Transatlantique Private Wealth LLC Makes New Investment in Micron Technology, Inc. $MU

Key Points

• Transatlantique Private Wealth LLC opened a new position in Micron Technology during the fourth quarter, buying 4,133 shares valued at about $1.18 million.
• Wall Street remains broadly bullish on Micron, with multiple firms raising price targets and the current consensus rating sitting at “Buy” with a target price of $641.97.
• Micron’s business momentum looks strong: the company reported a major earnings beat, boosted its quarterly dividend, and continues to benefit from AI-driven memory demand and long-term supply deals.

Transatlantique Private Wealth LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,133 shares of the semiconductor manufacturer's stock, valued at approximately $1,180,000.

A number of other large investors also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock worth $435,000 after purchasing an additional 628 shares in the last quarter. United Bank acquired a new position in Micron Technology during the second quarter worth $236,000. Schnieders Capital Management LLC. lifted its stake in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock worth $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock worth $49,987,000 after purchasing an additional 21,619 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on MU. Sanford C. Bernstein upped their price target on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Stifel Nicolaus upped their price target on Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Mizuho increased their price objective on Micron Technology to $800.00 and gave the company an "outperform" rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their price objective on Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $641.97.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron hit a new trillion-dollar valuation milestone, reinforcing investor enthusiasm around the company’s role in AI infrastructure and memory chip shortages. How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap
• Positive Sentiment: Morgan Stanley raised its price target on Micron to $1,050 and kept an Overweight rating, signaling continued Wall Street confidence even after the stock’s huge run. Micron Technology NASDAQ: MU Given New $1,050.00 Price Target at Morgan Stanley
• Positive Sentiment: Micron is reportedly locking in long-term AI memory deals tied to multi-year supply commitments, which could improve visibility into future revenue and support pricing power. Micron Locks In Long Term AI Memory Deals As Valuation Stretches
• Positive Sentiment: Analysts continue to argue that the memory shortage is not over, which keeps the bull case alive for Micron and other AI memory leaders. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Positive Sentiment: Micron’s AI product momentum remains strong, including HBM and other next-gen memory offerings shown at COMPUTEX, suggesting it is well positioned for continued AI-driven demand. Micron Technology (MU) Stock Climbs on HBM4 Launch and AI Memory Innovation at COMPUTEX 2026

Micron Technology Trading Up 1.5%

NASDAQ MU opened at $1,079.57 on Thursday. 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, Inc. has a 52 week low of $101.70 and a 52 week high of $1,089.29. The stock has a market capitalization of $1.22 trillion, a PE ratio of 50.97 and a beta of 2.16. The firm has a 50 day moving average of $595.64 and a two-hundred day moving average of $429.72.

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

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. 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. Micron Technology's dividend payout ratio is currently 2.83%.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president 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. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is owned by corporate insiders.

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.

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.