Savant Capital LLC Sells 10,790 Shares of Micron Technology, Inc. $MU

Key Points

• Savant Capital LLC reduced its Micron Technology stake by 35.2% in the fourth quarter, selling 10,790 shares and ending with 19,820 shares valued at about $5.66 million.
• Micron reported a strong quarter, with EPS of $12.20 beating estimates and revenue of $23.86 billion topping expectations, driven by sharply higher year-over-year sales.
• Analyst sentiment remains very bullish, with multiple firms raising price targets and Micron’s overall rating standing at Buy, while the company also boosted its quarterly dividend from $0.12 to $0.15 per share.

Savant Capital LLC lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 35.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,820 shares of the semiconductor manufacturer's stock after selling 10,790 shares during the quarter. Savant Capital LLC's holdings in Micron Technology were worth $5,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in Micron Technology during the 3rd quarter valued at approximately $25,000. High Note Wealth LLC grew its holdings in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. increased its position 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 during the last quarter. Finally, GHP Investment Advisors Inc. increased its position 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 during the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock 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 twelve month low of $92.22 and a twelve month high of $981.00. 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 stock has a fifty day simple moving average of $557.48 and a 200-day simple moving average of $411.31.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts' consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business's revenue for the quarter was up 196 on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. Analysts anticipate that Micron Technology, Inc. will post 58.62 EPS for the current year.

Micron Technology Increases Dividend

The company also recently announced 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 is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is presently 2.83%.

Micron Technology News Roundup

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America increased their price target on Micron Technology from $400.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Melius Research assumed coverage on Micron Technology in a report on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. UBS Group increased their price target on Micron Technology from $535.00 to $1,625.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Wedbush increased their price target on Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Finally, Citigroup increased their price target on Micron Technology from $425.00 to $840.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $595.63.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares of the company's stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 106,000 shares of company stock valued at $47,032,460. Company insiders own 0.24% of the company's stock.

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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