Micron Technology, Inc. $MU Shares Sold by Elm Partners Management LLC

Key Points

• Elm Partners Management LLC cut its Micron Technology stake by 97.5% in the fourth quarter, selling 32,160 shares and leaving it with just 840 shares valued at about $240,000.
• Despite some mixed institutional activity, Wall Street sentiment remains broadly positive, with multiple analysts raising price targets and MarketBeat showing a consensus rating of “Buy” with an average target of $595.63.
• Micron continues to benefit from strong operating momentum, including a recent quarter that beat estimates on EPS and revenue, while AI memory demand and record margins are cited as key growth drivers.

Elm Partners Management LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 97.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 840 shares of the semiconductor manufacturer's stock after selling 32,160 shares during the quarter. Elm Partners Management LLC's holdings in Micron Technology were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC raised its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after purchasing an additional 628 shares during the last quarter. United Bank acquired a new position in Micron Technology in the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. raised its stake in Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after purchasing an additional 21,619 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research analyst reports. Royal Bank Of Canada upped 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. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. DA Davidson initiated coverage on shares of Micron Technology in a research note on Monday, May 11th. They set a "buy" rating and a $1,000.00 price objective for the company. Citigroup upped their price objective on shares of Micron Technology from $425.00 to $840.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Finally, TD Cowen upped their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $595.63.

Insider Buying and Selling at Micron Technology

In related 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 transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,000 shares of company stock worth $47,032,460 in the last quarter. Company insiders own 0.24% of the company's stock.

Micron Technology Trading Down 0.1%

NASDAQ MU opened at $970.47 on Monday. The company has a 50-day moving average of $557.48 and a 200-day moving average of $412.42. The company has a market cap of $1.09 trillion, a P/E ratio of 45.82 and a beta of 2.15. Micron Technology, Inc. has a 12 month low of $92.22 and a 12 month high of $981.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company's revenue was up 196 on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 58.62 earnings per share for the current year.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were given a dividend of $0.15 per share. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is currently 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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