898 Shares in Micron Technology, Inc. $MU Purchased by KLCM Advisors Inc.

KLCM Advisors Inc. acquired a new position in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 898 shares of the semiconductor manufacturer’s stock, valued at approximately $256,000.

A number of other large investors have also modified their holdings of the company. Strategic Planning Group LLC acquired a new stake in shares of Micron Technology in the 4th quarter worth about $260,000. Trek Financial LLC increased its holdings in shares of Micron Technology by 5,092.3% in the 4th quarter. Trek Financial LLC now owns 69,681 shares of the semiconductor manufacturer’s stock worth $19,888,000 after acquiring an additional 68,339 shares during the period. AG2R LA Mondiale Gestion D Actifs increased its holdings in shares of Micron Technology by 6.2% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 44,520 shares of the semiconductor manufacturer’s stock worth $12,706,000 after acquiring an additional 2,616 shares during the period. Fortem Financial Group LLC acquired a new stake in shares of Micron Technology in the 4th quarter worth about $421,000. Finally, Centric Wealth Management acquired a new stake in shares of Micron Technology in the 4th quarter worth about $647,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 125,737 shares of the company’s stock, 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. In the last quarter, insiders sold 104,000 shares of company stock worth $45,458,400. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Down 3.6%

Micron Technology stock opened at $766.58 on Wednesday. The stock has a market cap of $864.50 billion, a price-to-earnings ratio of 36.19 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. The company’s 50-day moving average price is $456.87 and its two-hundred day moving average price is $360.05. Micron Technology, Inc. has a 52 week low of $90.93 and a 52 week high of $818.67.

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 given a dividend of $0.15 per share. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is 2.83%.

More Micron Technology News

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

• Positive Sentiment: Micron announced it is shipping the 245TB Micron 6600 ION SSD, the highest-capacity commercially available SSD, underscoring demand for its storage products. Article Title
• Positive Sentiment: Micron began sampling a 256GB DDR5 RDIMM for AI and data-center workloads, supporting the bullish case for memory demand. Article Title
• Positive Sentiment: Samsung labor disruption concerns could tighten global DRAM and NAND supply, improving Micron’s pricing power and margin outlook. Article Title
• Positive Sentiment: Analysts reiterated bullish views on MU, with recent Buy/Outperform calls and targets near $1,000 or higher reflecting confidence in AI-driven earnings growth. Article Title
• Neutral Sentiment: Some commentary says Micron’s sharp rally has made the stock look stretched in the short term, so traders may see near-term volatility or consolidation. Article Title
• Neutral Sentiment: Broader chip-sector weakness and profit-taking hit memory names on Tuesday, which can pressure MU despite the longer-term bullish trend. Article Title

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Sanford C. Bernstein raised their target price on shares of 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 raised their target price on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $495.63.

Micron Technology Company 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.