Pinnacle Wealth Management Advisory Group LLC Acquires 2,766 Shares of Micron Technology, Inc. $MU

Key Points

• Pinnacle Wealth Management Advisory Group LLC boosted its stake in Micron Technology (MU) by 46.7%, purchasing 2,766 shares to own 8,692 shares worth about $2.48 million at the end of the quarter.
• Wall Street sentiment is bullish: several analysts have raised price targets (e.g., TD Cowen to $660, Deutsche Bank to $550), with the consensus rating an average of Buy and an average price target of $478.24.
• Meanwhile, insiders have been selling sizable positions—EVP April Arnzen sold 40,000 shares (~$13.9M) and EVP Sumit Sadana sold 24,000 shares (~$10.1M)—leaving insiders with roughly 0.24% ownership.

Pinnacle Wealth Management Advisory Group LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 46.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,692 shares of the semiconductor manufacturer's stock after purchasing an additional 2,766 shares during the period. Pinnacle Wealth Management Advisory Group LLC's holdings in Micron Technology were worth $2,481,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FWG Holdings LLC increased its position in Micron Technology by 35.8% in the fourth quarter. FWG Holdings LLC now owns 4,624 shares of the semiconductor manufacturer's stock worth $1,320,000 after purchasing an additional 1,218 shares during the last quarter. Truist Financial Corp increased its position in Micron Technology by 12.6% in the fourth quarter. Truist Financial Corp now owns 147,588 shares of the semiconductor manufacturer's stock worth $42,123,000 after purchasing an additional 16,466 shares during the last quarter. Peregrine Asset Advisers Inc. increased its position in Micron Technology by 18.5% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,346 shares of the semiconductor manufacturer's stock worth $670,000 after purchasing an additional 366 shares during the last quarter. KPP Advisory Services LLC increased its position in Micron Technology by 23.8% in the fourth quarter. KPP Advisory Services LLC now owns 3,674 shares of the semiconductor manufacturer's stock worth $1,049,000 after purchasing an additional 707 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in Micron Technology by 23.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,662 shares of the semiconductor manufacturer's stock worth $760,000 after purchasing an additional 497 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MU shares. TD Cowen boosted their price target on shares of Micron Technology from $550.00 to $660.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Wedbush boosted their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Susquehanna boosted their price target on shares of Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a research report on Monday, March 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the stock a "neutral" rating in a research note on Thursday, March 19th. Five 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $478.24.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were 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 directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is owned by insiders.

Micron Technology Price Performance

NASDAQ MU opened at $542.21 on Monday. 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 has a fifty day moving average of $422.13 and a two-hundred day moving average of $338.52. The firm has a market capitalization of $611.47 billion, a price-to-earnings ratio of 25.60 and a beta of 1.91. Micron Technology, Inc. has a 52 week low of $78.54 and a 52 week high of $545.91.

Micron Technology Increases Dividend

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

Key Micron Technology News

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

• Positive Sentiment: Big cloud and AI customers (Meta, Microsoft, Amazon) signaled rising memory prices and bigger AI capex — a direct revenue and pricing tailwind for Micron’s memory business. Why Is Micron Technology Stock Up On Friday?
• Positive Sentiment: Top‑end memory (HBM) demand tied to agentic AI and inference workloads is intensifying; industry writeups highlight structural need for faster, larger memory — a long‑term market opportunity for Micron’s HBM products. The AI Gold Rush Just Hit a New Layer: Here’s Why Sandisk Is Printing Money
• Positive Sentiment: Analyst bullishness is rising — multiple outlets report steep price targets (notably DA Davidson’s $1,000 call) and broader Wall Street upgrades, which support momentum and investor conviction. Micron (MU) Stock Soars as DA Davidson Sets Bold $1,000 Target Amid AI Memory Boom
• Positive Sentiment: Earnings/outlook commentary and inclusion on screens highlighting earnings growth (Zacks, other coverage) reinforce the case that fundamentals and price momentum are aligned. Earnings Growth & Price Strength Make Micron (MU) a Stock to Watch
• Neutral Sentiment: New analyst coverage at smaller shops (Melius) and sector reports (Rambus piece on memory/IP/product shifts) add context but are secondary to large‑customer demand signals. Micron Technology NASDAQ: MU Research Coverage Started at Melius Research
• Negative Sentiment: Valuation and momentum risk: several articles warn the stock has run up quickly and may be pricing in a substantial “memory supercycle,” raising pullback risk and making timing and valuation important considerations. A Look At Micron Technology (MU) Valuation After Its Recent Share Price Surge
• Negative Sentiment: Market volatility warnings: analysts and commentators note that semiconductor rallies can reverse sharply, so short‑term traders face elevated risk despite strong headlines. The Semiconductor Pop Was Violent — the Pullback Could Be Too

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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