Thrivent Financial for Lutherans Has $154.31 Million Stock Holdings in Micron Technology, Inc. $MU

Thrivent Financial for Lutherans decreased its stake in Micron Technology, Inc. (NASDAQ:MU) by 40.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 540,578 shares of the semiconductor manufacturer’s stock after selling 359,654 shares during the period. Thrivent Financial for Lutherans’ holdings in Micron Technology were worth $154,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. increased its stake in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the period. Joseph Group Capital Management acquired a new stake in shares of Micron Technology in the fourth quarter valued at about $31,000. Luken Investment Analytics LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at about $31,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Bank of America sharply raised its price target on Micron to $950 from $500 and kept a Buy rating, citing stronger long-term demand for high-performance memory used in AI servers and data centers. BofA Sees More Room for Micron’s AI Rally
• Positive Sentiment: Multiple articles highlighted Micron as a major winner from the AI buildout, with record results, strong sequential growth, and all of its 2026 HBM output already contracted to major tech customers. A Look At Micron Technology (MU) Valuation As AI Memory Demand Drives Record Results And Long Term HBM Contracts
• Positive Sentiment: Micron also unveiled/started sampling a high-capacity 256GB DDR5 server module built on 1-gamma DRAM, reinforcing its positioning in AI and data-center infrastructure. Micron (MU) Samples High-Speed 256GB DDR5 RDIMMs Built on 1-Gamma DRAM Tech
• Neutral Sentiment: Several pieces note that Micron’s valuation has already soared dramatically, so some investors are watching for volatility or a pullback after the steep rally. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Neutral Sentiment: News that a director sold 2,000 shares may add a small overhang, but it looks more like routine insider selling than a fundamental warning. Steven Gomo Sells 2,000 Shares of Micron Technology (NASDAQ:MU) Stock
• Negative Sentiment: One Zacks headline framed the move lower as a reaction to the stock’s sharp recent rally, suggesting traders may be taking profits even as the broader AI narrative stays intact. Micron (MU) Stock Sinks As Market Gains: Here’s Why

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MU shares. TD Cowen increased their price target on Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Sanford C. Bernstein increased their price target on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Stifel Nicolaus increased their price target on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Melius Research started coverage on Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Bank of America raised their target price on Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Five equities 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 company. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average price target of $495.63.

Micron Technology Trading Down 3.4%

NASDAQ MU opened at $776.01 on Friday. The business has a 50 day simple moving average of $472.61 and a 200 day simple moving average of $368.17. Micron Technology, Inc. has a one year low of $90.93 and a one year high of $818.67. The stock has a market capitalization of $875.13 billion, a P/E ratio of 36.64 and a beta of 1.91. 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 Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,574,060.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 106,000 shares of company stock worth $47,032,460. 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.