CIBC Private Wealth Group LLC Purchases 3,009 Shares of Micron Technology, Inc. $MU

CIBC Private Wealth Group LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 31.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,525 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,009 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Micron Technology were worth $2,096,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MU. CIBC Bancorp USA Inc. purchased a new stake in Micron Technology during the third quarter valued at $82,049,000. Tcfg Wealth Management LLC grew its stake in shares of Micron Technology by 53.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 2,597 shares of the semiconductor manufacturer’s stock worth $435,000 after buying an additional 906 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in shares of Micron Technology in the 3rd quarter worth $273,000. WBI Investments LLC bought a new stake in shares of Micron Technology in the 3rd quarter worth about $763,000. Finally, Centaurus Financial Inc. increased its holdings in shares of Micron Technology by 9.2% in the 3rd quarter. Centaurus Financial Inc. now owns 44,432 shares of the semiconductor manufacturer’s stock worth $7,434,000 after buying an additional 3,748 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of analyst reports. Barclays increased their price target on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group boosted their price objective on Micron Technology from $475.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James Financial upped their price objective on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Finally, Phillip Securities upgraded Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $453.55.

Micron Technology Stock Performance

Micron Technology stock opened at $422.81 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 1.78. The firm has a market capitalization of $475.87 billion, a P/E ratio of 19.96 and a beta of 1.50. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $471.34. The company’s 50-day moving average is $402.64 and its 200 day moving average is $284.19.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.50 by $3.70. The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s revenue for the quarter was up 196.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 earnings per share. Research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.17%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This represents a 8.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the 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 owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. 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 68,623 shares worth $25,989,258. 0.24% of the stock is owned by insiders.

Key Micron Technology News

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 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.