Geneva Partners LLC Invests $8.15 Million in Micron Technology, Inc. $MU

Key Points

• Geneva Partners LLC acquired a new position of 28,569 Micron shares (~$8.15M) in Q4, making MU about 2.9% of its portfolio and its 14th-largest holding.
• Insiders have been net sellers: company insiders sold 104,000 shares (~$45.46M) over the last three months — including EVP Sumit Sadana (24,000), EVP April Arnzen (40,000) and CEO Sanjay Mehrotra (40,000) — which may pressure near-term sentiment.
• Analysts remain bullish: Micron has a consensus "Buy" rating with an average price target of $478.24 and multiple firms raising targets (e.g., JPMorgan $550, UBS $535) amid AI-driven memory demand and new high-capacity SSD product wins.

Geneva Partners LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,569 shares of the semiconductor manufacturer's stock, valued at approximately $8,154,000. Micron Technology makes up about 2.9% of Geneva Partners LLC's portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in MU. iA Global Asset Management Inc. boosted its position in shares of Micron Technology by 18.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after purchasing an additional 23,117 shares during the period. Wealthfront Advisers LLC lifted its position in Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock worth $15,962,000 after acquiring an additional 8,489 shares during the period. Generation Capital Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth approximately $238,000. Westpac Banking Corp lifted its position in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after acquiring an additional 16,509 shares during the period. Finally, Avanda Investment Management Pte. Ltd. acquired a new stake in Micron Technology during the 3rd quarter worth approximately $418,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 125,737 shares of the company's stock, 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 sold 104,000 shares of company stock valued at $45,458,400 in the last three months. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MU shares. UBS Group increased their price objective on Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Morgan Stanley increased their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Phillip Securities raised Micron Technology to a "strong-buy" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. increased their price objective on Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein increased their price objective on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average price target of $478.24.

More Micron Technology News

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 Stock Down 3.0%

MU opened at $646.63 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The business has a 50 day simple moving average of $435.84 and a 200-day simple moving average of $348.07. The stock has a market capitalization of $729.22 billion, a P/E ratio of 30.53 and a beta of 1.91. Micron Technology, Inc. has a 12 month low of $83.36 and a 12 month high of $683.09.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. 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 payout ratio is 2.83%.

About Micron Technology

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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