Micron Technology, Inc. $MU Shares Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Manangement LLC increased its Micron stake by 6.9% to 47,002 shares (about $14.67M), and institutional investors now own roughly 80.84% of the company.
• Micron delivered a blowout quarter — EPS of $12.20 (vs. $8.50 est.) and revenue of $23.86B — prompting multiple analyst price‑target increases and a consensus "Buy" rating with an average target of $453.55.
• Despite the strong results, insiders sold significant stock (EVP Manish Bhatia sold 26,623 shares) and management signaled meaningfully higher capex, a near‑term cash/margin risk, while the company raised its quarterly dividend to $0.15.

NorthCrest Asset Manangement LLC boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,002 shares of the semiconductor manufacturer's stock after buying an additional 3,028 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Micron Technology were worth $14,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MU. Orleans Capital Management Corp LA bought a new position in Micron Technology during the second quarter worth $256,000. iA Global Asset Management Inc. increased its stake in Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after purchasing an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC raised its holdings in shares of Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer's stock worth $3,221,000 after purchasing an additional 5,233 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock worth $15,962,000 after purchasing an additional 8,489 shares during the period. Finally, Westpac Banking Corp lifted its position in shares of Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after buying an additional 16,509 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MU shares. Stifel Nicolaus lifted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Mizuho raised their target price on shares of Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday. Rosenblatt Securities restated a "buy" rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. HSBC upped their target price on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Finally, Susquehanna increased their price target on Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a research report on Monday, March 9th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $453.55.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares in the company, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 6th. The stock was 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 directly owned 38,237 shares in the company, valued at $12,904,987.50. This represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 68,623 shares valued at $25,989,258. 0.24% of the stock is owned by insiders.

Micron Technology Stock Performance

MU opened at $422.81 on Friday. The business has a 50 day moving average price of $402.64 and a two-hundred day moving average price of $284.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 1.78. The company has a market capitalization of $475.87 billion, a price-to-earnings ratio of 19.96 and a beta of 1.50. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $471.34.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.50 by $3.70. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. During the same period last year, the firm earned $1.56 EPS. The firm's revenue for the quarter was up 196.3% on a year-over-year basis. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

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 2.17%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar's energy facility is bearish for Micron

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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