IPG Investment Advisors LLC Sells 12,873 Shares of Micron Technology, Inc. $MU

Key Points

• IPG Investment Advisors LLC cut its Micron stake by 63.2% in the fourth quarter, selling 12,873 shares and leaving it with 7,501 shares valued at about $2.14 million.
• Micron has seen strong institutional interest and bullish analyst sentiment, with hedge funds and other institutions owning 80.84% of the stock and several firms raising price targets; the consensus rating remains “Buy.”
• The company’s fundamentals and stock performance remain very strong, highlighted by blowout quarterly results, a 196% year-over-year revenue jump, and shares trading near a 1-year high with a market cap above $1 trillion.

IPG Investment Advisors LLC reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,501 shares of the semiconductor manufacturer's stock after selling 12,873 shares during the period. IPG Investment Advisors LLC's holdings in Micron Technology were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology during the third quarter worth about $25,000. High Note Wealth LLC boosted its holdings in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Micron Technology by 91.2% during 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. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: UBS and Barclays raised their Micron price targets, with UBS setting a Street-high target of $1,625, fueling fresh buying. Benzinga report on UBS price target hike
• Positive Sentiment: Investors are betting that AI-driven shortages in DRAM and HBM memory will keep pricing power strong, supporting Micron’s earnings and margins. Reuters article on Micron joining the $1 trillion club
• Positive Sentiment: Micron’s latest earnings and guidance were extremely strong, with revenue up sharply year over year and management pointing to even higher fiscal Q3 revenue and margins. Seeking Alpha article on Micron’s AI bottleneck trade
• Positive Sentiment: The company announced its fiscal third-quarter earnings report will be released on June 24, keeping attention on another potential catalyst. Micron earnings date announcement
• Neutral Sentiment: Micron has crossed the $1 trillion market-cap milestone, a major headline that underscores the scale of the rally but also raises valuation questions. Forbes article on Micron passing $1 trillion
• Neutral Sentiment: Broader tech and chip stocks are also benefiting from the AI trade, helping support Micron’s move even as the wider market remains mixed. MarketWatch article on memory-chip rally
• Negative Sentiment: Some commentators warn the stock may be getting extended after its huge run, arguing that Micron is now priced for perfection and could be vulnerable if sentiment cools. 24/7 Wall St. cautionary article

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the chief executive officer owned 424,503 shares of the company's stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MU has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Summit Insights lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. Mizuho set a $1,150.00 target price on shares of Micron Technology in a report on Wednesday. Citigroup increased their target price on shares of Micron Technology from $425.00 to $840.00 and gave the stock a "buy" rating in a report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $566.47.

Micron Technology Stock Performance

Shares of MU opened at $928.41 on Thursday. 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 one year low of $92.22 and a one year high of $956.16. The company has a 50-day simple moving average of $538.07 and a two-hundred day simple moving average of $402.54. The firm has a market capitalization of $1.05 trillion, a PE ratio of 43.83 and a beta of 1.91.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same period last year, the business posted $1.56 earnings per share. Micron Technology's quarterly revenue was up 196 compared to the same quarter last year. On average, analysts anticipate that Micron Technology, Inc. will post 57.82 EPS for the current fiscal year.

Micron Technology Increases Dividend

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