Micron Technology (NASDAQ:MU) Shares Down 2% on Insider Selling

Shares of Micron Technology, Inc. (NASDAQ:MU) fell 2% on Wednesday following insider selling activity. The stock traded as low as $439.32 and last traded at $456.23. 40,061,081 shares traded hands during trading, a decline of 2% from the average session volume of 40,994,758 shares. The stock had previously closed at $465.66.

Specifically, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

Several research firms have recently weighed in on MU. Sanford C. Bernstein lifted 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, March 18th. William Blair began coverage on Micron Technology in a research note on Thursday, January 22nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Bank of America lifted their price objective on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Susquehanna lifted their price objective on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $464.61.

More Micron Technology News

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

• Positive Sentiment: Analysts keep raising estimates and price targets (including a notable lift from Lynx Equity), which supports further institutional and thematic AI flows into MU. Lynx Equity Raises Micron (MU) PT, Suggests Aggressive Buying
• Positive Sentiment: Micron’s margins have expanded sharply as AI demand boosts HBM/DRAM pricing and mix, underpinning profit revisions and providing a fundamental rationale for higher valuations. Can Micron’s Margin Expansion Continue Amid Strong AI Demand?
• Neutral Sentiment: New and growing semiconductor/DRAM-focused ETFs could channel more passive inflows into big-memory names like Micron, but they also concentrate sector exposure and volatility. 3 Semiconductor ETFs to Buy Before the AI Chip Market Hits $500 Billion
• Neutral Sentiment: Coverage pieces and price models (including ML forecasts and “is it too late?” analyses) are increasing attention; they draw trading flows but add little new fundamental data. Is It Too Late To Consider Micron Technology (MU)?
• Negative Sentiment: Insider selling: EVP Sumit Sadana sold ~24,000 shares (~$10.1M) in early April — flagged by markets as profit-taking and used by some traders as a near-term caution. Micron EVP Sells $10,112,400.00 in Stock
• Negative Sentiment: Short-term memory-stock pullback: headlines show Micron and peers selling off as momentum traders take profits after a historic run, contributing to the intraday decline. Micron Falls 5%, SanDisk Drops 7%
• Negative Sentiment: Valuation warnings: several commentators caution that much of the AI upside may already be priced in, increasing downside risk for late buyers. Is Micron Technology’s Stock Really That Cheap?

Micron Technology Price Performance

The business’s fifty day simple moving average is $403.71 and its 200 day simple moving average is $314.28. The stock has a market cap of $514.51 billion, a price-to-earnings ratio of 21.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was 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 2.83%.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently made changes to their positions in MU. High Note Wealth LLC raised its stake in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its stake in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Bayban acquired a new stake in shares of Micron Technology in the 4th quarter valued at about $29,000. Finally, Joseph Group Capital Management acquired a new stake in shares of Micron Technology in the 4th quarter valued at about $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

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.