Peoples Bank OH Sells 4,148 Shares of Micron Technology, Inc. $MU

Key Points

• Peoples Bank OH cut its Micron stake by 63% in Q4, selling 4,148 shares and now holds 2,437 shares valued at about $696,000.
• Significant insider selling occurred recently: EVP Sumit Sadana sold 24,000 shares (~$10.11M) and EVP April S. Arnzen sold 40,000 shares (~$13.90M), with insiders selling 89,000 shares (~$34.76M) over the last 90 days.
• Micron shares have rallied amid AI-driven memory demand and supply tightening, prompting analyst price-target raises and a dividend increase to $0.15 quarterly, supporting a consensus "Buy" rating with an average target of $464.61.

Peoples Bank OH decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 63.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,437 shares of the semiconductor manufacturer's stock after selling 4,148 shares during the period. Peoples Bank OH's holdings in Micron Technology were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of Micron Technology during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC lifted its stake 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 buying an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake 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 buying an additional 96 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake 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 buying an additional 52 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Bull case: analysts and commentators point to an AI memory surge, improving pricing power and a lower relative valuation that make MU a standout amid accelerating demand and margins. Zacks: One AI Stock Outpacing NVIDIA & Palantir
• Positive Sentiment: Supply-side bullishness: reports that long-term contracts are tightening AI memory supply helped lift sentiment — a near-term catalyst for pricing and revenue visibility. Yahoo: Why Micron Is Up After AI Memory Supply Tightens
• Positive Sentiment: Sector momentum: the semiconductor ETF (SOXX) logged an extended winning streak, reinforcing risk-on flows into memory names including Micron. Benzinga: SOXX 17-Day Win Streak
• Positive Sentiment: Industry narratives: multiple pieces highlight Micron as an “AI bottleneck” beneficiary and a structural winner as HBM demand explodes, supporting longer-term revenue and margin upside. 247wallst: 2 'AI Bottleneck Stocks'
• Neutral Sentiment: Data anomaly: an April 24 short-interest entry shows 0 shares (likely a reporting glitch); treat that specific figure as unreliable until exchanges update filings. (Internal short-interest data)
• Neutral Sentiment: Some analysts/questions note the rally’s stretch and ask whether structural revaluation is fully priced — useful context for risk management even as fundamentals improve. Seeking Alpha: Rally Is Missing Bigger Shift
• Negative Sentiment: Rising short interest: as of April 15 short positions rose to ~36.3M shares (about 3.2% short; days-to-cover ~0.8), a ~15.9% increase from March — more shorting can add selling pressure or volatility if momentum stalls.
• Negative Sentiment: Competitor surprise: SK Hynix reported a very strong quarter, and at one point Micron didn’t capture the same early-day lift — competitor results can create intra-sector rotation and short-term volatility for MU. Yahoo: SK Hynix Posts 400% Profit Rise

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 89,000 shares of company stock worth $34,755,250. Insiders own 0.24% of the company's stock.

Micron Technology Stock Up 3.1%

Shares of MU stock opened at $496.72 on Friday. The stock has a market cap of $560.17 billion, a P/E ratio of 23.45 and a beta of 1.60. Micron Technology, Inc. has a 52 week low of $73.50 and a 52 week high of $506.99. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $413.83 and its two-hundred day simple moving average is $327.37.

Micron Technology Increases Dividend

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

Wall Street Analyst Weigh In

MU has been the topic of a number of analyst reports. Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. KeyCorp lifted their target price on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Sanford C. Bernstein lifted their target price on shares of Micron Technology from $330.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, March 18th. Needham & Company LLC lifted their target price on shares of Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company lifted their target price on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average price target of $464.61.

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.

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