AEGON ASSET MANAGEMENT UK Plc Has $51.48 Million Position in Micron Technology, Inc. $MU

Key Points

• AEGON ASSET MANAGEMENT UK Plc has reduced its holdings in Micron Technology by 28.9% in Q2, now owning 417,895 shares valued at $51.48 million.
• Micron reported a strong quarterly performance with $2.86 earnings per share and revenue of $11.32 billion, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.115 per share, which will be paid on October 21st, reflecting a 0.2% yield.

AEGON ASSET MANAGEMENT UK Plc reduced its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 28.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417,895 shares of the semiconductor manufacturer's stock after selling 170,211 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Micron Technology were worth $51,476,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Micron Technology during the first quarter worth $33,000. AllSquare Wealth Management LLC grew its position in Micron Technology by 100.0% in 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. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology in the first quarter valued at $36,000. Hilltop National Bank bought a new position in Micron Technology in the second quarter valued at $37,000. Finally, Saudi Central Bank bought a new position in shares of Micron Technology in the 1st quarter valued at about $38,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MU has been the subject of a number of analyst reports. Itau BBA Securities initiated coverage on shares of Micron Technology in a research report on Tuesday, October 7th. They issued an "outperform" rating and a $249.00 price objective for the company. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Wolfe Research lifted their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Wedbush lifted their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Finally, Susquehanna lifted their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $194.57.

Micron Technology Stock Performance

NASDAQ MU opened at $187.06 on Wednesday. The firm has a 50-day moving average of $146.06 and a 200-day moving average of $115.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market cap of $209.97 billion, a PE ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 1.56. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $201.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology's quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology's payout ratio is 6.06%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the sale, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. The trade was a 7.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company's stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock worth $22,841,025 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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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