Patton Albertson Miller Group LLC Acquires Shares of 1,394 Micron Technology, Inc. $MU

Patton Albertson Miller Group LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,394 shares of the semiconductor manufacturer’s stock, valued at approximately $398,000.

A number of other institutional investors have also made changes to their positions in MU. REAP Financial Group LLC bought a new position in shares of Micron Technology in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology in the third quarter valued at about $27,000. Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 52 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MU shares. Erste Group Bank cut Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. The Goldman Sachs Group lifted their price target on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Needham & Company LLC lifted their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. HSBC boosted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $478.24.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, the executive vice president directly owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction dated 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. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 104,000 shares of company stock worth $45,458,400. 0.24% of the stock is currently owned by company insiders.

More Micron Technology News

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

• Positive Sentiment: Bull case: reports say the market still underestimates an AI memory “supercycle” that is tightening DRAM/NAND capacity and pushing prices and margins higher, supporting multi?quarter revenue upside. Seeking Alpha: The AI Memory Supercycle
• Positive Sentiment: Product win: Micron began shipping a 245TB 6600 ION SSD for hyperscale/cloud AI storage — a high?capacity product that can accelerate enterprise/hyperscaler adoption and lift enterprise SSD revenue. Yahoo Finance: 245TB SSD Launch
• Positive Sentiment: Analyst/price?target momentum: firms and bullish coverage (including a notable $740 target) have pushed sentiment and helped MU reach record market caps, supporting continued institutional interest. Blockonomi: $740 Price Target
• Neutral Sentiment: Macro/sector context: broader AI infrastructure demand is lifting memory makers (and could raise device prices), which supports the cycle but also concentrates risk in AI spending trends. Investopedia: AI and Device Pricing
• Neutral Sentiment: Market mechanics: speculation about a possible stock split and heavy social/media chatter have amplified momentum and volume, increasing both upside interest and short?term volatility. The Motley Fool: Stock?Split Watch
• Negative Sentiment: Insider sale: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing) — a headline that can prompt near?term selling even though insiders still hold large stakes. SEC Filing: Insider Sale
• Negative Sentiment: Risk of pullback: analysts and commentators warn MU looks overbought (technical RSI/readings, rapid YTD gains), and some note demand concentration and possible re?equilibration could trigger profit?taking. Invezz: Overbought Warning
• Negative Sentiment: Immediate market action: a morning/previous session pullback was noted by market reporters and Zacks — MU has dipped more than the broader market in the latest session, reflecting short?term rotation. Zacks: MU Dips More Than Market

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $646.63 on Friday. The stock has a market capitalization of $729.22 billion, a P/E ratio of 30.53 and a beta of 1.91. Micron Technology, Inc. has a 1-year low of $83.36 and a 1-year high of $683.09. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $435.84 and a two-hundred day moving average price of $348.07.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is presently 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.