213,755 Shares in Micron Technology, Inc. $MU Bought by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI recently acquired 213,755 shares of Micron Technology, valued at approximately $18.57 million, indicating significant interest from institutional investors in the company.
• Micron Technology reported a strong Q4 earnings per share of $1.91, exceeding analysts' expectations of $1.57, and set guidance for Q4 2025 EPS between 2.350 and 2.650.
• The company declared a quarterly dividend of $0.115 per share, with a current yield of 0.3%, reflecting its commitment to returning value to shareholders.

Zurich Insurance Group Ltd FI purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 213,755 shares of the semiconductor manufacturer's stock, valued at approximately $18,573,000.

A number of other hedge funds also recently made changes to their positions in the business. Sunbeam Capital Management LLC bought a new stake in Micron Technology in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in Micron Technology during the first quarter worth about $33,000. Roxbury Financial LLC boosted its holdings in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. AllSquare Wealth Management LLC boosted its holdings in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

Micron Technology stock opened at $135.24 on Wednesday. The stock has a 50-day simple moving average of $118.30 and a 200 day simple moving average of $102.13. The stock has a market capitalization of $151.35 billion, a price-to-earnings ratio of 24.37 and a beta of 1.47. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $138.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter last year, the company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Insider Activity

In other news, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the completion of the sale, the executive vice president owned 166,353 shares in the company, valued at $20,812,423.83. The trade was a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,446 shares of company stock worth $32,908,469. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MU shares. Morgan Stanley raised their target price on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Needham & Company LLC reiterated a "buy" rating and set a $150.00 price objective on shares of Micron Technology in a research note on Monday, August 11th. Wedbush boosted their target price on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Raymond James Financial upped their target price on shares of Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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