Camden National Bank Sells 752 Shares of Micron Technology, Inc. $MU

Camden National Bank lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,143 shares of the semiconductor manufacturer’s stock after selling 752 shares during the quarter. Camden National Bank’s holdings in Micron Technology were worth $612,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MU. Generation Capital Management LLC acquired a new stake in shares of Micron Technology during the 3rd quarter valued at about $238,000. Wealthfront Advisers LLC boosted its position in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after acquiring an additional 8,489 shares in the last quarter. Westpac Banking Corp boosted its position in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after acquiring an additional 16,509 shares in the last quarter. Avanda Investment Management Pte. Ltd. acquired a new stake in shares of Micron Technology during the 3rd quarter valued at about $418,000. Finally, Wellington Management Group LLP boosted its position in shares of Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock valued at $1,196,427,000 after acquiring an additional 1,188,296 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,000 shares of company stock worth $47,032,460 over the last three months. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 6.6%

Shares of NASDAQ MU opened at $1,035.50 on Tuesday. The company’s 50 day simple moving average is $569.31 and its 200 day simple moving average is $418.02. Micron Technology, Inc. has a fifty-two week low of $94.40 and a fifty-two week high of $1,046.97. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 48.89 and a beta of 2.15. 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 (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 $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same period in the prior year, the business posted $1.56 earnings per share. Micron Technology’s revenue was up 196 compared to the same quarter last year. On average, analysts predict that Micron Technology, Inc. will post 58.62 EPS for the current year.

Micron Technology Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 30th. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is currently 2.83%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MU. Rosenblatt Securities reiterated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Royal Bank Of Canada boosted their price target on shares of Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. TD Cowen boosted their price target on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Raymond James Financial boosted their price target on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $621.97.

Key Micron Technology News

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

• Positive Sentiment: Micron unveiled its AI-optimized memory and storage portfolio at COMPUTEX 2026, highlighting products such as HBM4, 256GB SOCAMM2, high-capacity DDR5 RDIMMs, and advanced SSDs that are designed to boost AI inference, bandwidth, and power efficiency. Micron Technology Showcases AI-Optimized Memory and Storage Solutions at COMPUTEX 2026
• Positive Sentiment: Raymond James raised its price target on Micron to $1,100 from $530 and reiterated an outperform rating, adding to a wave of upbeat Wall Street commentary on the stock. Micron Technology had its price target raised by Raymond James Financial, Inc.
• Positive Sentiment: Multiple articles pointed to Micron as a key beneficiary of the AI memory shortage and broader semiconductor rally, with memory and storage names extending a “parabolic” run as demand outstrips supply. 2 AI Memory Stocks Outperforming NVIDIA With Big Upside Ahead
• Positive Sentiment: More coverage said Micron is one of the latest $1 trillion market-cap names, underscoring investor enthusiasm for its AI-driven growth story and the bullish momentum in the memory chip sector. Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?

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.