Alliancebernstein L.P. Buys 338,212 Shares of Micron Technology, Inc. $MU

Key Points

• Alliancebernstein L.P. increased its stake in Micron Technology by 24.2% during the first quarter, owning approximately 1.73 million shares valued at $150.67 million.
• Insider activity included sales by EVPs Manish H. Bhatia and Sumit Sadana, selling a total of over $21 million worth of shares, representing significant decreases in their holdings.
• Micron Technology recently reported earnings of $1.91 EPS for the last quarter, exceeding estimates, with a forecasted earnings range of 2.350-2.650 EPS for Q4 2025.

Alliancebernstein L.P. raised its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 24.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,734,027 shares of the semiconductor manufacturer's stock after purchasing an additional 338,212 shares during the period. Alliancebernstein L.P. owned 0.16% of Micron Technology worth $150,670,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MU. Belmont Capital LLC acquired a new stake in shares of Micron Technology in the first quarter valued at about $565,000. Banque Transatlantique SA grew its position in Micron Technology by 528.9% during the 1st quarter. Banque Transatlantique SA now owns 26,004 shares of the semiconductor manufacturer's stock worth $2,088,000 after acquiring an additional 21,869 shares during the last quarter. Ardsley Advisory Partners LP increased its position in Micron Technology by 6.7% in the 1st quarter. Ardsley Advisory Partners LP now owns 80,000 shares of the semiconductor manufacturer's stock valued at $6,951,000 after acquiring an additional 5,000 shares in the last quarter. Advisors Asset Management Inc. raised its position in Micron Technology by 151.7% in the 1st quarter. Advisors Asset Management Inc. now owns 31,599 shares of the semiconductor manufacturer's stock worth $2,746,000 after purchasing an additional 19,045 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its stake in shares of Micron Technology by 85.4% during the first quarter. Atalanta Sosnoff Capital LLC now owns 539,999 shares of the semiconductor manufacturer's stock valued at $46,921,000 after acquiring an additional 248,716 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Trading Up 5.8%

NASDAQ MU traded up $7.16 during trading hours on Friday, hitting $131.37. 28,358,729 shares of the company's stock were exchanged, compared to its average volume of 16,826,394. The firm has a market cap of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $131.41. The stock has a 50-day simple moving average of $117.85 and a 200 day simple moving average of $101.68. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.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 firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS 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 $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.4%. Micron Technology's dividend payout ratio (DPR) is 8.29%.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,884 shares of company stock worth $32,363,889 in the last ninety days. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several analyst reports. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Micron Technology in a research report on Monday, August 11th. Mizuho raised their target price on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Morgan Stanley lifted their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft began coverage on Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 price target for the company. Finally, Piper Sandler raised their target price on shares of Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.54.

About Micron Technology

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.