DAVENPORT & Co LLC Grows Position in Micron Technology, Inc. $MU

DAVENPORT & Co LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,172 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,060 shares during the period. DAVENPORT & Co LLC’s holdings in Micron Technology were worth $9,468,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MU. Sunflower Bank N.A. lifted its position in shares of Micron Technology by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock worth $476,000 after purchasing an additional 34 shares during the period. Rialto Wealth Management LLC increased its holdings in Micron Technology by 3.5% during the fourth quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock valued at $303,000 after buying an additional 36 shares during the period. Montecito Bank & Trust increased its holdings in Micron Technology by 0.7% during the fourth quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer’s stock valued at $1,566,000 after buying an additional 40 shares during the period. Regent Peak Wealth Advisors LLC raised its stake in Micron Technology by 1.8% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,552 shares of the semiconductor manufacturer’s stock worth $728,000 after buying an additional 45 shares in the last quarter. Finally, American Capital Advisory LLC lifted its holdings in Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $382.09 on Thursday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $471.34. The business’s fifty day simple moving average is $405.94 and its 200-day simple moving average is $289.84. 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 market cap of $430.89 billion, a PE ratio of 18.04 and a beta of 1.50.

Micron Technology Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is currently 2.17%.

Insiders Place Their Bets

In other Micron Technology news, Director Teyin M. Liu purchased 11,600 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was bought at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the purchase, the director owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 53,623 shares valued at $21,832,908. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Cantor Fitzgerald boosted their price target on Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Raymond James Financial upped their price objective on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Sanford C. Bernstein lifted their target price on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $466.75.

Key Micron Technology News

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

• Positive Sentiment: Blowout Q2 results — Micron reported massive revenue and profit upside (revenue surged ~196% year‑over‑year; earnings jumped sharply and gross margins expanded), underscoring strong AI/HBM demand that is driving near-term pricing power. Read More.
• Positive Sentiment: Dividend increase — Management raised the dividend by ~30%, which supports income-oriented investors and signals confidence in cash flow generation. Read More.
• Positive Sentiment: Analyst optimism — Several firms have boosted price targets and ratings after the quarter (e.g., Raymond James raised its target to $530), reflecting continued bullishness on Micron’s AI exposure. Read More.
• Neutral Sentiment: Tender offers for senior notes — Micron launched cash tender offers to buy multiple series of senior notes (offer window ends March 31), a balance‑sheet management move that could be viewed as neutral-to-positive but coincided with market reaction. Read More.
• Negative Sentiment: Sell‑off despite results — Multiple outlets note a sharp intra‑week pullback (double-digit intraday moves reported) as investors took profits and questioned sustainability despite record numbers. Heavy volatility and profit‑taking amplified downside. Read More.
• Negative Sentiment: Capex and supply concerns — Investors are worried about Micron’s aggressive capex guidance (management signaled a large multi‑year buildout) and competitor moves (SK Hynix’s big equipment spending), which raise questions about capital efficiency and future supply/demand dynamics. Read More.
• Negative Sentiment: Broader tech/sector rotation pressures — Commentators tied Micron’s pullback to wider tech weakness and capital‑intensive names (including reactions to large capex plans at other big tech firms like Alphabet), adding to short‑term selling pressure. Read More.

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.