River Road Asset Management LLC Trims Stock Holdings in Micron Technology, Inc. $MU

River Road Asset Management LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 59.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,605 shares of the semiconductor manufacturer’s stock after selling 45,980 shares during the quarter. River Road Asset Management LLC’s holdings in Micron Technology were worth $9,020,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MU. Heritage Trust Co boosted its holdings in Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares during the period. Westpac Banking Corp increased its holdings in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after purchasing an additional 16,509 shares during the period. Wellington Management Group LLP increased its holdings in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after purchasing an additional 1,188,296 shares during the period. Fulton Bank N.A. raised its position in Micron Technology by 79.1% in the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock valued at $4,619,000 after purchasing an additional 7,147 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in Micron Technology in the 4th quarter valued at about $1,316,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the firm’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 transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on 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 directly owned 125,737 shares in the company, valued at approximately $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. Insiders sold 146,000 shares of company stock valued at $85,486,715 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU opened at $1,133.99 on Friday. The company has a fifty day moving average of $748.09 and a two-hundred day moving average of $493.40. The company has a market capitalization of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,149.43. 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 posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The business’s revenue was up 196 compared to the same quarter last year. As a group, analysts expect that Micron Technology, Inc. will post 59.57 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MU. The Goldman Sachs Group boosted their price objective on Micron Technology from $400.00 to $900.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Summit Insights cut shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Cantor Fitzgerald boosted their price target on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Finally, Raymond James Financial increased their price objective on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Five equities research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $913.47.

Micron Technology News Roundup

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

• Positive Sentiment: Multiple firms raised price targets on Micron (MU), citing stronger DRAM/NAND pricing, AI-driven memory demand, and rising data-center sales. Wedbush lifted its target to $1,300, while other reports pointed to even higher bullish targets, signaling continued confidence ahead of earnings. Article Title
• Positive Sentiment: Micron’s U.S. capacity expansion and advanced 1-alpha DRAM production were highlighted as strategic moves that could support long-term AI infrastructure demand, reinforcing the company’s role as a key memory supplier for AI data centers. Article Title
• Positive Sentiment: Several articles say MU is likely to beat fiscal Q3 estimates thanks to tight memory supply, strong pricing power, and new chip ramp-up, which would extend the company’s recent run and keep AI-related optimism alive. Article Title
• Neutral Sentiment: Investors are treating Micron’s June 24 earnings report as a key read-through on whether the AI-driven chip rally still has room to run. That makes the stock a high-expectation name going into results, but not automatically one with easy upside from here. Article Title
• Neutral Sentiment: Some commentary also suggests Micron (MU) could see a volatile reaction even if earnings are good, since the stock has already had a huge run and expectations are elevated. Article Title
• Negative Sentiment: Bearish pieces warn that Micron’s upcoming report is a “tough earnings test,” with some arguing the stock could fall if the company merely meets expectations instead of dramatically exceeding them. Article Title
• Negative Sentiment: SK Hynix’s plan to expand memory production over the next five years was flagged as a competitive risk for MU, potentially pressuring pricing and margins later if supply growth outpaces demand. Article Title

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.