Mondrian Investment Partners LTD Sells 42,084 Shares of Micron Technology, Inc. $MU

Key Points

• Mondrian Investment Partners cut its Micron Technology stake by 82.1% in Q4, selling 42,084 shares and leaving it with 9,193 shares worth about $2.6 million.
• Wall Street sentiment remains bullish, with several analysts raising price targets and the stock carrying an average “Buy” rating and consensus target of $518.47.
• Micron continues to draw attention from institutions and insiders: institutions own 80.84% of the stock, while insiders have sold shares recently, including 106,000 shares over the last 90 days.

Mondrian Investment Partners LTD reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 82.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,193 shares of the semiconductor manufacturer's stock after selling 42,084 shares during the period. Mondrian Investment Partners LTD's holdings in Micron Technology were worth $2,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. High Note Wealth LLC increased its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 96 shares during the last quarter. Joseph Group Capital Management bought a new stake in shares of Micron Technology in the 4th quarter worth about $31,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of Micron Technology in the 4th quarter worth about $31,000. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. UBS Group boosted their target price on shares of Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Mizuho boosted their target price on shares of Micron Technology to $800.00 and gave the stock an "outperform" rating in a report on Tuesday, May 19th. DA Davidson assumed coverage on shares of Micron Technology in a report on Monday, May 11th. They issued a "buy" rating and a $1,000.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. 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, the stock presently has an average rating of "Buy" and a consensus target price of $518.47.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $751.00 on Friday. The company has a market capitalization of $846.93 billion, a price-to-earnings ratio of 35.46 and a beta of 1.91. Micron Technology, Inc. has a 12 month low of $90.93 and a 12 month high of $818.67. The firm's 50-day moving average is $512.03 and its 200 day moving average is $388.21. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is currently 2.83%.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction dated 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 directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is currently owned by company insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron began manufacturing advanced 1α DRAM at its Manassas, Virginia, fab, a milestone that expands U.S. memory output for AI, automotive, defense, aerospace and industrial customers. The move supports Micron’s long-term growth narrative and reinforces its position as the only U.S. manufacturer of memory chips. Article Title
• Positive Sentiment: Micron’s CEO highlighted the company’s major U.S. DRAM expansion and said the advanced memory technology is increasingly important for critical sectors, underscoring demand and strategic relevance. Article Title
• Positive Sentiment: Analyst and stock-picking coverage remained constructive, with Melius Research reportedly raising its price target to $1,100 and other commentators calling Micron a momentum leader and a key AI memory beneficiary. Article Title
• Neutral Sentiment: Several market articles continued to feature Micron as a prominent AI and memory-chip name, including momentum screens and long-term bull cases, which may support investor attention but do not change fundamentals on their own. Article Title
• Negative Sentiment: Some coverage noted recent volatility in memory-chip stocks and questioned how much upside is already priced in, which could temper enthusiasm after the run-up in the shares. Article Title

Micron Technology Company 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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