Micron Technology, Inc. $MU Shares Sold by Encompass More Asset Management

Encompass More Asset Management cut its stake in Micron Technology, Inc. (NASDAQ:MU) by 59.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,138 shares of the semiconductor manufacturer’s stock after selling 7,447 shares during the period. Encompass More Asset Management’s holdings in Micron Technology were worth $1,466,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Fire Capital Management LLC acquired a new stake in shares of Micron Technology in the fourth quarter worth approximately $556,000. LaFleur & Godfrey LLC acquired a new stake in shares of Micron Technology in the fourth quarter worth approximately $228,000. Indivisible Partners acquired a new stake in shares of Micron Technology in the fourth quarter worth approximately $289,000. Ballast Advisors LLC acquired a new stake in shares of Micron Technology in the fourth quarter worth approximately $225,000. Finally, Swedbank AB boosted its position in shares of Micron Technology by 19.9% in the fourth quarter. Swedbank AB now owns 3,573,187 shares of the semiconductor manufacturer’s stock worth $1,019,823,000 after acquiring an additional 591,865 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MU shares. Piper Sandler raised their target price on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. TD Cowen raised their target price on shares of Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. William Blair started coverage on shares of Micron Technology in a research report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Summit Insights cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $478.24.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron began shipping its industry‑leading 245TB 6600 ION data‑center SSD, strengthening its product edge in high‑capacity AI/storage markets and supporting near‑term revenue upside. Industry-Leading 245TB Micron 6600 ION Data Center SSD Now Shipping
• Positive Sentiment: Tight supply across DRAM, NAND and HBM is allowing Micron to raise prices and expand gross margins — a key fundamental driver behind the rally and stronger cash‑flow expectations. Still Time to Pay Up for Micron & Sandisk Stock?
• Positive Sentiment: Sector momentum from AI chip winners (strong AMD results, broader chip upgrades) and a memory‑stock rally (Samsung hitting major market‑cap milestones) is lifting MU alongside peers. Analyst upgrades and higher targets have amplified buying. Micron zooms past $700 billion market cap as rally in memory stocks accelerates
• Positive Sentiment: Unusual options flows (large put trades interpreted by some traders as contrarian/bullish positioning) have been cited as evidence of speculative conviction and add to short‑term liquidity. Micron Technology huge, unusual put option activity – a bullish signal as MU rises 12%
• Neutral Sentiment: Heavy social/media discussion about MU breaking key price levels and HBM sold‑out claims is amplifying momentum but also increasing intraday volatility and retail trading flow sensitivity. Micron Technology Stock (MU) Opinions on Breaking $600 Barrier
• Neutral Sentiment: Large institutional rebalancing (big additions and trims across funds) shows mixed positioning — supports liquidity but makes MU sensitive to fund flows. Quiver Quantitative institutional holdings summary
• Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline‑sensitive event that can prompt short‑term selling despite his retained large stake. SEC Filing: Insider Sale
• Negative Sentiment: Analysts and commentators warn MU is overbought (RSI in overbought territory) and flag risks: demand re‑equilibration, model efficiency reducing memory intensity, concentration of AI demand, and manufacturing constraints that could limit near‑term revenue conversion. These raise pullback risk after a sharp run. Analyst warns of a peak in Micron stock

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 104,000 shares of company stock valued at $45,458,400 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Trading Up 4.1%

Shares of MU stock opened at $666.14 on Thursday. The stock has a market cap of $751.23 billion, a price-to-earnings ratio of 31.45 and a beta of 1.91. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a fifty-two week low of $80.20 and a fifty-two week high of $667.67. The firm’s 50 day moving average price is $431.27 and its two-hundred day moving average price is $344.94.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio is presently 2.83%.

Micron Technology 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.