Stevens Capital Management LP Cuts Position in Micron Technology, Inc. $MU

Stevens Capital Management LP lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 91.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,222 shares of the semiconductor manufacturer's stock after selling 45,565 shares during the quarter. Stevens Capital Management LP's holdings in Micron Technology were worth $1,205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. iA Global Asset Management Inc. lifted its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after acquiring an additional 23,117 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after purchasing an additional 8,489 shares in the last quarter. Generation Capital Management LLC acquired a new stake in Micron Technology in the 3rd quarter valued at $238,000. Westpac Banking Corp raised its position in Micron Technology by 251.0% in the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares during the period. Finally, Avanda Investment Management Pte. Ltd. acquired a new position in shares of Micron Technology during the third quarter worth about $418,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $640.10 on Wednesday. The business's 50 day moving average is $426.37 and its two-hundred day moving average is $341.68. Micron Technology, Inc. has a 52-week low of $78.54 and a 52-week high of $651.74. The firm has a market cap of $721.86 billion, a price-to-earnings ratio of 30.22 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the 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 transaction, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 424,503 shares of the company's stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 104,000 shares of company stock worth $45,458,400 in the last ninety days. 0.24% of the stock is owned by insiders.

Micron Technology News Summary

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

• Positive Sentiment: Micron began shipping the industry‑leading 245TB Micron 6600 ION data‑center SSD, a tangible product milestone that supports higher data‑center/AI storage revenue potential. Read More.
• Positive Sentiment: Tight DRAM/NAND/HBM supply and recent price increases are boosting gross margins and cash‑flow expectations, underpinning bullish earnings revisions. Read More.
• Positive Sentiment: Analyst upgrades and sector momentum have driven MU past major milestones (including a >$700B market cap), attracting more institutional and retail attention. Read More.
• Positive Sentiment: Broader chip market strength — spurred by strong AMD/Intel results and chip earnings momentum — is lifting Micron alongside peers. Read More.
• Neutral Sentiment: Unusual options activity (large put trades) is being interpreted by some traders as a bullish speculative signal, but it also indicates elevated positioning and shorter‑term risk. Read More.
• Neutral Sentiment: Heavy social/media chatter about breaking $600 and sold‑out HBM capacity is amplifying momentum but can increase volatility. Read More.
• Neutral Sentiment: Large institutional rebalancings (big additions and reductions across funds) show mixed positioning — supports liquidity but makes the stock sensitive to flow changes. Read More.
• Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline that can trigger short‑term selling despite his remaining large stake. Read More.
• Negative Sentiment: Multiple analysts warn MU looks overbought (RSI readings and rapid gains), recommending profit‑taking or position trimming — raising pullback risk after the parabolic run. Read More.
• Negative Sentiment: Longer‑term risks flagged by bearish commentators include potential re‑balancing of supply/demand, manufacturing constraints that limit near‑term revenue conversion, and concentration of AI demand. Read More.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MU shares. Stifel Nicolaus upped their target price on Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Wells Fargo & Company raised their target price on Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Citigroup reduced their price target on Micron Technology from $510.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, March 31st. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $450.00 to $700.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Finally, Piper Sandler lifted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and an average target price of $478.24.

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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