Balefire LLC Sells 2,196 Shares of Micron Technology, Inc. $MU

Balefire LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,054 shares of the semiconductor manufacturer’s stock after selling 2,196 shares during the period. Balefire LLC’s holdings in Micron Technology were worth $3,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Orleans Capital Management Corp LA purchased a new position in Micron Technology in the second quarter worth about $256,000. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after buying an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC increased its position in shares of Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after acquiring an additional 5,233 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of Micron Technology by 9.8% during the third 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. Finally, Westpac Banking Corp raised its holdings in Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after acquiring an additional 16,509 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares of the company’s stock, valued at $126,495,965.44. This represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MU shares. Sanford C. Bernstein upped their price objective on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Cantor Fitzgerald lifted their target price on Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Raymond James Financial boosted their price target on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Bank of America upped their price target on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Stifel Nicolaus increased their price objective on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $453.55.

Micron Technology Trading Down 2.2%

NASDAQ:MU opened at $395.53 on Wednesday. The company has a market cap of $446.05 billion, a PE ratio of 18.67 and a beta of 1.50. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $404.96 and a two-hundred day simple moving average of $289.19. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $471.34.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $8.50 by $3.70. The firm had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s revenue was up 196.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.17%.

Micron Technology News Summary

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

• Positive Sentiment: Blowout quarter — Micron delivered record Q2 revenue (+196% YoY), outsized margins and EPS well above estimates, underpinning the AI demand story. Micron: Buy The Latest Blowout
• Positive Sentiment: Dividend hike — management raised the dividend ~30%, signalling strong free‑cash‑flow expectations and returning capital to shareholders. Micron Is Raising Its Dividend by a Whopping 30%
• Positive Sentiment: Analyst upside — firms continue to raise price targets (e.g., Raymond James to $530), reflecting belief in sustained AI-driven demand and margin expansion. Raymond James Raises its Price Target on Micron
• Positive Sentiment: Structural demand / pricing power — multiple writeups highlight supply constraints for HBM/DRAM and multi‑year customer commitments that could sustain elevated pricing. Micron’s Profit Supercycle Mirrors Nvidia
• Neutral Sentiment: Broader tech/market context — tech names have reported strong earnings but some investors are rotating, creating volatility that affects even winners like MU; watch sector flows and guidance from peers. After Blowout Earnings, How Much Higher Can Micron Go?
• Negative Sentiment: Heavy capex guidance spooked investors — management outlined ~ $25B FY26 capex plus ~$10B construction in FY27, raising capital‑efficiency and execution concerns despite growth rationale. The ‘Problem’ With Micron’s Guidance
• Negative Sentiment: Competitor investment increases risk of faster supply growth — SK Hynix announced a large equipment push, which investors fear could accelerate industry capacity add and pressure pricing or margins later. Micron Stock Falls As Rival SK Hynix Ups Investments
• Negative Sentiment: Sell‑the‑news volatility — several outlets note a sharp post‑earnings pullback (panic/rotation) even after the beat, amplifying downside in the near term. Micron stock sinks for a fourth straight day despite dominant earnings report

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.