Drucker Wealth 3.0 LLC Invests $263,000 in Micron Technology, Inc. $MU

Drucker Wealth 3.0 LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 920 shares of the semiconductor manufacturer’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of Micron Technology in the fourth quarter worth $31,000. Luken Investment Analytics LLC bought a new position in shares of Micron Technology in the fourth quarter worth $31,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,000 shares of company stock valued at $45,458,400 over the last three months. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MU. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. HSBC raised their target price on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Phillip Securities raised Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Melius Research began coverage on Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 target price for the company. Finally, William Blair began coverage on Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating for the company. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $478.24.

Micron Technology Trading Up 15.4%

Shares of MU stock opened at $746.33 on Friday. The stock has a 50-day simple moving average of $435.84 and a 200 day simple moving average of $348.07. Micron Technology, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $747.21. The stock has a market capitalization of $841.66 billion, a P/E ratio of 35.24 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Key Micron Technology News

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

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.