Horizon Investment Services LLC Takes Position in Micron Technology, Inc. $MU

Key Points

• Horizon Investment Services LLC opened a new position in Micron Technology during the fourth quarter, buying 14,707 shares worth about $4.2 million. The stake makes Micron the firm’s 18th-largest holding and about 1.5% of its portfolio.
• Institutional interest in Micron remains strong, with 80.84% of the stock owned by institutions. Several other funds also added or initiated positions, while insiders have sold 146,000 shares over the last 90 days.
• Micron posted a better-than-expected quarter, reporting $12.20 EPS versus estimates of $9.19 on revenue of $23.86 billion, and it also raised its quarterly dividend to $0.15 per share. Analysts remain broadly bullish, with an average rating of Buy and an average target price of $737.63.

Horizon Investment Services LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,707 shares of the semiconductor manufacturer's stock, valued at approximately $4,198,000. Micron Technology accounts for 1.5% of Horizon Investment Services LLC's holdings, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC boosted its stake in Micron Technology by 100.6% in the fourth quarter. Icon Wealth Advisors LLC now owns 1,456 shares of the semiconductor manufacturer's stock worth $416,000 after buying an additional 730 shares in the last quarter. Infusive Asset Management Inc. purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $4,734,000. Cornerstone Financial Management LLC purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $61,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $1,662,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $526,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 125,737 shares of the company's stock, valued at $43,679,776.43. The trade was 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 have sold 146,000 shares of company stock valued at $85,486,715 over the last ninety days. Insiders own 0.24% of the company's stock.

Micron Technology Price Performance

MU opened at $981.61 on Friday. The stock has a fifty day simple moving average of $677.58 and a two-hundred day simple moving average of $463.52. 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 has a market cap of $1.11 trillion, a price-to-earnings ratio of 46.35 and a beta of 2.16. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,089.29.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm's quarterly revenue was up 196 compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. Research analysts predict that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

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

Micron Technology News Summary

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MU shares. Summit Insights downgraded Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. The Goldman Sachs Group upped their target price on Micron Technology from $400.00 to $900.00 and gave the company a "neutral" rating in a report on Wednesday. Needham & Company LLC upped their target price on Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Royal Bank Of Canada upped their target price on Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Five 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $737.63.

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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