? Why Its Earnings Multiples Can Be Misleading
• Negative Sentiment: Insider selling and profit‑taking risk: public filings and data show significant insider sales in recent months — a potential signal for cautious investors and a factor that could cap rallies if selling accelerates. Micron Technology Stock (MU) Opinions on Analyst Overweight Reiterates (Quiver summary)
• Negative Sentiment: End‑market margin warning: Goldman’s downgrade of Best Buy (citing rising memory costs) highlights a demand/margin risk for consumer PC channels — a reminder memory is cyclical and downstream pricing/volume swings can quickly affect Micron’s results. Best Buy Stock Gets Double Downgrade to Sell. Why Goldman Says Sell.

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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