Rakuten Investment Management Inc. Has $67.62 Million Stock Position in Micron Technology, Inc. $MU

Rakuten Investment Management Inc. increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 172.5% in the fourth quarter, Holdings Channel reports. The firm owned 229,703 shares of the semiconductor manufacturer’s stock after buying an additional 145,419 shares during the quarter. Micron Technology accounts for approximately 0.2% of Rakuten Investment Management Inc.’s holdings, making the stock its 26th biggest holding. Rakuten Investment Management Inc.’s holdings in Micron Technology were worth $67,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. High Note Wealth LLC increased its stake in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. GHP Investment Advisors Inc. raised its position in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 52 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in shares of Micron Technology in the 4th quarter valued at approximately $31,000. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value 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. The trade was a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on MU shares. Raymond James Financial increased their price target on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. DA Davidson assumed coverage on shares of Micron Technology in a research report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 price target on the stock. Citigroup boosted their target price on Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Sanford C. Bernstein boosted their target price on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Finally, Stifel Nicolaus boosted their target price on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus price target of $788.13.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,087.99 on Tuesday. The firm has a market cap of $1.23 trillion, a price-to-earnings ratio of 51.37 and a beta of 2.15. The stock’s 50-day moving average is $692.02 and its 200-day moving average is $471.28. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,097.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s quarterly revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 earnings per share. Equities analysts predict that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

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

Trending Headlines about Micron Technology

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

• Positive Sentiment: TD Cowen raised its price target on Micron to $1,500 from $660 and reiterated a buy rating, saying AI-driven memory demand could support pricing strength through 2027. Micron Rallies as TD Cowen Lifts Price Target 127% Ahead of Earnings
• Positive Sentiment: RBC also lifted its Micron target, citing a stronger memory cycle and AI demand, while other firms including Wolfe Research and Cantor Fitzgerald have recently posted bullish targets, reinforcing the optimistic Wall Street backdrop. Micron Price Target Raised at RBC on Stronger Memory Cycle, AI Demand
• Positive Sentiment: Investors are betting that AI infrastructure spending and memory shortages will keep Micron’s pricing power elevated, with multiple reports describing the stock as a beneficiary of a broader semiconductor and storage rally. Micron Stock Wins Over the Crowd Ahead of Q3 Earnings
• Neutral Sentiment: Some commentary warns that the stock is becoming stretched after a huge run, with articles highlighting overbought signals and cycle-risk concerns ahead of earnings. Micron: AI’s Memory King Still Can’t Escape The Cycle
• Negative Sentiment: Bearish takes note that Micron is already pricing in a lot of good news, and options activity suggests traders are hedging against volatility or a potential post-earnings pullback. Micron: Why Option Market Prices Key Risks Differently

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.