Key Points
- EVP Sumit Sadana sold 24,000 shares on April 10 at an average price of $421.35 for $10,112,400, trimming his stake by 9.68% to 224,021 shares (he also sold 25,000 shares on Feb. 2 for ~$10.75M).
- Micron raised its quarterly dividend to $0.15 from $0.12 (ex-dividend March 30, payable April 15), equal to $0.60 annualized and a roughly 0.1% yield.
- Shares have rallied (up ~9.2% intraday) amid heavy institutional buying and bullish analyst revisions; the stock has a market cap of ~$525.1B, a consensus "Buy" rating with a $464.61 target, though some analysts warn valuations may be elevated.
Micron Technology, Inc. (NASDAQ:MU - Get Free Report) EVP Sumit Sadana sold 24,000 shares of the company'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 value of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sumit Sadana also recently made the following trade(s):
- On Monday, February 2nd, Sumit Sadana sold 25,000 shares of Micron Technology stock. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00.
Micron Technology Trading Up 9.2%
Shares of MU opened at $465.66 on Wednesday. The company's fifty day moving average is $402.18 and its 200 day moving average is $313.28. Micron Technology, Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $471.34. The stock has a market capitalization of $525.14 billion, a PE ratio of 21.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.
Micron Technology Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be issued a $0.15 dividend. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology's payout ratio is presently 2.83%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MU. Norges Bank purchased a new stake in Micron Technology in the 4th quarter valued at about $6,433,456,000. AQR Capital Management LLC increased its position in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after acquiring an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock valued at $805,148,000 after acquiring an additional 2,625,169 shares in the last quarter. Amundi boosted its holdings in shares of Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 1.9% in 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 purchasing an additional 1,954,644 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Erste Group Bank downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Royal Bank Of Canada upped their price objective on Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a research report on Monday, March 16th. HSBC lifted their target price on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Summit Insights downgraded Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Finally, Citigroup decreased their price target on Micron Technology from $510.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, March 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Micron Technology presently has a consensus rating of "Buy" and a consensus price target of $464.61.
Get Our Latest Stock Analysis on MU
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Lynx Equity raised its price target on Micron from $700 to $825, citing extended capacity sell-outs and improved visibility into future revenue — a direct catalyst for bullish investor flows. Lynx Equity Raises Micron (MU) PT, Suggests Aggressive Buying
- Positive Sentiment: Analysts across the street have been raising revenue and free-cash-flow estimates for Micron, pushing higher price targets and reinforcing the bullish narrative into earnings season. Analysts Hike Their Micron Estimates, Pushing MU Stock Price Targets Higher
- Positive Sentiment: Counterpoint Research highlights Micron’s role in turning memory into a core AI-performance driver — evidence that product (HBM/DRAM) mix and tech leadership are supporting higher-margin opportunities. Micron Tech Is Pushing Performance, Capacity And Efficiency Across AI Infrastructure Stack: Counterpoint Research
- Positive Sentiment: Media bullishness around sold-out HBM capacity and sharply higher EPS forecasts is drawing momentum buyers and thematic AI money into MU. Bull of the Day: Micron (MU)
- Neutral Sentiment: New DRAM-focused ETFs could channel additional sector flows, benefiting large memory names like Micron but also concentrating industry exposure. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand (MU)
- Neutral Sentiment: Trend/overview pieces (Zacks, TipRanks) are highlighting both the rapid rally and the key data points (pricing, HBM sales, estimates) that traders are watching — this raises attention but not new fundamental information. Here is What to Know Beyond Why Micron Technology, Inc. (MU) is a Trending Stock
- Negative Sentiment: Some analysts and commentators warn the rally may already price in a lot of optimism; pieces arguing the stock looks expensive at current levels or that low P/E can be misleading add caution for fresh buyers. Is Micron Technology's Stock Really That Cheap? Why Its Earnings Multiples Can Be Misleading
- Negative Sentiment: Macro/industry risks: some commentators advise against buying at current levels after a steep run, and retailers like Best Buy were flagged for potential margin pressure if memory costs rise — a reminder of demand sensitivity and cyclical risk. Best Buy Stock Gets Double Downgrade to Sell. Why Goldman Says Sell.
About Micron Technology
(
Get Free Report)
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.
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