7,739 Shares in Micron Technology, Inc. $MU Bought by Bank of Hawaii

Key Points

• Bank of Hawaii purchased 7,739 shares of Micron Technology, Inc. valued at approximately $672,000, reflecting continued interest from institutional investors.
• Insider selling included EVP Manish H. Bhatia, who sold 80,000 shares for about $9.85 million, reducing his ownership stake by 22.53%.
• Micron Technology reported earnings of $1.91 per share for the last quarter, surpassing estimates, and set a Q4 2025 guidance between $2.350-$2.650 EPS.

Bank of Hawaii purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,739 shares of the semiconductor manufacturer's stock, valued at approximately $672,000.

A number of other large investors have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Micron Technology during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology in the first quarter valued at approximately $33,000. AllSquare Wealth Management LLC grew its stake in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology during the first quarter valued at $36,000. Finally, Roxbury Financial LLC grew its position in shares of Micron Technology by 306.1% in 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 during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the sale, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the completion of the sale, the executive vice president directly owned 148,167 shares in the company, valued at $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,042 shares of company stock worth $34,679,277. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, June 27th. KGI Securities downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Mizuho lifted their price target on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Erste Group Bank initiated coverage on Micron Technology in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Finally, UBS Group lifted their target price on shares of Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus target price of $147.24.

Micron Technology Stock Performance

NASDAQ MU opened at $117.68 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock's fifty day moving average is $118.48 and its two-hundred day moving average is $100.13. The firm has a market capitalization of $131.70 billion, a P/E ratio of 21.20 and a beta of 1.37. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the prior 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 year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology's dividend payout ratio is currently 8.29%.

Micron Technology Company 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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