Coastline Trust Co Acquires 6,934 Shares of Micron Technology, Inc. $MU

Coastline Trust Co increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4,473.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,089 shares of the semiconductor manufacturer’s stock after buying an additional 6,934 shares during the quarter. Coastline Trust Co’s holdings in Micron Technology were worth $2,023,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GK Wealth Management LLC raised its position in Micron Technology by 44.5% in the fourth quarter. GK Wealth Management LLC now owns 3,846 shares of the semiconductor manufacturer’s stock worth $1,098,000 after acquiring an additional 1,185 shares during the period. Union Bancaire Privee UBP SA grew its position in shares of Micron Technology by 3,502.8% during the 4th quarter. Union Bancaire Privee UBP SA now owns 140,510 shares of the semiconductor manufacturer’s stock valued at $40,107,000 after acquiring an additional 136,610 shares during the period. GAMMA Investing LLC increased its stake in shares of Micron Technology by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 23,811 shares of the semiconductor manufacturer’s stock worth $6,796,000 after purchasing an additional 3,053 shares in the last quarter. Triumph Capital Management increased its stake in shares of Micron Technology by 21.4% in the 3rd quarter. Triumph Capital Management now owns 3,267 shares of the semiconductor manufacturer’s stock worth $547,000 after purchasing an additional 576 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in Micron Technology by 82.9% in the 3rd quarter. AIA Group Ltd now owns 113,646 shares of the semiconductor manufacturer’s stock worth $19,015,000 after purchasing an additional 51,494 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Q2 blowout: record revenue, huge margin expansion and aggressive Q3 guidance that highlights ongoing AI/HBM demand — underpins multi‑year growth thesis. Micron’s Mic-Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street is raising targets: numerous firms bumped price targets (several into the $500s–$700s) and reiterated buys, reflecting confidence in pricing power and tight supply. Micron Stock Forecast Soars as Analysts See ‘No Indication of Slowing Momentum’
• Positive Sentiment: Capital returns: Micron raised its quarterly dividend ~30% to $0.15, signaling confidence in cash flow generation. (Company release)
• Neutral Sentiment: Product/capacity updates: Micron is ramping HBM4 and PCIe Gen6 SSDs and says much of near‑term capacity is sold out — positive for pricing but tied to execution risk. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Negative Sentiment: Higher capex and spending plans worried investors: management flagged a meaningful spending ramp to expand capacity/quality, which investors fear could pressure free cash flow and cap current margin momentum. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Sell‑the‑news / downgrade pressure: despite the beat, some investors trimmed positions and at least one bearish note flagged increasing HBM competition (Samsung entering NVIDIA supply chain) and cyclical risk, prompting a pullback. Micron: Entering The Danger Zone (Rating Downgrade)

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 68,623 shares worth $25,989,258. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wolfe Research lifted their target price on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Mizuho raised 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. Morgan Stanley lifted their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Sanford C. Bernstein boosted their price objective on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $453.55.

Micron Technology Price Performance

NASDAQ:MU opened at $444.27 on Friday. The business’s 50-day simple moving average is $401.09 and its two-hundred day simple moving average is $280.93. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The stock has a market cap of $500.03 billion, a PE ratio of 20.98 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 44.53% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The business’s quarterly revenue was up 196.3% compared to the same quarter last year. As a group, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is currently 2.17%.

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.