Micron Technology, Inc. $MU Position Lessened by Bantamac Capital LLC

Bantamac Capital LLC lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 17.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,300 shares of the semiconductor manufacturer’s stock after selling 700 shares during the period. Micron Technology makes up approximately 0.5% of Bantamac Capital LLC’s portfolio, making the stock its 18th largest holding. Bantamac Capital LLC’s holdings in Micron Technology were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. MUFG Securities EMEA plc raised its stake in Micron Technology by 104.9% during the 4th quarter. MUFG Securities EMEA plc now owns 803,016 shares of the semiconductor manufacturer’s stock valued at $229,189,000 after acquiring an additional 411,095 shares in the last quarter. Sfmg LLC raised its stake in Micron Technology by 4.9% during the 4th quarter. Sfmg LLC now owns 3,131 shares of the semiconductor manufacturer’s stock valued at $894,000 after acquiring an additional 145 shares in the last quarter. Holderness Investments Co. raised its stake in Micron Technology by 23.1% during the 4th quarter. Holderness Investments Co. now owns 5,123 shares of the semiconductor manufacturer’s stock valued at $1,462,000 after acquiring an additional 963 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in Micron Technology by 18.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 10,325 shares of the semiconductor manufacturer’s stock valued at $2,947,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Forsta AP Fonden raised its stake in Micron Technology by 25.7% during the 4th quarter. Forsta AP Fonden now owns 301,200 shares of the semiconductor manufacturer’s stock valued at $85,965,000 after acquiring an additional 61,600 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 5.1%

Shares of MU stock opened at $970.47 on Friday. Micron Technology, Inc. has a 1 year low of $92.22 and a 1 year high of $981.00. The stock has a market cap of $1.09 trillion, a PE ratio of 45.82 and a beta of 1.91. The business’s fifty day moving average is $557.48 and its 200-day moving average is $411.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm’s revenue for the quarter was up 196 on a year-over-year basis. During the same period last year, the firm earned $1.56 EPS. Equities analysts expect that Micron Technology, Inc. will post 58.62 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is presently 2.83%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MU. The Goldman Sachs Group lifted their target price on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. TD Cowen lifted their target price on Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley lifted their target price on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Needham & Company LLC lifted their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Erste Group Bank cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $595.63.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 106,000 shares of company stock valued at $47,032,460. Insiders own 0.24% of the company’s stock.

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.