CenterBook Partners LP Makes New Investment in Micron Technology, Inc. $MU

CenterBook Partners LP bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,116 shares of the semiconductor manufacturer’s stock, valued at approximately $2,362,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MU. REAP Financial Group LLC acquired a new stake in Micron Technology during the third quarter worth $25,000. First Command Advisory Services Inc. lifted its stake in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth $27,000. Howard Hughes Medical Institute purchased a new stake in Micron Technology in the 2nd quarter valued at about $30,000. Finally, AlphaQuest LLC raised its holdings in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s 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 sale, the chief accounting officer directly owned 38,237 shares in the company, valued at approximately $12,904,987.50. The trade was a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Morgan Stanley increased their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Citigroup boosted their target price on Micron Technology from $330.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Stifel Nicolaus upped their price target on Micron Technology from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Bank of America lifted their price objective on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $358.38.

Micron Technology Stock Down 0.9%

Shares of NASDAQ:MU opened at $417.35 on Friday. The firm’s 50 day moving average price is $347.54 and its 200 day moving average price is $239.47. The stock has a market cap of $469.73 billion, a price-to-earnings ratio of 39.67 and a beta of 1.52. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the business posted $1.79 EPS. The firm’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Micron Technology News Summary

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

• Positive Sentiment: Analyst lift — Needham raised its price target to $450, reinforcing bullish analyst sentiment that supports higher share valuations on Micron’s stronger-than-expected results and guidance. Needham Raises MU Target
• Positive Sentiment: AI-driven demand & product wins — Coverage highlights surging AI data-center demand, tight high-bandwidth memory (HBM) supply and early mass production of new NAND SSDs (9650), supporting revenue and margin upside. These factors are key drivers for MU’s recent earnings beat and guidance lift. Micron SSDs Gamechangers
• Positive Sentiment: Institutional/whale interest — Reports show bullish 13F activity (e.g., David Tepper adding to MU) and large additions from some asset managers, which can underpin further price support as funds position for AI hardware exposure. Tepper Goes Big on MU
• Neutral Sentiment: Positive write-ups but cyclical risk noted — Multiple retail/broker pieces and bullish “could-make-you-a-millionaire” style takes highlight upside potential, yet also remind readers MU is cyclical; these stories attract retail flows but don’t change fundamentals. Fool: Could $10k in MU Make You a Millionaire?
• Neutral Sentiment: Valuation check — Coverage examines strong share gains and re-rating expectations; valuation is high versus historical norms, leaving the stock sensitive to execution and macro shifts. MU Valuation Check
• Negative Sentiment: Insider and institutional selling — Public summaries show heavy insider sales and large institutional trimming by some firms (e.g., UBS cut a very large stake), which can sap near-term momentum and fuel profit-taking. QuiverQuant MU Discussion
• Negative Sentiment: “Melt-up” and downside scenario warnings — Some analysts and commentators warn the rally looks late-cycle and highlight scenarios where MU could correct substantially (articles debating $280 downside), increasing volatility risk. Melt-Up Warning
• Negative Sentiment: Short-term underperformance signal — MarketWatch notes MU underperformed peers on a recent session, suggesting profit-taking or rotation pressures can push shares lower even amid good headlines. MW: MU Underperforms

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.