Micron Technology, Inc. $MU Shares Sold by NFJ Investment Group LLC

Key Points

• NFJ Investment Group LLC reduced its Micron Technology stake by 38.8% in the fourth quarter, selling 3,312 shares and leaving it with 5,229 shares worth about $1.49 million.
• Wall Street remains bullish on Micron, with multiple analysts sharply raising price targets; the stock now has an average Buy rating and an average target price of $737.63.
• Micron’s latest earnings showed strong momentum, with EPS of $12.20 and revenue of $23.86 billion, both well above estimates, while AI-driven memory demand continues to support the company’s outlook.

NFJ Investment Group LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 38.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,229 shares of the semiconductor manufacturer's stock after selling 3,312 shares during the period. NFJ Investment Group LLC's holdings in Micron Technology were worth $1,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. High Note Wealth LLC lifted its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Elevation Wealth Partners LLC lifted its position 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. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in Micron Technology during the 4th quarter worth approximately $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MU has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Micron Technology from $550.00 to $1,220.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Susquehanna boosted their price target on Micron Technology from $600.00 to $1,750.00 and gave the stock a "positive" rating in a research report on Friday, May 29th. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. The Goldman Sachs Group upped their target price on Micron Technology from $400.00 to $900.00 and gave the company a "neutral" rating in a research report on Wednesday, June 10th. Finally, KeyCorp upped their target price on Micron Technology from $450.00 to $600.00 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 given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology has an average rating of "Buy" and an average target price of $737.63.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Micron Technology Price Performance

Shares of MU opened at $981.61 on Monday. The company has a market cap of $1.11 trillion, a P/E ratio of 46.35 and a beta of 2.15. The stock has a fifty day moving average price of $677.58 and a 200 day moving average price of $465.20. 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, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 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 return on equity of 41.16% and a net margin of 41.49%.The firm's revenue was up 196 on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio (DPR) is currently 2.83%.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last 90 days. Corporate insiders own 0.24% of the company's stock.

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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