K.J. Harrison & Partners Inc Decreases Stake in Micron Technology, Inc. $MU

Key Points

• K.J. Harrison & Partners cut its stake in Micron by 80% in Q4, selling 12,000 shares and retaining 3,000 shares worth about $856,000.
• Several analysts have raised price targets (examples: Barclays to $675, Cantor Fitzgerald to $700), and Micron carries a consensus "Buy" rating with a MarketBeat consensus target of $478.24.
• Insider selling accelerated recently—executives sold a combined 104,000 shares (~$45.5M) over the last three months—while analysts warn the stock may be overbought and subject to short‑term pullbacks.

K.J. Harrison & Partners Inc cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 80.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the semiconductor manufacturer's stock after selling 12,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Micron Technology were worth $856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp raised its holdings in Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock worth $8,643,613,000 after purchasing an additional 285,582 shares during the last quarter. Capital International Investors raised its holdings in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Invesco Ltd. raised its holdings in Micron Technology by 8.0% during the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock worth $1,609,981,000 after purchasing an additional 708,716 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Micron Technology by 1.9% during the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock worth $1,217,394,000 after purchasing an additional 135,850 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MU shares. Barclays lifted their price objective on Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Cantor Fitzgerald lifted their price objective on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. HSBC lifted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Sanford C. Bernstein lifted their price objective on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th. Finally, TD Cowen lifted their price objective on Micron Technology from $550.00 to $660.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Five equities research 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. According to data from MarketBeat, Micron Technology has a consensus rating of "Buy" and a consensus target price of $478.24.

Micron Technology News Summary

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

• Positive Sentiment: Bull case: reports say the market still underestimates an AI memory “supercycle” that is tightening DRAM/NAND capacity and pushing prices and margins higher, supporting multi‑quarter revenue upside. Seeking Alpha: The AI Memory Supercycle
• Positive Sentiment: Product win: Micron began shipping a 245TB 6600 ION SSD for hyperscale/cloud AI storage — a high‑capacity product that can accelerate enterprise/hyperscaler adoption and lift enterprise SSD revenue. Yahoo Finance: 245TB SSD Launch
• Positive Sentiment: Analyst/price‑target momentum: firms and bullish coverage (including a notable $740 target) have pushed sentiment and helped MU reach record market caps, supporting continued institutional interest. Blockonomi: $740 Price Target
• Neutral Sentiment: Macro/sector context: broader AI infrastructure demand is lifting memory makers (and could raise device prices), which supports the cycle but also concentrates risk in AI spending trends. Investopedia: AI and Device Pricing
• Neutral Sentiment: Market mechanics: speculation about a possible stock split and heavy social/media chatter have amplified momentum and volume, increasing both upside interest and short‑term volatility. The Motley Fool: Stock‑Split Watch
• Negative Sentiment: Insider sale: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing) — a headline that can prompt near‑term selling even though insiders still hold large stakes. SEC Filing: Insider Sale
• Negative Sentiment: Risk of pullback: analysts and commentators warn MU looks overbought (technical RSI/readings, rapid YTD gains), and some note demand concentration and possible re‑equilibration could trigger profit‑taking. Invezz: Overbought Warning
• Negative Sentiment: Immediate market action: a morning/previous session pullback was noted by market reporters and Zacks — MU has dipped more than the broader market in the latest session, reflecting short‑term rotation. Zacks: MU Dips More Than Market

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction on 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 directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This trade represents 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 sold a total of 104,000 shares of company stock valued at $45,458,400 over the last three months. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Performance

NASDAQ MU opened at $646.63 on Friday. Micron Technology, Inc. has a fifty-two week low of $83.36 and a fifty-two week high of $683.09. The stock has a market cap of $729.22 billion, a price-to-earnings ratio of 30.53 and a beta of 1.91. The business has a fifty day moving average of $435.84 and a 200-day moving average of $348.07. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology's payout ratio is presently 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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