Northwestern Mutual Wealth Management Co. Buys 14,553 Shares of Micron Technology, Inc. $MU

Key Points

• Northwestern Mutual Wealth Management Co. increased its Micron Technology stake by 10.1% in the fourth quarter, buying 14,553 more shares and bringing its total holdings to 158,906 shares worth about $45.4 million.
• Micron has seen broad institutional buying, with large firms like Vanguard, State Street, and others also adding shares, while institutions still own 80.84% of the company.
• The company continues to attract bullish attention from analysts and investors, with multiple price target increases tied to strong AI memory demand, even as insider selling and competitive concerns remain part of the backdrop.

Northwestern Mutual Wealth Management Co. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 158,906 shares of the semiconductor manufacturer's stock after purchasing an additional 14,553 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Micron Technology were worth $45,353,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. State Street Corp grew its holdings in Micron Technology by 0.6% during the third 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 grew its holdings in Micron Technology by 0.7% during the third 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. boosted its stake in shares of Micron Technology by 8.0% in the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock worth $1,609,981,000 after acquiring an additional 708,716 shares during the period. Finally, Legal & General Group Plc boosted 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 worth $1,217,394,000 after acquiring an additional 135,850 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, 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.

Micron Technology Stock Performance

NASDAQ:MU opened at $970.47 on Friday. 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 $92.22 and a 1 year high of $981.00. The stock's 50 day simple moving average is $557.48 and its two-hundred day simple moving average is $411.31. 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 (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The company's revenue was up 196 compared to the same quarter last year. As a group, equities analysts anticipate that Micron Technology, Inc. will post 58.62 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis 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 currently 2.83%.

Key Micron Technology News

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MU shares. Morgan Stanley upped their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. Needham & Company LLC upped their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. UBS Group upped their price objective on Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Wedbush upped their price objective on Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. Finally, Citigroup upped their price objective on Micron Technology from $425.00 to $840.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has a consensus rating of "Buy" and an average target price of $595.63.

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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