GPS Wealth Strategies Group LLC Has $112,000 Stake in Micron Technology, Inc. $MU

Key Points

• GPS Wealth Strategies Group LLC cut its Micron Technology stake by 79.8% in the fourth quarter, leaving it with 391 shares worth about $112,000.
• Institutional ownership in Micron remains high at 80.84%, and several other funds increased or initiated positions in the semiconductor company.
• Micron insiders have been selling shares recently, including CEO Sanjay Mehrotra and EVP April S. Arnzen, while analysts remain broadly bullish with a consensus Buy rating and average price target of $518.47.

GPS Wealth Strategies Group LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 79.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 391 shares of the semiconductor manufacturer's stock after selling 1,549 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Micron Technology were worth $112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generation Capital Management LLC acquired a new position in shares of Micron Technology in the 3rd quarter valued at approximately $238,000. Wealthfront Advisers LLC raised its position in shares of Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after buying an additional 8,489 shares in the last quarter. Westpac Banking Corp raised its position in shares of Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after buying an additional 16,509 shares in the last quarter. Avanda Investment Management Pte. Ltd. acquired a new position in shares of Micron Technology in the 3rd quarter valued at approximately $418,000. Finally, Wellington Management Group LLP raised its position in shares of Micron Technology by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock valued at $1,196,427,000 after buying an additional 1,188,296 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 106,000 shares of company stock valued at $47,032,460. Company insiders own 0.24% of the company's stock.

Micron Technology Trading Down 1.5%

Shares of Micron Technology stock opened at $751.00 on Friday. The firm has a market capitalization of $846.93 billion, a PE ratio of 35.46 and a beta of 1.91. 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 firm's 50 day moving average is $512.03 and its 200 day moving average is $388.21. Micron Technology, Inc. has a 1 year low of $90.93 and a 1 year high of $818.67.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. This is a boost from Micron Technology's previous quarterly dividend of $0.12. 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%. Micron Technology's payout ratio is presently 2.83%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MU shares. Phillip Securities upgraded shares of Micron Technology to a "strong-buy" rating in a research report on Monday, February 2nd. Needham & Company LLC boosted their target price on shares of Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Susquehanna boosted their target price on shares of Micron Technology from $345.00 to $525.00 and gave the company a "positive" rating in a research report on Monday, March 9th. UBS Group boosted their target price on shares of Micron Technology from $510.00 to $535.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. Finally, Erste Group Bank cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Micron Technology has an average rating of "Buy" and a consensus price target of $518.47.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron began manufacturing advanced 1α DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.