Wealthfront Advisers LLC Boosts Holdings in Micron Technology, Inc. $MU

Key Points

• Wealthfront Advisers LLC boosted its stake in Micron by 26.1% in Q4 to 120,295 shares, valued at about $34.33 million, and institutional investors now own roughly 80.84% of the company.
• Company insiders have been net sellers recently — EVPs Sumit Sadana and April S. Arnzen sold 24,000 and 40,000 shares respectively, and insiders disposed of 89,000 shares (~$34.76M) over the last quarter. Insiders currently own about 0.24% of the stock.
• Analyst sentiment is broadly bullish with multiple upgrades and targets as high as $700 (consensus target ~$472.72), while the stock recently opened around $524.56, near its 52‑week high amid strong AI‑driven demand expectations.

Wealthfront Advisers LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,295 shares of the semiconductor manufacturer's stock after buying an additional 24,899 shares during the period. Wealthfront Advisers LLC's holdings in Micron Technology were worth $34,333,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. iA Global Asset Management Inc. boosted its position 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 worth $24,578,000 after purchasing an additional 23,117 shares during the period. Westpac Banking Corp boosted its position in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock worth $3,863,000 after purchasing an additional 16,509 shares during the period. Generation Capital Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $238,000. Avanda Investment Management Pte. Ltd. purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $418,000. Finally, Wellington Management Group LLP boosted its position in shares of Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after purchasing an additional 1,188,296 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 89,000 shares of company stock worth $34,755,250. 0.24% of the stock is owned by company insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Major analyst price-target pushes and new coverage lift upside expectations: multiple firms (including Melius Research and Cantor Fitzgerald) have published $700 targets and fresh buy ratings, giving investors a clear near‑term upside narrative. Analyst Price Targets
• Positive Sentiment: Analysts and industry reports cite durable, multi‑year memory demand from AI and hyperscalers — a structural tailwind that supports higher revenue, pricing power and margin expansion for Micron. Demand Outlook
• Positive Sentiment: Bullish investment theses argue Micron is undervalued vs. its AI‑driven earnings trajectory, citing accelerating free cash flow to fund R&D and capacity advantages that could sustain another leg higher. Bull Thesis
• Neutral Sentiment: Options and momentum flows show heavy bullish positioning (unusually large MU option trades), which can amplify moves but also increases short‑term volatility if sentiment shifts. Options Activity
• Neutral Sentiment: High public visibility: media coverage and even a disclosed small purchase by Senator Fetterman have added attention; this raises liquidity and retail interest but doesn't change fundamentals. Insider Disclosure
• Negative Sentiment: Execution and cycle risk remain: at least one piece warns that forecasts and supply dynamics could flip, and capacity/fulfillment issues or a decelerating AI spend cadence would pressure the rally. Investors should watch inventory, gross‑margin trends and Micron’s ability to ramp supply without eroding pricing. Risk Note

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MU. William Blair began coverage on shares of Micron Technology in a research report on Thursday, January 22nd. They set an "outperform" rating for the company. Sanford C. Bernstein increased their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 18th. Melius Research began coverage on shares of Micron Technology in a research report on Monday. They set a "buy" rating and a $700.00 price objective for the company. Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Micron Technology in a report on Thursday, January 29th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $472.72.

Micron Technology Price Performance

Micron Technology stock opened at $524.56 on Tuesday. The firm has a market cap of $591.56 billion, a PE ratio of 24.77 and a beta of 1.60. Micron Technology, Inc. has a 52-week low of $73.50 and a 52-week high of $531.36. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $416.09 and its two-hundred day moving average is $331.63.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued 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 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 (DPR) is currently 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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