Cherry Creek Investment Advisors Inc. Buys Shares of 1,872 Micron Technology, Inc. $MU

Cherry Creek Investment Advisors Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,872 shares of the semiconductor manufacturer’s stock, valued at approximately $534,000.

Several other hedge funds also recently made changes to their positions in MU. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% in the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after purchasing an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC raised its holdings in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after buying an additional 5,233 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after buying an additional 8,489 shares during the period. Westpac Banking Corp boosted its position in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after buying an additional 16,509 shares during the period. Finally, Generation Capital Management LLC bought a new stake in Micron Technology in the 3rd quarter worth $238,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Strong AI / HBM demand supports revenue and pricing power — analysts and market commentary highlight booming high-bandwidth memory (HBM) demand for AI servers, which is driving rising prices and expanding margins for Micron. Can Micron Capitalize on Rising HBM Demand?
• Positive Sentiment: Debt management action — Micron announced pricing for cash tender offers on certain outstanding senior notes, a move that can improve its debt profile and interest-cost flexibility. That was received favorably by some investors. Tender Offer Pricing
• Positive Sentiment: Dividend reinstatement / bump noted — coverage flagged Micron among stocks boosting dividends, which can attract income-focused holders and signal confidence in the balance sheet. Dividend Bumps Article
• Neutral Sentiment: Analyst target cut but buy rating maintained — Citi trimmed its price target from $510 to $425 while keeping a Buy rating, a sign of reduced upside expectations even as analysts still back the company. Citi Price Target Cut
• Negative Sentiment: Algorithmic compression fears (TurboQuant / Google) dent demand outlook — reports that new AI memory-compression methods could reduce memory needs sparked sectorwide jitters and contributed to recent downdrafts in MU. TurboQuant / Algorithm Concerns
• Negative Sentiment: Capex and spending plans overshadow earnings — coverage notes that large planned expenditures to add capacity have dampened enthusiasm after otherwise strong AI-driven results, fueling recent selling pressure. Capex Concerns Article
• Negative Sentiment: Warnings about valuation and momentum fatigue — some bloggers and commentators caution that MU’s rapid run (multiple-hundred-percent gains over the past year) raises near-term risk after the earnings-led pullback. Investment Blogger Warning
• Negative Sentiment: Insider selling highlighted — summaries of recent filings show extensive insider sales in recent months, which some investors view as a cautionary signal. Insider Trading Summary

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MU. Rosenblatt Securities restated a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. Cantor Fitzgerald increased their target price on shares of Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Mizuho boosted their price target on Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Wolfe Research upped their price target on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, Barclays increased their price objective on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $463.71.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $337.27 on Wednesday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $471.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The company’s 50-day moving average is $404.83 and its 200 day moving average is $296.51. The stock has a market capitalization of $380.35 billion, a P/E ratio of 15.92 and a beta of 1.50.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is presently 2.83%.

Insider Transactions at Micron Technology

In other news, Director Teyin M. Liu purchased 11,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the transaction, the director directly owned 14,310 shares of the company’s stock, valued at $4,823,471.70. This trade represents a 428.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Company insiders own 0.24% of the company’s stock.

Micron Technology 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.