Insight Advisors LLC PA Acquires 547 Shares of Micron Technology, Inc. $MU

Insight Advisors LLC PA grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 28.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,485 shares of the semiconductor manufacturer’s stock after acquiring an additional 547 shares during the period. Insight Advisors LLC PA’s holdings in Micron Technology were worth $709,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MU. Manning & Napier Advisors LLC lifted its stake in shares of Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 24 shares during the last quarter. Round Rock Advisors LLC lifted its stake in shares of Micron Technology by 0.6% in the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 25 shares during the last quarter. Arlington Trust Co LLC lifted its stake in shares of Micron Technology by 26.3% in the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 25 shares during the last quarter. Manuka Financial LLC lifted its stake in shares of Micron Technology by 2.3% in the fourth quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock worth $355,000 after buying an additional 28 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in shares of Micron Technology by 20.9% in the fourth quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock worth $48,000 after buying an additional 29 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and maintained an overweight rating, while Cantor Fitzgerald lifted its target to $1,500, reinforcing Wall Street optimism on the company’s AI-memory growth outlook.
• Positive Sentiment: Analysts and market commentary continue to highlight a memory-chip supercycle, with long-term supply agreements and sustained AI infrastructure demand supporting Micron’s revenue and earnings potential.
• Positive Sentiment: Micron appointed Dr. Alexis Black Björlin to its board of directors, adding leadership experience in AI infrastructure, cloud platforms, and semiconductors that could strengthen strategic execution. Article Title
• Neutral Sentiment: Micron’s recent rally and extreme volatility have made the stock sensitive to any sign of weakness, and several articles noted that earnings on June 24 could either validate the AI-memory thesis or trigger a pullback if expectations are not met.
• Negative Sentiment: Short-term sentiment was also hit by a broader chip-sector correction, with memory and storage stocks falling together as investors reassessed the pace of the AI-driven advance.
• Negative Sentiment: Some commentary warned Micron’s valuation and recent gains may have moved too far too fast, making the stock vulnerable to profit-taking or disappointment if growth assumptions cool.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were 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 owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 146,000 shares of company stock worth $85,486,715. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MU shares. KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Erste Group Bank cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Needham & Company LLC boosted their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group boosted their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $690.97.

Micron Technology Stock Down 1.4%

MU stock opened at $935.89 on Wednesday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,089.29. The company has a market cap of $1.06 trillion, a PE ratio of 44.19 and a beta of 2.16. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $640.73 and its 200 day simple moving average is $449.45.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter in the prior year, the company posted $1.56 EPS. The business’s revenue was up 196 on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is currently 2.83%.

Micron Technology 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.