McHugh Group LLC Trims Stake in Micron Technology, Inc. $MU

Key Points

• McHugh Group LLC cut its Micron stake by 34.9% in Q4, selling 3,002 shares and leaving 5,600 shares valued at $1.598 million (about 0.9% of the fund's holdings and its 21st largest position).
• Positive industry drivers — rising memory prices from big cloud/AI customers and stronger demand for high‑end HBM — have spurred analyst optimism and price‑target upgrades (Cantor $700, Barclays $675, Rosenblatt $500), with a MarketBeat average target of $478.24 and predominantly Buy ratings.
• Company insiders have recently sold large blocks (EVP April Arnzen: 40,000 shares for ~$13.9M; EVP Sumit Sadana: 24,000 shares for ~$10.1M), while Micron also raised its quarterly dividend to $0.15.

McHugh Group LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 34.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,600 shares of the semiconductor manufacturer's stock after selling 3,002 shares during the period. Micron Technology accounts for about 0.9% of McHugh Group LLC's holdings, making the stock its 21st biggest holding. McHugh Group LLC's holdings in Micron Technology were worth $1,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MU. iA Global Asset Management Inc. raised its stake in Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after acquiring an additional 23,117 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after acquiring an additional 8,489 shares during the last quarter. Generation Capital Management LLC purchased a new stake in Micron Technology during the 3rd quarter valued at approximately $238,000. Westpac Banking Corp raised its stake in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after acquiring an additional 16,509 shares during the last quarter. Finally, Avanda Investment Management Pte. Ltd. acquired a new position in Micron Technology during the 3rd quarter worth approximately $418,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

More Micron Technology News

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

• Positive Sentiment: Big cloud and AI customers (Meta, Microsoft, Amazon) signaled rising memory prices and bigger AI capex — a direct revenue and pricing tailwind for Micron’s memory business. Why Is Micron Technology Stock Up On Friday?
• Positive Sentiment: Top‑end memory (HBM) demand tied to agentic AI and inference workloads is intensifying; industry writeups highlight structural need for faster, larger memory — a long‑term market opportunity for Micron’s HBM products. The AI Gold Rush Just Hit a New Layer: Here’s Why Sandisk Is Printing Money
• Positive Sentiment: Analyst bullishness is rising — multiple outlets report steep price targets (notably DA Davidson’s $1,000 call) and broader Wall Street upgrades, which support momentum and investor conviction. Micron (MU) Stock Soars as DA Davidson Sets Bold $1,000 Target Amid AI Memory Boom
• Positive Sentiment: Earnings/outlook commentary and inclusion on screens highlighting earnings growth (Zacks, other coverage) reinforce the case that fundamentals and price momentum are aligned. Earnings Growth & Price Strength Make Micron (MU) a Stock to Watch
• Neutral Sentiment: New analyst coverage at smaller shops (Melius) and sector reports (Rambus piece on memory/IP/product shifts) add context but are secondary to large‑customer demand signals. Micron Technology NASDAQ: MU Research Coverage Started at Melius Research
• Negative Sentiment: Valuation and momentum risk: several articles warn the stock has run up quickly and may be pricing in a substantial “memory supercycle,” raising pullback risk and making timing and valuation important considerations. A Look At Micron Technology (MU) Valuation After Its Recent Share Price Surge
• Negative Sentiment: Market volatility warnings: analysts and commentators note that semiconductor rallies can reverse sharply, so short‑term traders face elevated risk despite strong headlines. The Semiconductor Pop Was Violent — the Pullback Could Be Too

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Cantor Fitzgerald boosted their target price on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Wedbush boosted their target price on Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Needham & Company LLC boosted their target price on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Finally, Barclays boosted their target price on Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $478.24.

Micron Technology Stock Performance

MU opened at $542.21 on Monday. The stock has a market cap of $611.47 billion, a P/E ratio of 25.60 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock's 50 day simple moving average is $422.13 and its 200 day simple moving average is $338.52. Micron Technology, Inc. has a 1-year low of $78.54 and a 1-year high of $545.91.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. The ex-dividend date was Monday, March 30th. 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. Micron Technology's payout ratio is currently 2.83%.

Insider Activity

In other news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were 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 in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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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