Micron Technology, Inc. $MU Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,172 shares of the semiconductor manufacturer’s stock after buying an additional 2,060 shares during the quarter. DAVENPORT & Co LLC’s holdings in Micron Technology were worth $9,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares during the period. United Bank purchased a new position in shares of Micron Technology in the second quarter worth about $236,000. Schnieders Capital Management LLC. raised its stake in shares of Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Micron Technology by 245.6% during the second quarter. American Century Companies Inc. now owns 803,788 shares of the semiconductor manufacturer’s stock worth $99,067,000 after purchasing an additional 571,209 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MU. Wedbush increased their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Phillip Securities upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, HSBC raised their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $466.75.

Key Micron Technology News

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

• Positive Sentiment: Blowout Q2 results — Micron reported massive revenue and profit upside (revenue surged ~196% year‑over‑year; earnings jumped sharply and gross margins expanded), underscoring strong AI/HBM demand that is driving near-term pricing power. Read More.
• Positive Sentiment: Dividend increase — Management raised the dividend by ~30%, which supports income-oriented investors and signals confidence in cash flow generation. Read More.
• Positive Sentiment: Analyst optimism — Several firms have boosted price targets and ratings after the quarter (e.g., Raymond James raised its target to $530), reflecting continued bullishness on Micron’s AI exposure. Read More.
• Neutral Sentiment: Tender offers for senior notes — Micron launched cash tender offers to buy multiple series of senior notes (offer window ends March 31), a balance‑sheet management move that could be viewed as neutral-to-positive but coincided with market reaction. Read More.
• Negative Sentiment: Sell‑off despite results — Multiple outlets note a sharp intra‑week pullback (double-digit intraday moves reported) as investors took profits and questioned sustainability despite record numbers. Heavy volatility and profit‑taking amplified downside. Read More.
• Negative Sentiment: Capex and supply concerns — Investors are worried about Micron’s aggressive capex guidance (management signaled a large multi‑year buildout) and competitor moves (SK Hynix’s big equipment spending), which raise questions about capital efficiency and future supply/demand dynamics. Read More.
• Negative Sentiment: Broader tech/sector rotation pressures — Commentators tied Micron’s pullback to wider tech weakness and capital‑intensive names (including reactions to large capex plans at other big tech firms like Alphabet), adding to short‑term selling pressure. Read More.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $382.09 on Thursday. The stock has a market capitalization of $430.89 billion, a price-to-earnings ratio of 18.04 and a beta of 1.50. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $471.34. The firm’s 50 day simple moving average is $405.94 and its 200-day simple moving average is $289.84. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology’s payout ratio is currently 2.17%.

Insider Activity

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology 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 transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teyin M. Liu acquired 7,820 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was purchased at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the transaction, the director owned 25,910 shares of the company’s stock, valued at approximately $8,744,625. This trade represents a 43.23% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. 0.24% of the stock is owned by company insiders.

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.