Everhart Financial Group Inc. Boosts Stock Position in Micron Technology, Inc. $MU

Everhart Financial Group Inc. raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,635 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,994 shares during the quarter. Everhart Financial Group Inc.’s holdings in Micron Technology were worth $2,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in shares of Micron Technology during the fourth quarter worth $40,000. REAP Financial Group LLC acquired a new position in Micron Technology in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology during the 3rd quarter worth $27,000. Cullen Frost Bankers Inc. raised its position in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Micron Technology by 205.5% in the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

Micron Technology Trading Down 4.8%

Micron Technology stock opened at $422.81 on Friday. The stock has a 50-day moving average price of $402.64 and a 200 day moving average price of $283.04. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The stock has a market cap of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50. The company has a current ratio of 2.90, a quick ratio of 1.78 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $18.90 billion. During the same period in the prior year, the firm earned $1.56 EPS. The firm’s quarterly revenue was up 196.3% on a year-over-year basis. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be paid a dividend of $0.15 per share. 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 2.17%.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of Micron Technology 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 completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 68,623 shares valued at $25,989,258. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MU. Itau BBA Securities reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. William Blair started coverage on Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Morgan Stanley boosted their target price on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their price target on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $453.55.

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.