M&T Bank Corp Sells 37,092 Shares of Micron Technology, Inc. $MU

Key Points

• M&T Bank trimmed its Micron stake by 87.6%, selling 37,092 shares in Q4 and leaving 5,271 shares valued at about $1.504 million, while institutional investors own roughly 80.84% of the stock.
• Significant insider selling has occurred recently — EVP Sumit Sadana sold 25,000 shares and EVP April Arnzen sold 40,000 shares, and insiders have disposed of 89,000 shares (~$34.8M) in the past 90 days, a potential cautionary sign for some investors.
• Analyst and market sentiment is largely bullish on AI-driven memory demand, highlighted by high targets like DA Davidson $1,000 and TD Cowen $660; Micron trades near $518 with a market cap around $585 billion and recently raised its quarterly dividend to $0.15.

M&T Bank Corp lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 87.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,271 shares of the semiconductor manufacturer's stock after selling 37,092 shares during the quarter. M&T Bank Corp's holdings in Micron Technology were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Sector tailwind — upbeat results and guidance from Seagate and other storage names have bolstered confidence that enterprise AI capex will sustain DRAM and NAND demand, lifting Micron shares. Micron stock jumps 5% as AI boom fuels memory demand optimism
• Positive Sentiment: Major bullish analyst moves — DA Davidson initiated coverage with a Buy and a very aggressive $1,000 price target, and TD Cowen raised its target to $660, providing fresh upside narratives and helping push sentiment higher. DA Davidson Initiates Micron at Buy With a $1,000 Price Target
• Positive Sentiment: Analyst estimate upgrades — Erste Group bumped FY2026/27 EPS forecasts, and multiple firms have lifted price targets recently, reinforcing the narrative of durable multi-year demand for memory. (Analyst/estimate summaries from MarketBeat/aggregate coverage.)
• Neutral Sentiment: Investor events — Micron management will present at the J.P. Morgan Global TMT Conference on May 20; investors will watch for commentary on product mix, HBM/NAND supply and capex plans. Micron Announces Participation in Investor Event
• Neutral Sentiment: Options and flows — Unusually heavy MU options activity and continued institutional repositioning are amplifying intraday moves; this can magnify rallies or pullbacks. Micron Stock Keeps Soaring, as Investors Make Unusually Heavy MU Option Trades
• Negative Sentiment: Insider selling and mixed insider activity — public filings and data dashboards show numerous insider sales over recent months (with a few purchases), which some investors view as a cautionary signal. Micron Technology Stock (MU) Opinions on HBM Sellout and Price Milestone
• Negative Sentiment: AI-capex risk — reports that OpenAI missed internal user/revenue goals have highlighted the risk that AI spending could slow, which would negatively affect memory demand and make valuations more vulnerable. Is the AI CapEx Trade Cracking?

Insider Activity

In other news, EVP Sumit Sadana sold 25,000 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 89,000 shares of company stock worth $34,755,250. Insiders own 0.24% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $518.46 on Thursday. Micron Technology, Inc. has a 1 year low of $73.50 and a 1 year high of $531.36. The firm's fifty day simple moving average is $420.13 and its 200 day simple moving average is $335.19. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $584.68 billion, a PE ratio of 24.48 and a beta of 1.60.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend 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 presently 2.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MU shares. Phillip Securities upgraded shares of Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Piper Sandler raised their target price on shares of Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Erste Group Bank lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Royal Bank Of Canada raised their target price on shares of Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a research note on Monday, March 16th. Finally, Cantor Fitzgerald raised their target price on shares of Micron Technology from $450.00 to $700.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology has an average rating of "Buy" and a consensus price target of $495.63.

About Micron Technology

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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