AlTi Global Inc. Acquires Shares of 2,983 Micron Technology, Inc. $MU

Key Points

• AlTi Global Inc. recently acquired 2,983 shares of Micron Technology, Inc., valued at approximately $259,000, as part of its first-quarter investment strategy.
• Micron Technology reported earnings of $1.91 per share, surpassing analyst estimates, with revenues of $9.30 billion in the recent quarter.
• Institutional investors hold 80.84% of Micron's shares, indicating strong institutional support and confidence in the company's performance.

AlTi Global Inc. acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,983 shares of the semiconductor manufacturer's stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Micron Technology by 74.6% during the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after purchasing an additional 1,130,680 shares in the last quarter. Mission Wealth Management LP grew its stake in shares of Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after acquiring an additional 10,348 shares during the period. Centre Asset Management LLC bought a new stake in shares of Micron Technology in the first quarter worth approximately $7,720,000. ProShare Advisors LLC grew its stake in shares of Micron Technology by 16.9% in the fourth quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock worth $138,945,000 after acquiring an additional 238,687 shares during the period. Finally, Czech National Bank grew its stake in shares of Micron Technology by 6.4% in the first quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock worth $22,236,000 after acquiring an additional 15,485 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $124.21 on Friday. The firm has a 50 day moving average of $117.71 and a 200 day moving average of $101.53. 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 $139.01 billion, a price-to-earnings ratio of 22.38 and a beta of 1.47. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a dividend of $0.115 per share. 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 payout ratio is currently 8.29%.

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 that occurred on 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 transaction, the executive vice president owned 275,067 shares of the company's stock, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president directly owned 201,326 shares in the company, valued at $25,264,399.74. This represents a 31.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,884 shares of company stock valued at $32,363,889. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Micron Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target for the company. Barclays lifted their price target on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Wedbush lifted their price target on shares of Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald lifted their price target on shares of Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.54.

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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