Micron Technology, Inc. $MU Shares Purchased by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management boosted its stake in Micron by 68.7% in Q4, adding 2,491 shares to hold 6,115 shares valued at about $1.745 million.
• Several analysts sharply raised targets (JPMorgan to $550, Mizuho to $530, Barclays to $675), and the stock carries a consensus "Buy" rating with an average price target of $464.61.
• Micron raised its quarterly dividend to $0.15 and issued guidance that materially exceeded expectations, while capacity expansions and strengthening AI-driven DRAM/HBM demand are cited as key catalysts for the rally.

OFI Invest Asset Management boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 68.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,115 shares of the semiconductor manufacturer's stock after acquiring an additional 2,491 shares during the quarter. OFI Invest Asset Management's holdings in Micron Technology were worth $1,745,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. grew its position in Micron Technology by 18.7% in 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 buying an additional 23,117 shares during the last quarter. Wealthfront Advisers LLC grew its position in Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after buying an additional 8,489 shares during the last quarter. Westpac Banking Corp boosted its position in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Generation Capital Management LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth $238,000. Finally, Avanda Investment Management Pte. Ltd. acquired a new position in shares of Micron Technology during the 3rd quarter worth $418,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. William Blair assumed coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They issued an "outperform" rating for the company. Mizuho raised their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Barclays raised their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Micron Technology in a research note on Thursday, January 29th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $464.61.

Micron Technology Price Performance

NASDAQ:MU opened at $421.51 on Friday. The firm has a market cap of $475.35 billion, a price-to-earnings ratio of 19.90 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. The company's 50-day moving average is $401.37 and its two-hundred day moving average is $305.41. Micron Technology, Inc. has a 12-month low of $65.64 and a 12-month high of $471.34.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a $0.15 dividend. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's payout ratio is currently 2.83%.

More Micron Technology News

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

• Positive Sentiment: Micron issued guidance for the quarter that materially exceeds street expectations (EPS guidance well above consensus and revenue guidance far ahead of estimates), signaling stronger-than-expected near-term profitability and demand—this is a direct fundamental catalyst for the rally.
• Positive Sentiment: UBS raised its price target on MU (Buy), citing improving pricing and long‑term deal potential in memory — analyst upgrades and higher targets tend to attract flows and support higher valuations. Micron price target boosted by UBS as memory “super-cycle” defies norms
• Positive Sentiment: BofA highlighted a multi-year AI capex ramp and named Micron among top blue‑chip beneficiaries — bullish institutional research on AI infrastructure increases conviction that DRAM/HBM demand will stay strong. BofA Sees Strong Growth in AI Investment, Backs Micron (MU)
• Positive Sentiment: Strategic investments and capacity expansion: Micron invested in SiMa.ai (edge AI partnership), announced community investment tied to a planned NY megafab, and is buying a Taiwan DRAM site to expand HBM/DRAM capacity — all move supply-side capability closer to meeting AI demand. Micron Expands AI Ecosystem With Edge Partner And New York Megafab Plans
• Positive Sentiment: Sector/strategy write-ups (Seeking Alpha, MarketBeat, The Motley Fool, etc.) highlight structural memory shortages, high‑bandwidth memory (HBM) tailwinds and institutional accumulation — narrative pieces amplify buying pressure by shifting investor expectations from cyclical to secular growth. Micron: The Memory Bottleneck Is Shifting - And Market Hasn't Caught Up
• Neutral Sentiment: Short‑term technical/flow commentary notes a recent 100%+ rally over months and heavy institutional ownership; some analysts ask whether more upside remains — supportive but suggests higher sensitivity to earnings execution. Micron Stock (MU) Rallies 124% in Six Months – Is There More Upside Left?
• Negative Sentiment: Supply‑risk headline: reports that a Middle East cease‑fire could ease helium supply constraints (helium is used in chip production) briefly pressured shares earlier — if supply tightness eases materially, memory pricing could moderate over time. Stocks to Watch: Disney, Constellation, Micron

Insider Activity

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of the company's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction on Tuesday, January 13th. The stock was purchased at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the acquisition, the director owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 91,623 shares valued at $35,053,508. Corporate insiders own 0.24% of the company's stock.

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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