Micron Technology, Inc. $MU Shares Sold by Quilter Plc

Key Points

• Quilter Plc trimmed its Micron stake by 19.4%, selling 24,970 shares and leaving it with 103,530 shares valued at about $29.55 million at quarter-end.
• Micron raised its quarterly dividend to $0.15 (annualized $0.60, yield ~0.2%), with an ex-dividend date of March 30 and payment on April 15.
• Market sentiment is mixed: Micron is ramping production for NVIDIA’s next‑gen systems and several analysts have lifted targets (consensus "Buy," average target ~$463.71), but Citi’s price‑target cut and some downgrades have pressured the stock.

Quilter Plc lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,530 shares of the semiconductor manufacturer's stock after selling 24,970 shares during the quarter. Quilter Plc's holdings in Micron Technology were worth $29,548,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MU. Omnia Family Wealth LLC increased its holdings in shares of Micron Technology by 2.1% in the fourth quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer's stock valued at $418,000 after purchasing an additional 30 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of Micron Technology by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer's stock worth $476,000 after purchasing an additional 34 shares during the period. 1900 Wealth Management LLC grew its position in Micron Technology by 2.1% in the 4th quarter. 1900 Wealth Management LLC now owns 1,698 shares of the semiconductor manufacturer's stock valued at $485,000 after buying an additional 35 shares during the last quarter. Rialto Wealth Management LLC grew its position in Micron Technology by 3.5% in the 4th quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer's stock valued at $303,000 after buying an additional 36 shares during the last quarter. Finally, Montecito Bank & Trust increased its stake in Micron Technology by 0.7% in the 4th quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer's stock valued at $1,566,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $366.24 on Monday. The company has a 50-day simple moving average of $403.11 and a 200-day simple moving average of $300.90. 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 company has a market capitalization of $413.02 billion, a PE ratio of 17.29 and a beta of 1.60. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $471.34.

Micron Technology Increases Dividend

The business 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 represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology's dividend payout ratio is 2.83%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron is ramping production to supply NVIDIA’s next‑gen Vera Rubin systems, directly tying MU to near‑term AI server demand and potential revenue upside. Micron Technology (MU) Ramping Up Production For NVDA’s Next-Gen Vera Rubin Systems
• Positive Sentiment: Rosenblatt and other analysts remain bullish (consensus price targets materially above current levels), supporting upside expectations if AI demand sustains. Rosenblatt Bullish on Micron Technology (MU) Amid Strong Revenue Growth
• Positive Sentiment: Market commentators and some strategists are pitching MU as a “buy the pullback” AI‑storage play, arguing the recent drop is fear‑driven rather than fundamentals‑driven. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Top analysts have highlighted multi‑year AI upside for MU, and high‑profile investors adding exposure has supported confidence in the sector’s growth runway. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Neutral Sentiment: Longer‑term speculative pieces debate whether MU can reach trillion‑dollar scale by 2030; useful for context but not immediate catalysts. Will Micron Be a Trillion-Dollar Company By 2030?
• Neutral Sentiment: Valuation narratives: some bullish pieces call MU “cheap” on multiples but warn the company must prove structural tailwinds vs. cyclical memory cycles. Prediction: This Memory Supercycle Growth Stock Could 3X by 2030
• Negative Sentiment: Citi cut its price target citing DDR5 DRAM softness and risk from Google’s TurboQuant memory‑compression tech; that note triggered a notable pullback. Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right
• Negative Sentiment: Coverage changes: Erste downgraded MU from buy to hold, adding near‑term analyst caution that can weigh on sentiment. Finviz
• Negative Sentiment: Tech‑sector headwinds (e.g., commodity/oil moves and broader market rotations) have pressured chip names, creating volatility risk for MU despite solid fundamentals. Oil Surge Shakes Markets As Tech Slips

Insider Activity at Micron Technology

In other news, Director Teyin M. Liu acquired 7,820 shares of the company's stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average cost of $337.50 per share, with a total value of $2,639,250.00. Following the purchase, the director directly owned 25,910 shares of the company's stock, valued at approximately $8,744,625. This trade represents a 43.23% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the company's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer directly owned 38,237 shares in the company, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 93,623 shares worth $35,728,508. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 18th. Summit Insights lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Wolfe Research increased their price target on shares of Micron Technology from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Royal Bank Of Canada raised their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a research report on Monday, March 16th. Finally, Itau BBA Securities reaffirmed an "outperform" rating on shares of Micron Technology in a report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $463.71.

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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