Continuum Advisory LLC Sells 721 Shares of Micron Technology, Inc. $MU

Continuum Advisory LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,674 shares of the semiconductor manufacturer’s stock after selling 721 shares during the quarter. Micron Technology makes up approximately 0.7% of Continuum Advisory LLC’s holdings, making the stock its 29th biggest holding. Continuum Advisory LLC’s holdings in Micron Technology were worth $6,757,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 0.6% in the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after purchasing an additional 285,582 shares during the last quarter. Capital International Investors boosted its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Norges Bank bought a new position in shares of Micron Technology in the 4th quarter valued at about $6,433,456,000. Finally, Invesco Ltd. boosted its stake in shares of Micron Technology by 8.0% in the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after purchasing an additional 708,716 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $996.00 on Friday. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 47.03 and a beta of 2.16. The firm’s 50 day simple moving average is $607.64 and its 200 day simple moving average is $434.99. 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, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,089.29.

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

Micron Technology Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Micron Technology to $800.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus raised their target price on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD Cowen raised their target price on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Finally, KeyCorp raised their target price on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $641.97.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron continues to benefit from strong AI and high-bandwidth memory demand, with multiple recent articles highlighting bullish analyst upgrades, rising price targets, and long-term supply agreements that could support earnings and margins. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Positive Sentiment: Micron’s huge year-to-date run and recent record highs have drawn attention from traders and strategists who argue the stock may still have upside because memory supply remains tight. Strategist Defends Semiconductor Rally Despite Bubble Fears
• Neutral Sentiment: Recent coverage also notes unusually high trading interest in Micron-linked ETFs and leveraged products, reflecting speculation and momentum rather than a change in fundamentals. Investor Turned $258K to $3M This Year Using This Micron ETF
• Negative Sentiment: Today’s decline appears tied to a broader semiconductor selloff after Broadcom’s weaker AI outlook raised concerns that AI spending growth may be normalizing, not accelerating indefinitely. Why Is Micron Stock Falling Today? A New Warning Points to an Early Peak.
• Negative Sentiment: Some analysts are warning that memory-chip prices may be nearing a peak, which could limit upside if supply improves or pricing power weakens after the recent surge. Micron Stock Drops, Brace for the Memory-Price Peak

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 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.