B. Metzler seel. Sohn & Co. AG Has $5.65 Million Position in Micron Technology, Inc. $MU

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Micron Technology by 65.9%, acquiring 25,810 shares, bringing its total holdings to 64,984 shares worth approximately $5,646,000.
• Analysts have raised target prices for Micron Technology stock, with Mizuho setting a new target of $130.00 and JPMorgan at $185.00, reflecting strong investor confidence with an overall rating of "Moderate Buy."
• Micron Technology recently reported better-than-expected quarterly earnings, with an EPS of $1.91, exceeding estimates of $1.57, and a revenue of $9.30 billion.

B. Metzler seel. Sohn & Co. AG grew its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 65.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,984 shares of the semiconductor manufacturer's stock after buying an additional 25,810 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Micron Technology were worth $5,646,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Duquesne Family Office LLC acquired a new position in Micron Technology during the 4th quarter worth approximately $34,412,000. Janus Henderson Group PLC lifted its stake in Micron Technology by 74.6% in the fourth quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after buying an additional 1,130,680 shares during the period. Mission Wealth Management LP lifted its stake in Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after buying an additional 10,348 shares during the period. Centre Asset Management LLC acquired a new stake in Micron Technology in the first quarter valued at approximately $7,720,000. Finally, ProShare Advisors LLC grew its stake in Micron Technology by 16.9% in the fourth quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock valued at $138,945,000 after acquiring an additional 238,687 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MU. Erste Group Bank began coverage on Micron Technology in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Micron Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $150.00 price objective for the company. Susquehanna upped their target price on Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Thursday, June 26th. Finally, Robert W. Baird increased their price objective on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.54.

Insiders Place Their Bets

In related news, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction on 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 sale, the chief financial officer owned 264,036 shares of the company's stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 286,042 shares of company stock valued at $34,679,277 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Down 2.5%

Shares of MU traded down $2.99 during mid-day trading on Friday, reaching $119.01. 16,756,869 shares of the stock traded hands, compared to its average volume of 18,095,988. The firm has a market cap of $133.19 billion, a price-to-earnings ratio of 21.44 and a beta of 1.37. The stock has a fifty day simple moving average of $118.17 and a 200 day simple moving average of $100.88. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the prior year, the company posted $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 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors 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 was Monday, July 7th. Micron Technology's dividend payout ratio is presently 8.29%.

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.