MUFG Securities EMEA plc Increases Stake in Micron Technology, Inc. $MU

Key Points

• MUFG Securities EMEA plc more than doubled its Micron stake in Q4, buying an additional 411,095 shares and bringing its total to 803,016 shares worth about $229.2 million. Micron is now its 6th-largest holding and makes up 2.7% of the portfolio.
• Wall Street sentiment remains broadly bullish, with multiple analysts raising price targets and maintaining Buy ratings. MarketBeat data shows an average rating of “Buy” and an average price target of $595.63.
• Micron has also been in focus for strong earnings and AI-driven demand, having recently posted quarterly EPS and revenue above estimates and reported record margins. At the same time, the stock has seen insider selling and some cautionary analyst commentary about valuation and competition.

MUFG Securities EMEA plc boosted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 104.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 803,016 shares of the semiconductor manufacturer's stock after acquiring an additional 411,095 shares during the period. Micron Technology accounts for 2.7% of MUFG Securities EMEA plc's investment portfolio, making the stock its 6th largest holding. MUFG Securities EMEA plc owned about 0.07% of Micron Technology worth $229,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. High Note Wealth LLC boosted its holdings in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 96 shares during the last quarter. Joseph Group Capital Management bought a new stake in Micron Technology in the fourth quarter valued at approximately $31,000. Finally, Luken Investment Analytics LLC acquired a new position in Micron Technology in the fourth quarter valued at approximately $31,000. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MU has been the topic of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $500.00 price target on shares of Micron Technology in a research note on Monday, March 16th. Summit Insights lowered Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Citigroup boosted their price target on Micron Technology from $425.00 to $840.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Bank of America boosted their price target on Micron Technology from $400.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Finally, Morgan Stanley boosted their price target on Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, February 11th. Five research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $595.63.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 106,000 shares of company stock worth $47,032,460. Insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Micron Technology Trading Up 5.1%

NASDAQ MU opened at $970.47 on Friday. The company has a market cap of $1.09 trillion, a price-to-earnings ratio of 45.82 and a beta of 1.91. Micron Technology, Inc. has a 52 week low of $92.22 and a 52 week high of $981.00. The business has a 50 day moving average price of $557.48 and a 200-day moving average price of $411.31. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company's quarterly revenue was up 196 on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. As a group, equities analysts expect that Micron Technology, Inc. will post 58.62 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company 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 is a positive change from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.