Micron Technology, Inc. $MU Stake Reduced by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC cut its stake in Micron by 42.6% in the fourth quarter, ending the period with 3,135 shares valued at about $895,000.
• Institutional ownership is very high at 80.84%; Vanguard alone now holds roughly 106.6 million shares (~$30.4 billion) after adding nearly 2 million shares in the quarter.
• Insiders sold a net 89,000 shares worth about $34.8 million last quarter (including EVP sales), while Wall Street has pushed bullish price targets (Barclays $675, several firms near $600–$700) and the stock has gained—opening at $524.56, up about 5.6%.

Samalin Investment Counsel LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,135 shares of the semiconductor manufacturer's stock after selling 2,326 shares during the period. Samalin Investment Counsel LLC's holdings in Micron Technology were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MU. Vanguard Group Inc. increased its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. State Street Corp boosted its stake in Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock valued at $8,643,613,000 after purchasing an additional 285,582 shares during the period. Capital International Investors boosted its stake in Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the period. Invesco Ltd. grew its position in Micron Technology by 8.0% in the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock worth $1,609,981,000 after purchasing an additional 708,716 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Micron Technology by 1.9% in the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock valued at $1,217,394,000 after purchasing an additional 135,850 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 firm's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction 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. This trade represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 89,000 shares of company stock worth $34,755,250. 0.24% of the stock is owned by company insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Major analyst price-target pushes and new coverage lift upside expectations: multiple firms (including Melius Research and Cantor Fitzgerald) have published $700 targets and fresh buy ratings, giving investors a clear near‑term upside narrative. Analyst Price Targets
• Positive Sentiment: Analysts and industry reports cite durable, multi‑year memory demand from AI and hyperscalers — a structural tailwind that supports higher revenue, pricing power and margin expansion for Micron. Demand Outlook
• Positive Sentiment: Bullish investment theses argue Micron is undervalued vs. its AI‑driven earnings trajectory, citing accelerating free cash flow to fund R&D and capacity advantages that could sustain another leg higher. Bull Thesis
• Neutral Sentiment: Options and momentum flows show heavy bullish positioning (unusually large MU option trades), which can amplify moves but also increases short‑term volatility if sentiment shifts. Options Activity
• Neutral Sentiment: High public visibility: media coverage and even a disclosed small purchase by Senator Fetterman have added attention; this raises liquidity and retail interest but doesn't change fundamentals. Insider Disclosure
• Negative Sentiment: Execution and cycle risk remain: at least one piece warns that forecasts and supply dynamics could flip, and capacity/fulfillment issues or a decelerating AI spend cadence would pressure the rally. Investors should watch inventory, gross‑margin trends and Micron’s ability to ramp supply without eroding pricing. Risk Note

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They set an "outperform" rating for the company. Barclays lifted 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. Morgan Stanley upped their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Wells Fargo & Company increased their target price on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Finally, KeyCorp raised their target price on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $472.72.

Micron Technology Stock Up 5.6%

MU opened at $524.56 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market capitalization of $591.56 billion, a PE ratio of 24.77 and a beta of 1.60. The stock's fifty day moving average is $416.09 and its 200-day moving average is $331.63. Micron Technology, Inc. has a one year low of $73.50 and a one year high of $531.36.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio (DPR) is presently 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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