Envestnet Portfolio Solutions Inc. Cuts Position in Micron Technology, Inc. $MU

Envestnet Portfolio Solutions Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,722 shares of the semiconductor manufacturer’s stock after selling 19,092 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Micron Technology were worth $12,764,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. WD Rutherford LLC purchased a new position in shares of Micron Technology in the 4th quarter valued at about $570,000. Ironwood Investment Counsel LLC purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $314,000. Cascade Financial Partners LLC purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $324,000. Intrua Financial LLC boosted its stake in shares of Micron Technology by 10.8% during the 4th quarter. Intrua Financial LLC now owns 2,130 shares of the semiconductor manufacturer’s stock worth $608,000 after acquiring an additional 208 shares in the last quarter. Finally, Tucker Asset Management LLC purchased a new position in shares of Micron Technology in the fourth quarter valued at $198,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU opened at $698.74 on Wednesday. The business’s 50-day moving average price is $491.35 and its 200 day moving average price is $378.29. Micron Technology, Inc. has a twelve month low of $90.93 and a twelve month high of $818.67. The company has a market capitalization of $787.99 billion, a PE ratio of 32.99 and a beta of 1.91. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MU. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Stifel Nicolaus upped their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Barclays upped their price target on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Bank of America upped their price target on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Melius Research started coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price target for the company. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $518.47.

Micron Technology News Roundup

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

• Positive Sentiment: Citigroup raised its price target on Micron Technology (MU) to $840 from $425 and reiterated a buy rating, while Mizuho lifted its target to $800 with an outperform rating, signaling continued Wall Street confidence in the stock’s upside. Article Title
• Positive Sentiment: Multiple articles highlighted Micron as a standout in the AI memory trade, arguing that enterprise AI is shifting capital spending toward storage and NAND flash, which could sustain pricing power and margin expansion for Micron. Article Title
• Positive Sentiment: Investor sentiment was further supported by articles noting that Micron remains one of the market’s profitable AI-related picks and that Wall Street’s 12-month forecasts for the stock remain broadly bullish. Article Title
• Neutral Sentiment: Some commentary suggested Micron’s earlier pullback was tied to broader semiconductor weakness, valuation concerns after a big AI-driven rally, and macro worries such as higher bond yields and memory-demand uncertainty. Article Title

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,000 shares of company stock valued at $47,032,460 in the last ninety days. 0.24% of the stock is owned by company insiders.

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.