Jericho Financial LLP Buys New Position in Micron Technology, Inc. $MU

Jericho Financial LLP bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,321 shares of the semiconductor manufacturer’s stock, valued at approximately $4,944,000. Micron Technology comprises about 3.0% of Jericho Financial LLP’s holdings, making the stock its 16th largest position.

Several other hedge funds also recently modified their holdings of the stock. Cane Capital Partners LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at approximately $1,427,000. Pacific Point Advisors LLC purchased a new position in Micron Technology in the fourth quarter worth $571,000. Ethos Capital Management Inc. purchased a new position in Micron Technology in the fourth quarter worth $2,126,000. MBL Wealth LLC purchased a new position in Micron Technology in the fourth quarter worth $757,000. Finally, Modera Wealth Management LLC boosted its position in Micron Technology by 2.9% in the fourth quarter. Modera Wealth Management LLC now owns 4,514 shares of the semiconductor manufacturer’s stock worth $1,288,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MU. TD Cowen boosted their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Phillip Securities raised Micron Technology to a “strong-buy” rating in a research report on Monday, February 2nd. HSBC boosted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Wells Fargo & Company boosted their price objective on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $463.71.

Micron Technology News Summary

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

• Positive Sentiment: KeyBanc reiterated a Buy and kept a lofty $600 price target, reinforcing an upside narrative that MU’s HBM exposure to AI servers could drive continued earnings upside. 5-star analyst makes a bold call on Micron stock
• Positive Sentiment: MarketBeat and other outlets point to heavy institutional accumulation, technical signs of a bottom, and forecasts that HBM shortages/pricing could extend into 2027 — a setup that supports higher revenue and margins if production remains constrained. The Bottom Is in for Micron Stock: 3 Signals to Buy Now
• Positive Sentiment: Micron’s strategic capacity moves — including the P5 site acquisition and industry-wide multi‑billion capex plans — aim to lock in share of a tight HBM market and support long-term AI-related revenue growth. Micron Technology (MU) Well-Positioned With New P5 Site Acquisition
• Neutral Sentiment: Some analysts and pieces urge caution: growth is real but volatile — investors should watch order/backlog and capex timing (a single chart can change the buy/sell case). This is a reminder the stock can swing sharply around earnings and cycle shifts. 1 Chart Investors Needs to See Before Buying Micron Technology Stock
• Negative Sentiment: Critical caution pieces label MU a crowded, cyclical bet at current levels — warning that outsized gains can reverse if the AI buildout cools or supply dynamics shift. Micron Technology: Crowded Bet On A Cyclical High
• Negative Sentiment: An analyst downgrade (Erste Group to Hold) and reported insider selling add friction to the rally and can weigh on near‑term sentiment even as fundamentals stay strong. Micron Technology (MU) Gets Downgraded by Analyst
• Negative Sentiment: Software improvements like compression (e.g., TurboQuant) and concerns about capex timing could temper HBM demand per unit — a structural headwind that analysts are watching closely. Nvidia’s Artificial Intelligence (AI) Chips Still Need Memory. Here’s Why the Micron Sell-Off Has Gone Too Far.

Micron Technology Stock Performance

Shares of MU opened at $377.58 on Wednesday. The firm has a market cap of $425.81 billion, a PE ratio of 17.83 and a beta of 1.60. The stock’s fifty day moving average price is $402.23 and its two-hundred day moving average price is $303.88. 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, Inc. has a 1 year low of $63.52 and a 1 year high of $471.34.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, March 30th. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 2.83%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 91,623 shares valued at $35,053,508. 0.24% of the stock is currently 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.