Kercheville Advisors LLC Buys Shares of 8,000 Micron Technology, Inc. $MU

Key Points

• Kercheville Advisors LLC bought a new stake of 8,000 shares of Micron Technology (NASDAQ:MU) in Q4, valued at about $2.283 million per its latest 13F filing.
• Wall Street is largely bullish: multiple analysts raised targets (e.g., KeyCorp to $600) and the consensus rating is Buy with an average price target of $464.61.
• Micron increased its quarterly dividend to $0.15 (annualized $0.60) and has ~80.84% institutional ownership, though insiders sold roughly 89,000 shares (~$34.8M) in the past 90 days.

Kercheville Advisors LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,000 shares of the semiconductor manufacturer's stock, valued at approximately $2,283,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in Micron Technology during the 4th quarter valued at $2,927,000. Calamos Wealth Management LLC raised its holdings in Micron Technology by 24.4% during the 4th quarter. Calamos Wealth Management LLC now owns 7,872 shares of the semiconductor manufacturer's stock valued at $2,247,000 after acquiring an additional 1,545 shares during the period. MWA Asset Management bought a new stake in Micron Technology during the 4th quarter valued at $207,000. Calamos Advisors LLC raised its holdings in Micron Technology by 0.8% during the 4th quarter. Calamos Advisors LLC now owns 398,748 shares of the semiconductor manufacturer's stock valued at $113,807,000 after acquiring an additional 3,127 shares during the period. Finally, Virtus Wealth Solutions LLC bought a new stake in Micron Technology during the 4th quarter valued at $24,994,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MU shares. Phillip Securities raised shares of Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Needham & Company LLC increased their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. KeyCorp lifted their price objective on Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Mizuho boosted their target price on Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a research report on Thursday, March 19th. Finally, Piper Sandler upped their target price on Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 7th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $464.61.

Micron Technology News Summary

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

• Positive Sentiment: Bull case: analysts and commentators point to an AI memory surge, improving pricing power and a lower relative valuation that make MU a standout amid accelerating demand and margins. Zacks: One AI Stock Outpacing NVIDIA & Palantir
• Positive Sentiment: Supply-side bullishness: reports that long-term contracts are tightening AI memory supply helped lift sentiment — a near-term catalyst for pricing and revenue visibility. Yahoo: Why Micron Is Up After AI Memory Supply Tightens
• Positive Sentiment: Sector momentum: the semiconductor ETF (SOXX) logged an extended winning streak, reinforcing risk-on flows into memory names including Micron. Benzinga: SOXX 17-Day Win Streak
• Positive Sentiment: Industry narratives: multiple pieces highlight Micron as an “AI bottleneck” beneficiary and a structural winner as HBM demand explodes, supporting longer-term revenue and margin upside. 247wallst: 2 'AI Bottleneck Stocks'
• Neutral Sentiment: Data anomaly: an April 24 short-interest entry shows 0 shares (likely a reporting glitch); treat that specific figure as unreliable until exchanges update filings. (Internal short-interest data)
• Neutral Sentiment: Some analysts/questions note the rally’s stretch and ask whether structural revaluation is fully priced — useful context for risk management even as fundamentals improve. Seeking Alpha: Rally Is Missing Bigger Shift
• Negative Sentiment: Rising short interest: as of April 15 short positions rose to ~36.3M shares (about 3.2% short; days-to-cover ~0.8), a ~15.9% increase from March — more shorting can add selling pressure or volatility if momentum stalls.
• Negative Sentiment: Competitor surprise: SK Hynix reported a very strong quarter, and at one point Micron didn’t capture the same early-day lift — competitor results can create intra-sector rotation and short-term volatility for MU. Yahoo: SK Hynix Posts 400% Profit Rise

Micron Technology Stock Performance

Micron Technology stock opened at $496.72 on Friday. Micron Technology, Inc. has a fifty-two week low of $73.50 and a fifty-two week high of $506.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The stock has a market cap of $560.17 billion, a P/E ratio of 23.45 and a beta of 1.60. The firm's fifty day moving average price is $413.83 and its 200-day moving average price is $327.37.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This is a positive change 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%. Micron Technology's dividend payout ratio (DPR) is 2.83%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company's stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of 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 89,000 shares of company stock worth $34,755,250 in the last 90 days. Company insiders own 0.24% of the company's stock.

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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