AG2R LA Mondiale Gestion D Actifs purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 41,520 shares of the semiconductor manufacturer's stock, valued at approximately $3,922,000.
A number of other institutional investors have also recently bought and sold shares of MU. Brighton Jones LLC boosted its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after purchasing an additional 13,985 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Micron Technology by 0.7% in the 4th quarter. Focus Partners Wealth now owns 33,700 shares of the semiconductor manufacturer's stock valued at $2,836,000 after acquiring an additional 235 shares during the last quarter. NorthRock Partners LLC grew its position in shares of Micron Technology by 190.0% in the 4th quarter. NorthRock Partners LLC now owns 8,163 shares of the semiconductor manufacturer's stock valued at $687,000 after purchasing an additional 5,348 shares during the period. Finally, Pathstone Holdings LLC grew its position in shares of Micron Technology by 0.3% in the 4th quarter. Pathstone Holdings LLC now owns 209,326 shares of the semiconductor manufacturer's stock valued at $17,621,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.
Micron Technology Stock Performance
Shares of MU stock traded up $6.66 on Friday, hitting $157.23. 32,223,879 shares of the stock were exchanged, compared to its average volume of 18,134,322. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $158.28. The firm's 50 day moving average is $119.94 and its two-hundred day moving average is $103.25. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47.
Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter last year, the company earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.
Insiders Place Their Bets
In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares of the company's stock, valued at $33,877,251.72. The trade was a 22.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 275,946 shares of company stock worth $33,962,819. 0.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on MU shares. CLSA started coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price on the stock. Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a research report on Monday, August 11th. UBS Group lifted their target price on Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.76.
Get Our Latest Report on MU
About Micron Technology
(
Free Report)
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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