Micron Technology, Inc. $MU Shares Acquired by Florida Trust Wealth Management Co

Key Points

• Florida Trust Wealth Management increased its stake in Micron by 19.9% in Q4 to 51,233 shares valued at about $14.62 million, while institutional investors own roughly 80.84% of the stock.
• Analysts are broadly bullish—multiple firms raised price targets (e.g., Bank of America and TD Cowen to $500, Sanford Bernstein to $510), leaving a consensus Buy rating and an average target of $463.71—backed by Micron ramping production to supply NVIDIA’s next‑gen Vera Rubin AI systems.
• Significant insider selling has occurred recently: EVP Sumit Sadana sold 25,000 shares at about $429.89 and CAO Scott Allen sold 2,000 shares at $337.50, with insiders net selling more than buying over the last 90 days and owning just 0.24% of the company.

Florida Trust Wealth Management Co increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,233 shares of the semiconductor manufacturer's stock after purchasing an additional 8,494 shares during the period. Florida Trust Wealth Management Co's holdings in Micron Technology were worth $14,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Micron Technology during the third quarter worth approximately $27,000. Elevation Wealth Partners LLC grew its holdings in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the second quarter worth about $30,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MU. Itau BBA Securities reissued an "outperform" rating on shares of Micron Technology in a report on Thursday, December 18th. Bank of America increased their target price on Micron Technology from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. TD Cowen lifted their target price on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. The Goldman Sachs Group upped their price target on Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein raised their price objective on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Five 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $463.71.

Micron Technology News Summary

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

• Positive Sentiment: Micron is ramping production to supply NVIDIA’s next‑gen Vera Rubin systems, directly tying MU to near‑term AI server demand and potential revenue upside. Micron Technology (MU) Ramping Up Production For NVDA’s Next-Gen Vera Rubin Systems
• Positive Sentiment: Rosenblatt and other analysts remain bullish (consensus price targets materially above current levels), supporting upside expectations if AI demand sustains. Rosenblatt Bullish on Micron Technology (MU) Amid Strong Revenue Growth
• Positive Sentiment: Market commentators and some strategists are pitching MU as a “buy the pullback” AI‑storage play, arguing the recent drop is fear‑driven rather than fundamentals‑driven. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Top analysts have highlighted multi‑year AI upside for MU, and high‑profile investors adding exposure has supported confidence in the sector’s growth runway. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Neutral Sentiment: Longer‑term speculative pieces debate whether MU can reach trillion‑dollar scale by 2030; useful for context but not immediate catalysts. Will Micron Be a Trillion-Dollar Company By 2030?
• Neutral Sentiment: Valuation narratives: some bullish pieces call MU “cheap” on multiples but warn the company must prove structural tailwinds vs. cyclical memory cycles. Prediction: This Memory Supercycle Growth Stock Could 3X by 2030
• Negative Sentiment: Citi cut its price target citing DDR5 DRAM softness and risk from Google’s TurboQuant memory‑compression tech; that note triggered a notable pullback. Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right
• Negative Sentiment: Coverage changes: Erste downgraded MU from buy to hold, adding near‑term analyst caution that can weigh on sentiment. Finviz
• Negative Sentiment: Tech‑sector headwinds (e.g., commodity/oil moves and broader market rotations) have pressured chip names, creating volatility risk for MU despite solid fundamentals. Oil Surge Shakes Markets As Tech Slips

Insider Activity

In other news, CAO Scott R. Allen sold 2,000 shares of the business's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares of the company's stock, valued at approximately $12,904,987.50. The trade was a 4.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were 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 approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 93,623 shares worth $35,728,508. Corporate insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock opened at $366.24 on Friday. The company has a market cap of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. The business has a 50 day moving average of $403.11 and a two-hundred day moving average of $299.91. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. 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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