Nwam LLC Reduces Stock Holdings in Micron Technology, Inc. $MU

Nwam LLC reduced its holdings in Micron Technology, Inc. (NASDAQ:MU) by 8.5% during the 4th quarter, Holdings Channel reports. The fund owned 13,289 shares of the semiconductor manufacturer’s stock after selling 1,238 shares during the period. Nwam LLC’s holdings in Micron Technology were worth $3,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. D Orazio & Associates Inc. boosted its holdings in shares of Micron Technology by 2.9% in the 4th quarter. D Orazio & Associates Inc. now owns 2,378 shares of the semiconductor manufacturer’s stock valued at $679,000 after acquiring an additional 66 shares during the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in Micron Technology during the fourth quarter worth $225,000. Dogwood Wealth Management LLC boosted its holdings in Micron Technology by 9.4% during the fourth quarter. Dogwood Wealth Management LLC now owns 394 shares of the semiconductor manufacturer’s stock worth $112,000 after buying an additional 34 shares in the last quarter. EWA LLC boosted its holdings in Micron Technology by 2.3% during the fourth quarter. EWA LLC now owns 3,489 shares of the semiconductor manufacturer’s stock worth $996,000 after buying an additional 79 shares in the last quarter. Finally, Northern Capital Management Inc. purchased a new stake in Micron Technology during the fourth quarter worth $200,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Wedbush increased their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Bank of America increased their price target on shares of Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Barclays increased their price target on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $478.24.

Micron Technology Trading Up 15.4%

NASDAQ:MU opened at $746.33 on Friday. Micron Technology, Inc. has a 1-year low of $84.68 and a 1-year high of $747.21. The business’s 50-day moving average price is $435.84 and its two-hundred day moving average price is $348.07. 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 firm has a market capitalization of $841.66 billion, a price-to-earnings ratio of 35.24 and a beta of 1.91.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. 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 yield of 0.1%. Micron Technology’s payout ratio is currently 2.83%.

More Micron Technology News

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’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 sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 104,000 shares of company stock valued at $45,458,400. 0.24% of the stock is currently owned by company 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.