Matthews International Capital Management LLC Sells 8,618 Shares of Micron Technology, Inc. $MU

Key Points

• Matthews International Capital Management LLC trimmed its Micron stake by 23.7%, selling 8,618 shares and leaving it with 27,726 shares valued at $7.913 million, about 2.4% of the firm's portfolio and its 17th-largest holding.
• Analysts have grown more bullish—several firms raised price targets (Deutsche Bank to $550, UBS to $535, Morgan Stanley to $450)—resulting in a consensus Buy rating and an average price target of $464.61.
• Micron raised its quarterly dividend to $0.15 (annualized $0.60, yield ~0.1%) while insiders sold roughly 89,000 shares (~$34.8M) over the past three months; the stock is up about 3.1% with a market cap near $560 billion.

Matthews International Capital Management LLC trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,726 shares of the semiconductor manufacturer's stock after selling 8,618 shares during the quarter. Micron Technology comprises about 2.4% of Matthews International Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Matthews International Capital Management LLC's holdings in Micron Technology were worth $7,913,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. China Universal Asset Management Co. Ltd. increased its position in Micron Technology by 44.8% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 57,278 shares of the semiconductor manufacturer's stock worth $16,354,000 after acquiring an additional 17,734 shares during the period. Rakuten Securities Inc. increased its position in Micron Technology by 187.0% during the fourth quarter. Rakuten Securities Inc. now owns 46,321 shares of the semiconductor manufacturer's stock worth $13,220,000 after acquiring an additional 30,179 shares during the period. Lebenthal Global Advisors LLC increased its position in Micron Technology by 0.6% during the fourth quarter. Lebenthal Global Advisors LLC now owns 5,728 shares of the semiconductor manufacturer's stock worth $1,635,000 after acquiring an additional 35 shares during the period. Cora Capital Advisors LLC bought a new position in Micron Technology during the fourth quarter worth about $222,000. Finally, N.E.W. Advisory Services LLC increased its position in Micron Technology by 31.8% during the fourth quarter. N.E.W. Advisory Services LLC now owns 1,332 shares of the semiconductor manufacturer's stock worth $380,000 after acquiring an additional 321 shares during the period. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

MU has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Erste Group Bank cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. UBS Group upped their price objective on shares of Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Needham & Company LLC upped their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Finally, 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 research report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $464.61.

Micron Technology Stock Up 3.1%

MU stock opened at $496.72 on Friday. The stock has a market capitalization of $560.17 billion, a P/E ratio of 23.45 and a beta of 1.60. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12 month low of $73.50 and a 12 month high of $506.99. The firm has a 50-day moving average price of $413.83 and a 200-day moving average price of $327.37.

Micron Technology Increases Dividend

The business also recently announced 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 an increase from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology's dividend payout ratio (DPR) is currently 2.83%.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares of the company's stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction 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 $43,679,776.43. This trade represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 89,000 shares of company stock valued at $34,755,250 in the last three months. Company insiders own 0.24% of the company's stock.

Key Micron Technology News

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

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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