Lighthouse Financial Services Inc. ADV Takes Position in Micron Technology, Inc. $MU

Key Points

• Lighthouse Financial Services initiated a new position in Micron Technology in the fourth quarter, buying 2,108 shares worth about $602,000.
• Institutional interest in Micron remains strong, with several large funds significantly increasing holdings; institutions and hedge funds now own about 80.84% of the company.
• Micron has seen bullish momentum from both insider activity and analyst upgrades, while its stock recently hit a fresh 52-week high amid optimism around AI-driven memory demand and the “AI memory supercycle.”

Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,108 shares of the semiconductor manufacturer's stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. AQR Capital Management LLC boosted its holdings in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Micron Technology by 70.2% during the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock valued at $505,942,000 after acquiring an additional 1,246,773 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Micron Technology by 1,064.3% during the third quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer's stock valued at $218,264,000 after acquiring an additional 1,192,433 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Micron Technology by 19.9% during the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock valued at $1,196,427,000 after acquiring an additional 1,188,296 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 104,000 shares of company stock valued at $45,458,400. 0.24% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $746.33 on Friday. Micron Technology, Inc. has a twelve month low of $84.68 and a twelve month high of $747.21. 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 capitalization of $841.66 billion, a price-to-earnings ratio of 35.24 and a beta of 1.91. The firm has a 50-day moving average of $435.84 and a two-hundred day moving average of $348.07.

Micron Technology Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is currently 2.83%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Mizuho upped their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, March 19th. Melius Research assumed coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a "buy" rating and a $700.00 price objective for the company. Morgan Stanley upped their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Finally, KeyCorp upped their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Five 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $478.24.

Key Micron Technology News

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What's Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

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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