Strategic Family Wealth Counselors L.L.C. Makes New $811,000 Investment in Micron Technology, Inc. $MU

Key Points

• Strategic Family Wealth Counselors L.L.C. opened a new position in Micron Technology in the fourth quarter, buying 2,842 shares worth about $811,000.
• Other institutional investors also increased their Micron holdings, and institutions now own 80.84% of the company’s shares, underscoring broad professional interest in MU.
• Micron continues to benefit from AI-driven demand for HBM, DRAM and data-center memory, while analysts remain bullish overall with an average rating of “Buy” and a mean price target of $495.63.

Strategic Family Wealth Counselors L.L.C. acquired a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,842 shares of the semiconductor manufacturer's stock, valued at approximately $811,000.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in Micron Technology in the third quarter worth $25,000. Elevation Wealth Partners LLC raised its holdings in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in Micron Technology in the fourth quarter worth $31,000. Institutional investors own 80.84% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analysts and market commentators say Micron is benefiting from surging demand for HBM, DRAM and AI infrastructure memory, with supply still tight. BofA Sees More Room for Micron's AI Rally
• Positive Sentiment: Micron is being highlighted as a direct AI winner, with articles arguing the company is still early in the AI cycle rather than near the top of it. Why Daniel Newman Thinks Micron Technology Proves We Are Still In AI 'Parking Lot'— It Is 'Not Late' To Get In
• Positive Sentiment: Fresh product momentum also supports the bull case, including sampling of a faster 256GB DDR5 server module for AI and data-center workloads. Micron Redefines AI Performance With Sampling of 256GB DDR5 Server Module
• Neutral Sentiment: Some investors are also watching Micron’s sharp run and warning that the stock may be extended after a huge rally, which could mean near-term volatility even if the long-term story remains strong. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Negative Sentiment: A broader chip-sector pullback and profit-taking briefly weighed on MU earlier in the week as traders worried the memory-supercycle trade had run too far, too fast. Why Sandisk, Micron stock are plunging upto 9% on Tuesday

Wall Street Analyst Weigh In

MU has been the subject of several analyst reports. William Blair initiated coverage on Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating for the company. HSBC raised their price target on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Melius Research initiated coverage on Micron Technology in a report on Monday, April 27th. They set a "buy" rating and a $700.00 price target for the company. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their price target on Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Five investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $495.63.

Micron Technology Price Performance

NASDAQ MU opened at $803.63 on Thursday. Micron Technology, Inc. has a one year low of $90.93 and a one year high of $818.67. The stock has a 50-day moving average of $464.69 and a 200 day moving average of $364.25. The company has a market capitalization of $906.28 billion, a price-to-earnings ratio of 37.94 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued 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 dividend yield of 0.1%. Micron Technology's dividend payout ratio is presently 2.83%.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 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, CEO Sanjay Mehrotra sold 40,000 shares of the 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 transaction, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 106,000 shares of company stock valued at $47,032,460 over the last ninety days. Company insiders own 0.24% of the company's stock.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.