Micron Technology, Inc. $MU Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Micron Technology, Inc. by 10.4%, now holding 2,513,732 shares valued at approximately $218 million.
• Multiple analysts have upgraded their price targets for Micron stock, with estimates ranging from $130 to $200, while the consensus rating remains at "Moderate Buy."
• Insider transactions saw significant sell-offs, with insiders selling over 264,884 shares valued around $32 million in the last quarter.

Amundi cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,513,732 shares of the semiconductor manufacturer's stock after selling 290,720 shares during the quarter. Amundi owned 0.22% of Micron Technology worth $218,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Nuveen LLC bought a new stake in Micron Technology during the first quarter worth $369,191,000. Vanguard Group Inc. raised its stake in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after buying an additional 2,038,641 shares during the last quarter. GAMMA Investing LLC increased its holdings in Micron Technology by 10,369.6% during the first quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock worth $162,783,000 after buying an additional 1,855,541 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after acquiring an additional 1,416,174 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 5.8%

MU traded up $7.16 during trading on Friday, hitting $131.37. 28,358,729 shares of the company's stock traded hands, compared to its average volume of 16,826,394. The stock has a market capitalization of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. The company's 50 day simple moving average is $117.85 and its two-hundred day simple moving average is $101.68. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $131.41. 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 released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating 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 company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same period last year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price target on shares of Micron Technology in a research report on Monday, August 11th. Erste Group Bank assumed coverage on Micron Technology in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. TD Cowen upped their price target on shares of Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Morgan Stanley raised their target price on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $200.00 price objective on shares of Micron Technology in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $147.54.

Insider Buying and Selling

In related 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 owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the sale, the executive vice president directly owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. This trade represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,884 shares of company stock valued at $32,363,889 over the last 90 days. 0.30% of the stock is currently owned by insiders.

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.