Brandes Investment Partners LP Has $168.77 Million Position in Micron Technology, Inc. $MU

Brandes Investment Partners LP lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 591,323 shares of the semiconductor manufacturer’s stock after selling 259,096 shares during the period. Micron Technology accounts for about 1.3% of Brandes Investment Partners LP’s portfolio, making the stock its 24th biggest holding. Brandes Investment Partners LP’s holdings in Micron Technology were worth $168,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Outlook Wealth Advisors LLC acquired a new position in Micron Technology in the 4th quarter worth about $245,000. Portfolio Design Labs LLC increased its stake in shares of Micron Technology by 1.9% in the fourth quarter. Portfolio Design Labs LLC now owns 11,759 shares of the semiconductor manufacturer’s stock valued at $3,356,000 after buying an additional 224 shares during the period. Insight Advisors LLC PA increased its stake in shares of Micron Technology by 28.2% in the fourth quarter. Insight Advisors LLC PA now owns 2,485 shares of the semiconductor manufacturer’s stock valued at $709,000 after buying an additional 547 shares during the period. Stonebrook Private Inc. increased its stake in shares of Micron Technology by 3.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,937 shares of the semiconductor manufacturer’s stock valued at $838,000 after buying an additional 89 shares during the period. Finally, Winnow Wealth LLC increased its stake in shares of Micron Technology by 724.3% in the fourth quarter. Winnow Wealth LLC now owns 3,767 shares of the semiconductor manufacturer’s stock valued at $1,077,000 after buying an additional 3,310 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and maintained an overweight rating, while Cantor Fitzgerald lifted its target to $1,500, reinforcing Wall Street optimism on the company’s AI-memory growth outlook.
• Positive Sentiment: Analysts and market commentary continue to highlight a memory-chip supercycle, with long-term supply agreements and sustained AI infrastructure demand supporting Micron’s revenue and earnings potential.
• Positive Sentiment: Micron appointed Dr. Alexis Black Björlin to its board of directors, adding leadership experience in AI infrastructure, cloud platforms, and semiconductors that could strengthen strategic execution. Article Title
• Neutral Sentiment: Micron’s recent rally and extreme volatility have made the stock sensitive to any sign of weakness, and several articles noted that earnings on June 24 could either validate the AI-memory thesis or trigger a pullback if expectations are not met.
• Negative Sentiment: Short-term sentiment was also hit by a broader chip-sector correction, with memory and storage stocks falling together as investors reassessed the pace of the AI-driven advance.
• Negative Sentiment: Some commentary warned Micron’s valuation and recent gains may have moved too far too fast, making the stock vulnerable to profit-taking or disappointment if growth assumptions cool.

Analyst Ratings Changes

MU has been the subject of several recent research reports. Cantor Fitzgerald increased their price target on Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America increased their price target on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Needham & Company LLC increased their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Finally, Citigroup increased their price target on Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Five investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $690.97.

Micron Technology Trading Down 1.4%

NASDAQ MU opened at $935.89 on Wednesday. The business has a 50 day simple moving average of $640.73 and a 200 day simple moving average of $449.45. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,089.29. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 44.19 and a beta of 2.16. 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 released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue was up 196 on a year-over-year basis. Research analysts expect that Micron Technology, Inc. will post 58.79 earnings per share for the current year.

Micron Technology Increases Dividend

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

Insiders Place Their Bets

In related news, 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 completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.

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.