Highland Capital Management LLC Cuts Stock Position in Micron Technology, Inc. $MU

Key Points

• Highland Capital Management cut its stake in Micron by 14.9%, selling 24,956 shares to hold 142,467 shares worth about $40.66 million, making MU its 9th-largest holding (≈2.0% of the firm's portfolio).
• Two Micron executive VPs executed large insider sales this month — April Arnzen sold 40,000 shares (~$13.9M at $347.39) under a Rule 10b5-1 plan and Sumit Sadana sold 24,000 shares (~$10.1M at $421.35) — leaving insiders with roughly 0.24% ownership.
• Analyst bullishness and AI-driven demand for high-bandwidth memory are fueling buying pressure, with fresh coverage and price-target increases (e.g., Melius Buy with a $700 target, Barclays to $675) supporting upside and recent share gains.

Highland Capital Management LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,467 shares of the semiconductor manufacturer's stock after selling 24,956 shares during the quarter. Micron Technology accounts for approximately 2.0% of Highland Capital Management LLC's holdings, making the stock its 9th biggest holding. Highland Capital Management LLC's holdings in Micron Technology were worth $40,661,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology in the third quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology during the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its position 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 valued at $28,000 after acquiring an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 52 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. 0.24% of the stock is currently owned by company insiders.

Key Micron Technology News

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

• Positive Sentiment: Melius Research initiated coverage with a Buy and $700 price target, citing memory’s central role in AI hardware and reinforcing the bullish analyst momentum supporting MU. Melius Research Beings Coverage of Micron Technology (MU) Stock
• Positive Sentiment: Wall Street price‑target increases (including a reported $1,000 target) and positive note flow are amplifying buying pressure as brokers revise forecasts on stronger AI/HBM demand. Micron stock surges 9%: how high can it go?
• Positive Sentiment: Hyperscalers have reportedly confirmed rising memory costs and demand for HBM4, supporting expectations of tight supply through 2028 — a structural tailwind for Micron’s pricing and margins. What's Going On With Micron Technology Stock Monday?
• Positive Sentiment: Mizuho and other analysts remain bullish on DRAM exposure as AI CPU investments ramp, calling Micron attractive on valuation vs. growth prospects. Mizuho Says Micron (MU) Cheap as Memory Demand Grows
• Neutral Sentiment: Media pieces are highlighting Micron’s parabolic YTD and 1‑year returns and questioning whether momentum is running ahead of fundamentals; these articles increase attention but don’t add new fundamental data. Micron Jumps 7%: Is the Memory Maker Now a Structural AI Winner?
• Neutral Sentiment: Algorithmic price predictions and retail‑oriented writeups (machine‑learning forecasts) are circulating; they can attract trading interest but carry limited informational value for fundamentals. Machine learning algorithm predicts Micron stock price on May 31, 2026
• Negative Sentiment: Some analysts and commentators argue other AI semiconductor names could outperform Micron long term, introducing relative‑performance risk and prompting caution about current valuation after the massive run. Prediction: This Will Be the Top-Performing Artificial Intelligence (AI) Semiconductor Stock Over the Next Year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Summit Insights lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Wedbush raised their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. Barclays lifted their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. William Blair initiated coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They issued an "outperform" rating on the stock. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $478.24.

Micron Technology Stock Up 6.3%

NASDAQ:MU opened at $576.45 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a 1-year low of $78.54 and a 1-year high of $592.80. The company has a 50-day moving average of $422.13 and a 200 day moving average of $338.52. The firm has a market cap of $650.08 billion, a PE ratio of 27.22 and a beta of 1.91.

Micron Technology Increases Dividend

The firm also recently disclosed 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 boost from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's payout ratio is 2.83%.

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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