Micron Technology, Inc. $MU Shares Sold by Jackson Creek Investment Advisors LLC

Key Points

• Jackson Creek Investment Advisors reduced its Micron Technology stake by 30% in the fourth quarter, selling 1,880 shares and leaving it with 4,383 shares worth about $1.25 million.
• Micron is benefiting from a strong AI-driven memory-chip rally, with UBS and Barclays raising price targets and investors betting that DRAM and HBM shortages will support pricing power and margins.
• The company reported much stronger-than-expected earnings, with revenue up sharply year over year and management guiding for even higher fiscal Q3 revenue and margins, while analysts remain broadly bullish.

Jackson Creek Investment Advisors LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,383 shares of the semiconductor manufacturer's stock after selling 1,880 shares during the period. Jackson Creek Investment Advisors LLC's holdings in Micron Technology were worth $1,251,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC acquired a new stake in shares of Micron Technology in the third quarter worth approximately $25,000. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 52 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: UBS and Barclays raised their Micron price targets, with UBS setting a Street-high target of $1,625, fueling fresh buying. Benzinga report on UBS price target hike
• Positive Sentiment: Investors are betting that AI-driven shortages in DRAM and HBM memory will keep pricing power strong, supporting Micron’s earnings and margins. Reuters article on Micron joining the $1 trillion club
• Positive Sentiment: Micron’s latest earnings and guidance were extremely strong, with revenue up sharply year over year and management pointing to even higher fiscal Q3 revenue and margins. Seeking Alpha article on Micron’s AI bottleneck trade
• Positive Sentiment: The company announced its fiscal third-quarter earnings report will be released on June 24, keeping attention on another potential catalyst. Micron earnings date announcement
• Neutral Sentiment: Micron has crossed the $1 trillion market-cap milestone, a major headline that underscores the scale of the rally but also raises valuation questions. Forbes article on Micron passing $1 trillion
• Neutral Sentiment: Broader tech and chip stocks are also benefiting from the AI trade, helping support Micron’s move even as the wider market remains mixed. MarketWatch article on memory-chip rally
• Negative Sentiment: Some commentators warn the stock may be getting extended after its huge run, arguing that Micron is now priced for perfection and could be vulnerable if sentiment cools. 24/7 Wall St. cautionary article

Insider Activity

In other news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Up 3.6%

Shares of MU stock opened at $928.41 on Thursday. The firm's 50 day moving average price is $538.07 and its two-hundred day moving average price is $402.54. Micron Technology, Inc. has a fifty-two week low of $92.22 and a fifty-two week high of $956.16. 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 $1.05 trillion, a price-to-earnings ratio of 43.83 and a beta of 1.91.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The business's revenue for the quarter was up 196 compared to the same quarter last year. On average, analysts anticipate that Micron Technology, Inc. will post 57.82 EPS for the current year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 dividend yield of 0.1%. Micron Technology's dividend payout ratio is presently 2.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Micron Technology from $425.00 to $840.00 and gave the stock a "buy" rating in a research report on Tuesday, May 19th. Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. Barclays lifted their price target on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Five equities research 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 MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $566.47.

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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