Bourgeon Capital Management LLC Reduces Stock Position in Micron Technology, Inc. $MU

Bourgeon Capital Management LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU) by 47.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,306 shares of the semiconductor manufacturer’s stock after selling 47,007 shares during the quarter. Micron Technology makes up 2.4% of Bourgeon Capital Management LLC’s holdings, making the stock its 16th largest holding. Bourgeon Capital Management LLC’s holdings in Micron Technology were worth $14,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology during the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology in the 3rd quarter worth about $27,000. Elevation Wealth Partners LLC increased its stake in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares during the period. Howard Hughes Medical Institute bought a new stake in Micron Technology during the 2nd quarter valued at about $30,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Teyin M. Liu purchased 11,600 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the sale, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Strong AI / HBM demand supports revenue and pricing power — analysts and market commentary highlight booming high-bandwidth memory (HBM) demand for AI servers, which is driving rising prices and expanding margins for Micron. Can Micron Capitalize on Rising HBM Demand?
• Positive Sentiment: Debt management action — Micron announced pricing for cash tender offers on certain outstanding senior notes, a move that can improve its debt profile and interest-cost flexibility. That was received favorably by some investors. Tender Offer Pricing
• Positive Sentiment: Dividend reinstatement / bump noted — coverage flagged Micron among stocks boosting dividends, which can attract income-focused holders and signal confidence in the balance sheet. Dividend Bumps Article
• Neutral Sentiment: Analyst target cut but buy rating maintained — Citi trimmed its price target from $510 to $425 while keeping a Buy rating, a sign of reduced upside expectations even as analysts still back the company. Citi Price Target Cut
• Negative Sentiment: Algorithmic compression fears (TurboQuant / Google) dent demand outlook — reports that new AI memory-compression methods could reduce memory needs sparked sectorwide jitters and contributed to recent downdrafts in MU. TurboQuant / Algorithm Concerns
• Negative Sentiment: Capex and spending plans overshadow earnings — coverage notes that large planned expenditures to add capacity have dampened enthusiasm after otherwise strong AI-driven results, fueling recent selling pressure. Capex Concerns Article
• Negative Sentiment: Warnings about valuation and momentum fatigue — some bloggers and commentators caution that MU’s rapid run (multiple-hundred-percent gains over the past year) raises near-term risk after the earnings-led pullback. Investment Blogger Warning
• Negative Sentiment: Insider selling highlighted — summaries of recent filings show extensive insider sales in recent months, which some investors view as a cautionary signal. Insider Trading Summary

Micron Technology Trading Up 4.8%

Shares of NASDAQ:MU opened at $337.27 on Wednesday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $471.34. The business’s fifty day simple moving average is $404.83 and its 200-day simple moving average is $296.51. The company has a market capitalization of $380.35 billion, a PE ratio of 15.92 and a beta of 1.50. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio is 2.83%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein upped their target price on shares of Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Barclays boosted their price target on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Mizuho increased their price objective on Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Wolfe Research raised their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Stifel Nicolaus lifted their target price on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $463.71.

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.