SeaBridge Investment Advisors LLC Buys 13,178 Shares of Micron Technology, Inc. $MU

Key Points

• SeaBridge Investment Advisors increased its Micron stake by 462.4% in Q4, adding 13,178 shares to hold 16,028 shares worth about $4.58 million at quarter end.
• Brokerages and analysts have turned bullish—several firms raised price targets (JPMorgan and Deutsche to $550, Mizuho to $530, etc.), MarketBeat's consensus is a Buy with a $464.61 average target, backed by AI memory (HBM/DRAM) optimism and large institutional inflows.
• Notable insider selling has occurred recently (EVP Sumit Sadana sold 24,000 shares and EVP April Arnzen sold 40,000), with insiders offloading 115,623 shares (~$45.2M) in the last 90 days, even as Micron raised its quarterly dividend from $0.12 to $0.15.

SeaBridge Investment Advisors LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 462.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,028 shares of the semiconductor manufacturer's stock after acquiring an additional 13,178 shares during the period. SeaBridge Investment Advisors LLC's holdings in Micron Technology were worth $4,575,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MU. REAP Financial Group LLC acquired a new stake in Micron Technology in the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology in the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC lifted its stake in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 96 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 88 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Lynx Equity sharply raised its Micron price target (from $700 to $825), citing extended capacity sellouts and better revenue visibility — a direct bullish catalyst for flows and momentum. Lynx Equity Raises Micron (MU) PT, Suggests Aggressive Buying
• Positive Sentiment: Analysts across the street are raising revenue and free‑cash‑flow estimates, lifting consensus targets and reinforcing the bullish narrative into earnings season. Analysts Hike Their Micron Estimates
• Positive Sentiment: Independent research (Counterpoint) and market pieces highlight Micron turning memory into a core AI performance driver (HBM/DRAM), supporting higher margins and strategic positioning in AI infrastructure. Micron Pushing Performance Across AI Stack
• Positive Sentiment: Large institutional inflows (notably new positions and sizable increases by funds) and a modest dividend increase reinforce buy interest from long‑term holders. Insider/Institutional Filings
• Neutral Sentiment: New DRAM‑focused ETFs could channel additional sector flows into Micron (benefit) but also concentrate exposure. New DRAM ETF
• Neutral Sentiment: Short machine‑learning price forecasts and trend pieces increase retail attention but add little new fundamental information — watch earnings/capacity data instead. ML Price Prediction
• Negative Sentiment: Insider selling: EVP Sumit Sadana sold 24,000 shares (~$10.1M) in early April — a notable reduction in an executive holding that may prompt short‑term investor caution. EVP Sells $10,112,400 in Stock
• Negative Sentiment: Valuation and momentum risks: several commentary pieces argue the recent run already prices in significant optimism and caution fresh buyers; cyclical demand sensitivity (retail margins, macro) remains a tail risk. Valuation Caution

Analyst Ratings Changes

Several brokerages have issued reports on MU. Mizuho raised their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Morgan Stanley raised their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Piper Sandler raised their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. 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 MarketBeat, Micron Technology has an average rating of "Buy" and a consensus price target of $464.61.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the company's 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 in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president directly owned 125,737 shares in the company, 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. Over the last ninety days, insiders sold 115,623 shares of company stock worth $45,165,908. Corporate insiders own 0.24% of the company's stock.

Micron Technology Stock Up 9.2%

NASDAQ MU opened at $465.66 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 1-year low of $65.64 and a 1-year high of $471.34. The company has a 50 day moving average of $402.18 and a 200-day moving average of $313.28. The company has a market cap of $525.14 billion, a price-to-earnings ratio of 21.99 and a beta of 1.60.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a $0.15 dividend. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 2.83%.

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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