Trek Financial LLC Raises Stock Holdings in Micron Technology, Inc. $MU

Trek Financial LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5,092.3% in the fourth quarter, HoldingsChannel reports. The firm owned 69,681 shares of the semiconductor manufacturer’s stock after buying an additional 68,339 shares during the period. Micron Technology makes up approximately 1.2% of Trek Financial LLC’s investment portfolio, making the stock its 20th largest position. Trek Financial LLC’s holdings in Micron Technology were worth $19,888,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth $25,000. Elevation Wealth Partners LLC lifted its stake in shares of Micron Technology by 295.8% during 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 last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new stake in shares of Micron Technology in the 4th quarter worth $31,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron is benefiting from a powerful AI memory supercycle, with multiple articles citing strong demand for DRAM, NAND, and high-bandwidth memory as hyperscale data center spending accelerates. Micron Rallies as Memory Chip Shortage Fuels AI Demand
• Positive Sentiment: Wall Street sentiment remains constructive, with DA Davidson reaffirming a buy rating and Deutsche Bank reportedly raising its price target to $1,000, reinforcing the view that earnings estimates may still be moving higher. DA Davidson buy rating reaffirmed
• Positive Sentiment: Reports that Samsung could face production disruption from labor issues are boosting Micron, since any supply hit at a major rival could lift memory prices and improve Micron’s margins. Micron, SK Hynix Stocks Rise. Thank Trouble at Samsung.
• Positive Sentiment: Investor enthusiasm is also being amplified by strong ETF and options activity tied to chip stocks, suggesting traders expect the rally to continue and are positioning for more upside in MU. Micron Stock Has Been Soaring—Traders Are Pricing In More Big Moves This Week
• Neutral Sentiment: Micron is increasingly viewed as a major AI stock and a top trader favorite, which can support momentum, but it also raises the risk of near-term volatility if expectations become too stretched. 5 AI Stocks Wall Street Is Watching Now: Nvidia, Micron, and More
• Negative Sentiment: One cautionary note is that the stock’s rapid run-up has drawn “overbought” warnings and comments about extreme sentiment, so any disappointment on earnings, margins, or supply-chain execution could trigger profit-taking. Micron Stock: Overbought or Unstoppable Force?

Micron Technology Trading Up 6.5%

Shares of NASDAQ:MU opened at $795.33 on Tuesday. The business’s 50-day moving average is $449.78 and its 200 day moving average is $356.05. 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 firm has a market capitalization of $896.92 billion, a P/E ratio of 37.55 and a beta of 1.91. Micron Technology, Inc. has a 1 year low of $90.93 and a 1 year high of $818.67.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio is currently 2.83%.

Wall Street Analysts Forecast Growth

MU has been the topic of several recent analyst reports. Mizuho upped their target price on Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Stifel Nicolaus upped their target price on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Wells Fargo & Company upped their target price on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, TD Cowen upped their target price on Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $478.24.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 104,000 shares of company stock valued at $45,458,400. Company insiders own 0.24% of the company’s stock.

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.