Banque Pictet & Cie SA Lowers Holdings in Micron Technology, Inc. $MU

Banque Pictet & Cie SA trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 56.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,801 shares of the semiconductor manufacturer’s stock after selling 170,254 shares during the quarter. Banque Pictet & Cie SA’s holdings in Micron Technology were worth $37,617,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Community Trust NA raised its position in shares of Micron Technology by 5.2% during the fourth quarter. First Community Trust NA now owns 1,052 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 52 shares during the last quarter. PFS Partners LLC boosted its position in shares of Micron Technology by 2.2% during the fourth quarter. PFS Partners LLC now owns 8,601 shares of the semiconductor manufacturer’s stock worth $2,455,000 after acquiring an additional 183 shares during the last quarter. Weatherly Asset Management L. P. purchased a new position in Micron Technology during the fourth quarter valued at $296,000. Claris Advisors LLC MO purchased a new position in Micron Technology during the fourth quarter valued at $204,000. Finally, BetterWealth LLC bought a new stake in Micron Technology in the 4th quarter valued at $291,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Micron Technology stock opened at $367.85 on Thursday. The company’s 50-day moving average price is $404.40 and its 200-day moving average price is $297.01. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market cap of $414.84 billion, a PE ratio of 17.37 and a beta of 1.60. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $471.34.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.2%. Micron Technology’s payout ratio is presently 2.83%.

Micron Technology News Roundup

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

• Positive Sentiment: Top Wall Street analyst calls MU a “Top Pick” and highlights multi‑year AI upside, helping lift investor confidence and spark buying interest. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Positive Sentiment: Micron reported blockbuster fiscal Q2 results (record revenue) and strong guidance that underscore robust AI memory demand and margin expansion — a tangible earnings catalyst supporting higher share prices. Micron: The Selloff Didn’t Break The Setup
• Positive Sentiment: Analysts and trade write‑ups point to tight HBM (high‑bandwidth memory) supply and rising pricing power from AI data center demand — a structural revenue tailwind that investors are rewarding. Up 15%+ in Q1: 2 AI Stocks Still Flashing “Strong Buy” for Q2
• Positive Sentiment: Heavy intraday buying pushed Micron toward a large one‑day market‑cap gain, signalling broad, momentum‑driven flows into the name. Micron’s stock is seeing its biggest gain in a year, en route to a record market-cap boost
• Neutral Sentiment: Micron completed cash tender offers for certain senior notes (debt retirements), a capital‑structure action that reduces leverage but has limited immediate earnings impact. Micron Announces the Expiration of the Cash Tender Offers
• Neutral Sentiment: Citi trimmed its price target (from $510 to $425) but kept a Buy rating — a mixed signal that can temper upside while leaving institutional endorsement intact. Wall Street Tells Investors Its Less Excited About Micron Stock
• Negative Sentiment: Some analysts warn that elevated 2026–2027 capex guidance could compress free cash flow despite booming revenue, creating valuation and timing risks for returns to investors. Micron: Great Businesses Can Be Bad Trades (Rating Downgrade)
• Negative Sentiment: Concerns about AI memory‑efficiency tools (e.g., Google’s TurboQuant / DeepSeek variants) sparked a prior sell‑off and remain a headline risk if they materially reduce memory demand forecasts. Does Google’s New TurboQuant Technology Mean the Party’s Over for Micron?

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. KeyCorp lifted their target price on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. lifted their target price on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Itau BBA Securities reiterated an “outperform” rating on shares of Micron Technology in a research report on Thursday, December 18th. Finally, Phillip Securities raised Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $463.71.

Insider Buying and Selling

In other news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of the business’s 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 approximately $106,621,747.69. This represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 53,623 shares valued at $21,832,908. Company insiders own 0.24% of the company’s stock.

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.