Micron Technology, Inc. $MU is X Square Capital LLC’s 7th Largest Position

X Square Capital LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,747 shares of the semiconductor manufacturer’s stock after selling 12,839 shares during the quarter. Micron Technology comprises about 2.4% of X Square Capital LLC’s portfolio, making the stock its 7th biggest position. X Square Capital LLC’s holdings in Micron Technology were worth $7,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MU. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp lifted its position in Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after acquiring an additional 285,582 shares during the last quarter. Capital International Investors boosted its stake in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares in the last quarter. Norges Bank acquired a new position in shares of Micron Technology during the fourth quarter worth $6,433,456,000. Finally, Invesco Ltd. lifted its holdings in shares of Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after purchasing an additional 708,716 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $949.28 on Tuesday. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,089.29. 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 stock has a market cap of $1.07 trillion, a PE ratio of 44.82 and a beta of 2.16. The business has a 50-day simple moving average of $629.16 and a 200-day simple moving average of $444.45.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company’s revenue was up 196 compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities analysts expect that Micron Technology, Inc. will post 58.79 EPS for the current year.

Micron Technology Increases Dividend

The business also recently disclosed 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 is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron shares are rebounding as investors buy the dip in semiconductor and memory stocks after Friday’s selloff, with the AI memory trade still viewed as strong. Why Micron stock is surging today?
• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and kept an overweight rating, reinforcing bullish sentiment. Benzinga report
• Positive Sentiment: Cantor Fitzgerald boosted its target to $1,500 from $700 and reiterated an overweight rating, suggesting more upside if memory demand stays strong. Benzinga report
• Positive Sentiment: Analysts and traders are positioning for a potentially large move around Micron’s June 24 earnings report, with options pricing implying a big swing. Micron’s Q3 Earnings on June 24
• Neutral Sentiment: Recent commentary says Micron’s rally has been driven by the broader AI/memory supercycle narrative, but some articles warn the stock has already run far and remains volatile. After Surging 918%, Is Micron Stock Still a Buy?
• Negative Sentiment: Some analysts caution that Micron and the memory trade remain vulnerable if macro conditions or AI demand expectations weaken, highlighting the stock’s cyclical risk. Is Micron Quietly Preparing for the Collapse in AI Demand?

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. The Goldman Sachs Group raised their price target on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. KeyCorp boosted their price target on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Finally, Barclays upped their price target on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $690.97.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. Insiders own 0.24% of the company’s stock.

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.