Micron Technology, Inc. $MU Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,845 shares of the semiconductor manufacturer’s stock after selling 721 shares during the period. Micron Technology comprises 0.6% of Hartford Investment Management Co.’s investment portfolio, making the stock its 28th biggest position. Hartford Investment Management Co.’s holdings in Micron Technology were worth $18,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Manning & Napier Advisors LLC raised its position in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares in the last quarter. Round Rock Advisors LLC raised its position in Micron Technology by 0.6% in the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after purchasing an additional 25 shares in the last quarter. Arlington Trust Co LLC raised its position in Micron Technology by 26.3% in the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Manuka Financial LLC raised its position in Micron Technology by 2.3% in the 4th quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock valued at $355,000 after purchasing an additional 28 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its position in Micron Technology by 20.9% in the 4th quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock valued at $48,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Trading Down 3.6%

NASDAQ:MU opened at $766.58 on Wednesday. The stock’s 50 day moving average price is $456.87 and its 200 day moving average price is $360.05. The company has a market capitalization of $864.50 billion, a PE ratio of 36.19 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 52-week low of $90.93 and a 52-week high of $818.67.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. This is an increase 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 dividend payout ratio (DPR) is 2.83%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology 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 transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 104,000 shares of company stock worth $45,458,400. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MU. Morgan Stanley increased their price target on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Wedbush raised their target price on Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. raised their target price on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Five 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, the company currently has a consensus rating of “Buy” and an average price target of $495.63.

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

About Micron Technology

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.