Facet Wealth Inc. Makes New Investment in Micron Technology, Inc. $MU

Facet Wealth Inc. bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,353 shares of the semiconductor manufacturer’s stock, valued at approximately $386,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its position in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the period. Noble Wealth Management PBC acquired a new stake in Micron Technology in the fourth quarter worth approximately $40,000. Finally, REAP Financial Group LLC acquired a new stake in Micron Technology in the third quarter worth approximately $25,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Bull case: analysts and commentators point to an AI memory surge, improving pricing power and a lower relative valuation that make MU a standout amid accelerating demand and margins. Zacks: One AI Stock Outpacing NVIDIA & Palantir
• Positive Sentiment: Supply-side bullishness: reports that long-term contracts are tightening AI memory supply helped lift sentiment — a near-term catalyst for pricing and revenue visibility. Yahoo: Why Micron Is Up After AI Memory Supply Tightens
• Positive Sentiment: Sector momentum: the semiconductor ETF (SOXX) logged an extended winning streak, reinforcing risk-on flows into memory names including Micron. Benzinga: SOXX 17-Day Win Streak
• Positive Sentiment: Industry narratives: multiple pieces highlight Micron as an “AI bottleneck” beneficiary and a structural winner as HBM demand explodes, supporting longer-term revenue and margin upside. 247wallst: 2 ‘AI Bottleneck Stocks’
• Neutral Sentiment: Data anomaly: an April 24 short-interest entry shows 0 shares (likely a reporting glitch); treat that specific figure as unreliable until exchanges update filings. (Internal short-interest data)
• Neutral Sentiment: Some analysts/questions note the rally’s stretch and ask whether structural revaluation is fully priced — useful context for risk management even as fundamentals improve. Seeking Alpha: Rally Is Missing Bigger Shift
• Negative Sentiment: Rising short interest: as of April 15 short positions rose to ~36.3M shares (about 3.2% short; days-to-cover ~0.8), a ~15.9% increase from March — more shorting can add selling pressure or volatility if momentum stalls.
• Negative Sentiment: Competitor surprise: SK Hynix reported a very strong quarter, and at one point Micron didn’t capture the same early-day lift — competitor results can create intra-sector rotation and short-term volatility for MU. Yahoo: SK Hynix Posts 400% Profit Rise

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald upped their target price on Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Wells Fargo & Company upped their target price on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Needham & Company LLC upped their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. HSBC upped their target price on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $464.61.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the 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 completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,000 shares of company stock valued at $34,755,250 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $496.72 on Monday. Micron Technology, Inc. has a one year low of $73.50 and a one year high of $506.99. The stock has a fifty day moving average of $413.83 and a 200-day moving average of $329.29. The company has a market capitalization of $560.17 billion, a PE ratio of 23.45 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. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 2.83%.

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.