Morse Asset Management Inc Increases Stake in Micron Technology, Inc. $MU

Key Points

• Morse Asset Management increased its stake in Micron by 7.7% in Q4 to 32,949 shares (worth $9.4M), while institutional investors now own about 80.84% of the company's stock.
• Micron shares have rallied (opened at $576.45, up 6.3%) on strong AI-driven demand and bullish analyst coverage — several firms raised targets (HSBC $500, Melius $700) and the consensus rating is Buy with an average target of $478.24.
• Micron raised its quarterly dividend to $0.15 (from $0.12), annualized $0.60 with a ~0.1% yield, even as insiders (EVPs April Arnzen and Sumit Sadana) completed sizeable share sales in recent weeks.

Morse Asset Management Inc raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,949 shares of the semiconductor manufacturer's stock after buying an additional 2,357 shares during the quarter. Micron Technology comprises 1.9% of Morse Asset Management Inc's portfolio, making the stock its 11th largest holding. Morse Asset Management Inc's holdings in Micron Technology were worth $9,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MU. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after buying an additional 628 shares in the last quarter. United Bank purchased a new position in Micron Technology during the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. grew its holdings in Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after buying an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock valued at $49,987,000 after buying an additional 21,619 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 6.3%

Shares of MU opened at $576.45 on Tuesday. The firm has a market cap of $650.08 billion, a P/E ratio of 27.22 and a beta of 1.91. The stock has a 50 day simple moving average of $422.13 and a two-hundred day simple moving average of $338.52. 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 1 year low of $78.54 and a 1 year high of $592.80.

Micron Technology Increases Dividend

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

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 owned 125,737 shares of the company's stock, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is owned by corporate insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Investor optimism around AI-driven chip demand pushed MU to a new all‑time high as hyperscaler appetite for HBM4 and other memory products fuels near-term revenue visibility. Micron Technology (MU) Hits All-Time High on Chip Demand
• Positive Sentiment: Analysis arguing for a multi‑year structural supply deficit in DRAM/HBM through 2027 supports pricing power and the bull case for sustained margin expansion. Micron's 50% Rally: Just A Prelude To The Structural Deficit
• Positive Sentiment: New and expanded sell‑side coverage has lifted sentiment — Melius Research initiated coverage with a Buy and $700 target, while other shops raised price targets (one report cited a $1,000 target), adding momentum. Melius Research Begins Coverage of Micron
• Positive Sentiment: Fundamentals: commentary and screeners highlight Micron’s improved profitability (high net margins) and large share gains, which make it attractive in a market rotating into earnings‑driven names. Up More Than 500% and Still Profitable
• Neutral Sentiment: Widespread media coverage and machine‑learning price forecasts are amplifying retail and algorithmic interest, but these are speculative signals rather than new fundamental drivers. Machine learning algorithm predicts Micron stock price
• Neutral Sentiment: Multiple outlets are running bullish explainers and momentum pieces that can sustain flows, but they also make price action more narrative‑driven than fundamentals‑driven in the very short term. What's Going On With Micron Technology Stock Monday?
• Negative Sentiment: Risk: steep YTD gains and sectorwide rallies raise “froth” concerns; some commentators ask whether chip stocks have run too far too fast, increasing the risk of a sharp pullback on sentiment shifts. Chip Stocks Soared 70%+ in April. Have They Gone Too Far?
• Negative Sentiment: Some analysts argue other players could outperform Micron in specific AI semiconductor niches; divergent views on the long‑run winner in AI hardware add competitive risk. Prediction: This Will Be the Top-Performing AI Semiconductor Stock

Analysts Set New Price Targets

A number of research firms have weighed in on MU. HSBC lifted their target price on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Morgan Stanley lifted their target price on Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Melius Research began coverage on Micron Technology in a report on Monday, April 27th. They set a "buy" rating and a $700.00 target price for the company. Sanford C. Bernstein lifted their target price on Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, March 18th. Finally, William Blair started coverage on Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating for the company. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology has an average rating of "Buy" and a consensus price target of $478.24.

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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