Micron Technology, Inc. $MU Shares Acquired by Altfest L J & Co. Inc.

Key Points

• Altfest L J & Co. Inc. boosted its Micron stake by 71.1% in Q4, owning 8,867 shares after buying 3,684 more and valuing its position at about $2.53 million.
• Micron signaled strong momentum as management raised Q3 FY2026 guidance well above consensus on robust AI/HBM demand, while analysts have lifted price targets and the stock carries a consensus "Buy" rating with a $464.61 average target.
• Company insiders have recently sold material stock (EVPs sold 25,000 and 40,000 shares) and net insider sales exceeded buys in the past three months, even as Micron increased its quarterly dividend to $0.15 from $0.12.

Altfest L J & Co. Inc. boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,867 shares of the semiconductor manufacturer's stock after purchasing an additional 3,684 shares during the quarter. Altfest L J & Co. Inc.'s holdings in Micron Technology were worth $2,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MU. Vanguard Group Inc. lifted its stake in Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer's stock valued at $17,510,615,000 after buying an additional 773,788 shares during the last quarter. State Street Corp lifted its stake in Micron Technology by 0.6% in the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock valued at $8,643,613,000 after buying an additional 285,582 shares during the last quarter. Capital International Investors lifted its stake in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock valued at $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Invesco Ltd. lifted its stake in Micron Technology by 8.0% in the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock valued at $1,609,981,000 after buying an additional 708,716 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Micron Technology by 1.9% in the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock valued at $1,217,394,000 after buying an additional 135,850 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

More Micron Technology News

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

• Positive Sentiment: Company-issued upside guidance: Micron raised Q3 FY2026 outlook well above consensus — management guided to materially higher EPS and revenue, signaling strong AI/HBM demand and better-than-expected margin leverage (this is a primary driver of optimism among investors).
• Positive Sentiment: BofA backing and AI capex thesis: Bank of America highlighted accelerating, more-stable AI infrastructure spending and lists Micron among top blue‑chip beneficiaries, reinforcing the multi-year demand narrative for memory. BofA Sees Strong Growth in AI Investment, Backs Micron (MU)
• Positive Sentiment: Street-high targets and upgrades: Analysts are lifting price targets (one $825 target cited) and upgrades continue, supporting momentum and buy-side conviction. Micron Gets Street-High $825 Target
• Positive Sentiment: Dividend payment: Micron will pay an upcoming dividend (April 15), which adds a modest income component and may support sentiment among income-focused investors. Micron to pay dividends on April 15; Here's how much 100 shares will earn
• Neutral Sentiment: Momentum and retail interest: Multiple outlets profile MU as a top momentum/AI-infrastructure pick (technical and earnings momentum), which can fuel both follow‑through rallies and higher volatility. Micron & 2 More Momentum Stocks You Shouldn't Miss This April
• Neutral Sentiment: Investor access strategies: Commentary on ways to get exposure with reduced capital (options/structured approaches) may broaden participation but doesn’t change the underlying fundamentals. Micron Stock: Tap Into The Memory-Chip Maker While Reducing Capital Risk
• Negative Sentiment: Modelled downside risk and pullback warnings: Quant models and some analysts flag potential downside (a $318.89 target cited), implying meaningful pullback risk from current levels if momentum stalls or supply/demand dynamics shift. Micron Has 15.58% Downside Risk to Our $318.89 Target Despite the 485.1% Rally
• Negative Sentiment: Geopolitical & trade risks for AI chips: U.S.–China policy friction and export controls remain an overhang for the sector; persistent trade tensions could disrupt supply chains or limit addressable markets for certain customers. AI Chips Are A Looming Battlefield In U.S.-China Trade. What Investors Should Know.

Analysts Set New Price Targets

A number of research firms have issued reports on MU. Needham & Company LLC raised their target price on Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. KeyCorp raised their target price on Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised their target price on Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $464.61.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares of the company's stock, valued at $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology 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 transaction, the executive vice president directly owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 91,623 shares valued at $35,053,508. Company insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $420.59 on Friday. Micron Technology, Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $471.34. The firm's 50-day simple moving average is $401.49 and its 200 day simple moving average is $308.18. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The stock has a market cap of $474.31 billion, a P/E ratio of 19.86 and a beta of 1.60.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 30th. This is an increase 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 is presently 2.83%.

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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