Waddell & Associates LLC Grows Stock Holdings in Micron Technology, Inc. $MU

Waddell & Associates LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,798 shares of the semiconductor manufacturer’s stock after buying an additional 737 shares during the quarter. Waddell & Associates LLC’s holdings in Micron Technology were worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp lifted its position in shares of Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after buying an additional 285,582 shares during the last quarter. Capital International Investors lifted its position in shares of Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Norges Bank purchased a new stake in shares of Micron Technology during the fourth quarter valued at about $6,433,456,000. Finally, Invesco Ltd. lifted its position in shares of Micron Technology by 8.0% during the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after buying an additional 708,716 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

MU opened at $949.28 on Tuesday. The firm has a fifty day moving average price of $629.16 and a 200 day moving average price of $444.45. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,089.29. The stock has a market cap of $1.07 trillion, a P/E ratio of 44.82 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue for the quarter was up 196 on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 earnings per share. Equities research analysts anticipate that Micron Technology, Inc. will post 58.79 earnings per share for the current year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.

Analyst Ratings Changes

Several equities analysts recently commented on MU shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. TD Cowen increased their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Susquehanna increased their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $690.97.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were 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 in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Micron shares are rebounding as investors buy the dip in semiconductor and memory stocks after Friday’s selloff, with the AI memory trade still viewed as strong. Why Micron stock is surging today?
• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and kept an overweight rating, reinforcing bullish sentiment. Benzinga report
• Positive Sentiment: Cantor Fitzgerald boosted its target to $1,500 from $700 and reiterated an overweight rating, suggesting more upside if memory demand stays strong. Benzinga report
• Positive Sentiment: Analysts and traders are positioning for a potentially large move around Micron’s June 24 earnings report, with options pricing implying a big swing. Micron’s Q3 Earnings on June 24
• Neutral Sentiment: Recent commentary says Micron’s rally has been driven by the broader AI/memory supercycle narrative, but some articles warn the stock has already run far and remains volatile. After Surging 918%, Is Micron Stock Still a Buy?
• Negative Sentiment: Some analysts caution that Micron and the memory trade remain vulnerable if macro conditions or AI demand expectations weaken, highlighting the stock’s cyclical risk. Is Micron Quietly Preparing for the Collapse in AI Demand?

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.