Everhart Financial Group Inc. Increases Stake in Micron Technology, Inc. $MU

Everhart Financial Group Inc. increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 26.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,635 shares of the semiconductor manufacturer’s stock after buying an additional 1,994 shares during the period. Everhart Financial Group Inc.’s holdings in Micron Technology were worth $2,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. QP Wealth Management LLC acquired a new position in shares of Micron Technology in the 4th quarter valued at $209,000. Sage Capital Advisors llc grew its stake in shares of Micron Technology by 4.1% during the 4th quarter. Sage Capital Advisors llc now owns 2,899 shares of the semiconductor manufacturer’s stock valued at $827,000 after buying an additional 115 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Micron Technology by 155.8% during the 4th quarter. Avior Wealth Management LLC now owns 31,328 shares of the semiconductor manufacturer’s stock worth $8,941,000 after buying an additional 19,080 shares during the last quarter. JBR Co Financial Management Inc purchased a new position in shares of Micron Technology in the 4th quarter worth $333,000. Finally, Neville Rodie & Shaw Inc. purchased a new position in shares of Micron Technology in the 4th quarter worth $240,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. This trade represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. This represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 68,623 shares worth $25,989,258. 0.24% of the stock is currently owned by insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

Micron Technology Stock Performance

Shares of MU stock opened at $422.81 on Friday. The stock has a market capitalization of $475.87 billion, a price-to-earnings ratio of 19.96 and a beta of 1.50. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $471.34. The company’s 50-day simple moving average is $402.64 and its 200-day simple moving average is $283.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.78 and a current ratio of 2.90.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $8.50 by $3.70. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same period in the previous year, the company earned $1.56 earnings per share. Micron Technology’s quarterly revenue was up 196.3% on a year-over-year basis. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared 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 positive change 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 dividend payout ratio (DPR) is presently 2.17%.

Analysts Set New Price Targets

A number of research firms have issued reports on MU. JPMorgan Chase & Co. boosted their price target on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup raised their price objective on Micron Technology from $430.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Summit Insights downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $453.55.

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.