Intech Investment Management LLC Decreases Position in Micron Technology, Inc. $MU

Key Points

• Intech Investment Management LLC reduced its Micron Technology stake by 2.0% in the fourth quarter, selling 2,469 shares and leaving it with 120,456 shares valued at about $34.4 million.
• Insider selling has been notable recently, with directors and executives selling 106,000 shares over the last 90 days, including a 2,000-share sale by Director Steven J. Gomo and a 40,000-share sale by EVP April S. Arnzen.
• Analysts remain bullish overall: Micron has a consensus Buy rating with an average price target of $554.80, while recent reports cited even higher targets amid optimism about AI-driven memory demand and tighter supply.

Intech Investment Management LLC cut its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 120,456 shares of the semiconductor manufacturer's stock after selling 2,469 shares during the period. Intech Investment Management LLC's holdings in Micron Technology were worth $34,379,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Micron Technology in the third quarter worth about $25,000. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings 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 buying an additional 52 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company's stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the company'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 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. This represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 106,000 shares of company stock valued at $47,032,460 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. Needham & Company LLC lifted their target price on shares of Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a "buy" rating and a $700.00 target price for the company. KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $554.80.

Micron Technology Price Performance

NASDAQ MU opened at $923.52 on Friday. The business's fifty day moving average price is $547.31 and its 200-day moving average price is $407.37. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 43.60 and a beta of 1.91. 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 $92.22 and a 1-year high of $956.16.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company's revenue was up 196 compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 57.82 earnings per share for the current year.

Micron Technology Increases Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS raised its price target on Micron to a Wall Street-high $1,625, reinforcing the view that AI memory demand can support much higher earnings and valuation multiples. Benzinga
• Positive Sentiment: Barclays also boosted its target to $1,175 and kept an Overweight rating, adding to the bullish analyst momentum around MU. Finbold
• Positive Sentiment: Commentary across several outlets points to surging AI infrastructure spending, tight memory supply, and improving pricing power, which could lift Micron’s margins and earnings further. Zacks
• Neutral Sentiment: Micron’s market value crossing $1 trillion has drawn enormous attention and momentum buying, but it also raises valuation questions and has sparked debate about whether the rally is becoming overextended. GuruFocus
• Neutral Sentiment: Some articles highlight that Micron is now being compared with other AI winners and memory peers such as SK Hynix and Samsung, underscoring a broader sector rerating rather than a company-specific event alone. Barron's
• Negative Sentiment: At least one piece warns that Micron may be “priced for perfection,” suggesting the stock could be vulnerable if AI spending slows or memory prices normalize faster than expected. 24/7 Wall St.

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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