Global Retirement Partners LLC Raises Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Global Retirement Partners LLC boosted its Micron Technology stake by 60.1% in the fourth quarter, adding 11,411 shares and bringing its total holding to 30,383 shares worth about $8.67 million.
• Other institutional investors also increased or initiated positions, and hedge funds and other institutions now own 80.84% of Micron’s outstanding shares, highlighting broad professional interest in the stock.
• Micron saw notable insider selling, including CEO Sanjay Mehrotra selling 40,000 shares and EVP Sumit Sadana selling 24,000 shares, while analysts remained broadly bullish with an average rating of Buy and an average price target of $518.47.

Global Retirement Partners LLC increased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 60.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,383 shares of the semiconductor manufacturer's stock after acquiring an additional 11,411 shares during the quarter. Global Retirement Partners LLC's holdings in Micron Technology were worth $8,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MU. Twin Capital Management Inc. lifted its position in Micron Technology by 53.0% in the 4th quarter. Twin Capital Management Inc. now owns 15,213 shares of the semiconductor manufacturer's stock worth $4,342,000 after buying an additional 5,272 shares during the last quarter. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $1,316,000. Mach 1 Financial Group LLC bought a new stake in shares of Micron Technology in the fourth quarter worth approximately $1,278,000. Callahan Advisors LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at about $274,000. Finally, Griffin Asset Management Inc. bought a new stake in Micron Technology during the 4th quarter worth approximately $340,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were 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 represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,000 shares of company stock worth $47,032,460. Insiders own 0.24% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: Micron is benefiting from tightening memory supply after Samsung labor negotiations broke down, which could support higher chip prices and margins. Micron Stock Is on a Tear. Chip Shortage Threat Looms as Samsung Strike Talks Break Down.
• Positive Sentiment: Analysts turned more bullish, with Melius reportedly lifting its Micron price target to $1,100 after the stock pulled back. Melius raises Micron stock target to $1,100 after MU drops 6%
• Positive Sentiment: Micron’s AI memory strategy is drawing attention as it samples higher-capacity DDR5 server modules for AI data centers, supporting the long-term growth narrative. Is Micron (MU) Quietly Redefining Its AI Data Center Edge With Ultra‑Dense DDR5 Memory?
• Positive Sentiment: Broader market coverage continues to frame Micron as a leading beneficiary of the AI memory supercycle, with investors rotating into memory stocks. The Great AI Rotation: Cashing In on Data (MU)
• Neutral Sentiment: Several commentary pieces highlighted Micron’s recent pullback and debated whether the stock should be bought now or on a deeper dip, reflecting ongoing volatility rather than a clear fundamental change. Down 14%, Should You Buy the Dip in Micron Stock?
• Negative Sentiment: Some analysts warned that the easy money in the current cycle may be behind Micron, suggesting expectations are high and the stock could be more vulnerable if memory pricing cools. Micron: The Easy Money In This Cycle Is Behind Us

Micron Technology Price Performance

Shares of Micron Technology stock opened at $731.99 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $498.20 and its two-hundred day moving average price is $381.87. Micron Technology, Inc. has a 52 week low of $90.93 and a 52 week high of $818.67. The stock has a market cap of $825.49 billion, a PE ratio of 34.56 and a beta of 1.91.

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 paid a dividend of $0.15 per share. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is currently 2.83%.

Analyst Ratings Changes

A number of brokerages have issued reports on MU. Mizuho upped their price objective on Micron Technology to $800.00 and gave the company an "outperform" rating in a research report on Tuesday. Sanford C. Bernstein boosted their price target on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 18th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Morgan Stanley increased their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $518.47.

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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