Short Interest in Micron Technology, Inc. (NASDAQ:MU) Expands By 15.9%

Key Points

• Short interest in Micron rose 15.9% in April to 36,327,421 shares (about 3.2% of shares outstanding) with a short-interest ratio of 0.8 days based on average daily volume.
• Several insiders have been net sellers — including EVP Sumit Sadana (24,000 shares) and EVP April Arnzen (40,000 shares) — with insiders selling 89,000 shares worth roughly $34.8 million over the last 90 days; corporate insiders now own 0.24% of the stock.
• Wall Street sentiment is broadly bullish: multiple firms have raised price targets and the MarketBeat consensus is a Buy with an average price target near $478, reflecting optimism about AI and data-center demand supporting Micron’s memory business.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 36,327,421 shares, a growth of 15.9% from the March 31st total of 31,355,866 shares. Based on an average daily volume of 45,749,339 shares, the short-interest ratio is currently 0.8 days. Currently, 3.2% of the shares of the stock are short sold.

Micron Technology Stock Performance

Shares of MU opened at $517.16 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock has a 50-day moving average of $422.13 and a 200-day moving average of $336.46. The company has a market cap of $583.22 billion, a PE ratio of 24.42 and a beta of 1.60. Micron Technology has a one year low of $77.64 and a one year high of $535.50.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a dividend of $0.15 per share. This is an increase 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 presently 2.83%.

Insider Buying and Selling at Micron Technology

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 company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company's stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 89,000 shares of company stock valued at $34,755,250 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently added to or reduced their stakes in MU. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the 1st quarter worth approximately $27,000. High Note Wealth LLC raised its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the period. Finally, Bayban bought a new stake in shares of Micron Technology in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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: DA Davidson and other brokers have issued very bullish price targets (one high-profile note says MU could double to $1,000), driving momentum and analyst attention; that bullish initiation is helping lift investor sentiment. Micron Stock Price Can Double to $1,000, Analyst Says. Here's How.
• Positive Sentiment: Multiple Wall Street firms have raised targets/estimates recently (TD Cowen bumped its target to $660; Erste Group raised FY estimates), signaling growing confidence in Micron’s earnings runway as AI and data-center demand expands. TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU)
• Positive Sentiment: Sector tailwinds: strong results from data-storage and semiconductor peers (e.g., Seagate, NXP) and renewed AI capex expectations are being interpreted as support for DRAM/NAND pricing and Micron’s revenue mix. Micron's stock is gaining. Here's why the semiconductor trade has sprung back to life.
• Positive Sentiment: Product/business optimism: coverage pieces highlight Micron’s HBM and AI-focused memory exposure and large forward EPS growth expectations, reinforcing a growth narrative for long-term investors. There Is Optimism Around Micron Technology’s HBM Business, Here Is What You Should Know?
• Neutral Sentiment: Investor access: Micron confirmed executive participation at the J.P. Morgan Global TMC Conference (May 20), which may provide incremental clarity but is not an immediate earnings catalyst. Micron Announces Participation in Investor Event
• Neutral Sentiment: New research coverage (Melius Research initiation) increases analyst visibility and trading interest but does not itself change fundamentals. Micron Technology NASDAQ: MU Research Coverage Started at Melius Research
• Negative Sentiment: Volatility risk: commentary warns that the semiconductor “pop” has been rapid and could reverse quickly — a sharp sector pullback would pressure MU given its big recent run. The Semiconductor Pop Was Violent — the Pullback Could Be Too
• Negative Sentiment: At least one forecast piece flags downside risk if industry pricing or end-market spending softens; with the stock up dramatically YTD, valuation sensitivity is a concern for some investors. This Forecast Could Spell Trouble for Micron Technology Stock

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research reports. HSBC increased their price target on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Cantor Fitzgerald raised their target price on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Morgan Stanley raised their target price on Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their target price on Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of "Buy" and an average price target of $478.24.

Micron Technology Company 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.

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.