Saxon Interests Inc. Takes $659,000 Position in Micron Technology, Inc. $MU

Saxon Interests Inc. bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, Holdings Channel reports. The firm bought 2,308 shares of the semiconductor manufacturer’s stock, valued at approximately $659,000.

Several other large investors have also recently made changes to their positions in the business. Manning & Napier Advisors LLC increased its position in shares of Micron Technology by 2.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 24 shares in the last quarter. SWAN Capital LLC increased its position in shares of Micron Technology by 9.7% during the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after acquiring an additional 24 shares in the last quarter. Round Rock Advisors LLC increased its position in shares of Micron Technology by 0.6% during the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after acquiring an additional 25 shares in the last quarter. Arlington Trust Co LLC increased its position in shares of Micron Technology by 26.3% during the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 25 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Micron Technology by 5.3% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the semiconductor manufacturer’s stock valued at $143,000 after acquiring an additional 25 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at $371,728,524.32. The trade was a 8.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is currently owned by insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Micron Technology Trading Down 1.4%

NASDAQ:MU opened at $981.61 on Friday. 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, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The company has a market cap of $1.11 trillion, a PE ratio of 46.35 and a beta of 2.16. The company has a 50 day simple moving average of $677.58 and a two-hundred day simple moving average of $463.52.

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 net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The firm’s revenue was up 196 on a year-over-year basis. Research analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MU. Sanford C. Bernstein raised their price target on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. JPMorgan Chase & Co. raised their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Morgan Stanley raised their price target on shares of Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Susquehanna lifted their target price on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Finally, Mizuho lifted their target price on shares of Micron Technology to $800.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $737.63.

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.