Banco Santander S.A. Has $65.63 Million Holdings in Micron Technology, Inc. $MU

Key Points

• Banco Santander S.A. increased its Micron Technology stake by 174.8% in the fourth quarter, ending with 229,933 shares worth about $65.6 million.
• Micron continues to benefit from AI-driven demand for high-bandwidth memory and NAND storage, and analysts remain upbeat on its growth outlook and earnings potential.
• Wall Street has turned more bullish on the stock, with several firms raising price targets; the consensus rating is Buy and the average target price is $737.63.

Banco Santander S.A. lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 174.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,933 shares of the semiconductor manufacturer's stock after purchasing an additional 146,274 shares during the quarter. Banco Santander S.A.'s holdings in Micron Technology were worth $65,625,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Heritage Trust Co raised its stake in shares of Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Generation Capital Management LLC acquired a new position in shares of Micron Technology in the third quarter valued at $238,000. Westpac Banking Corp raised its stake in shares of Micron Technology by 251.0% in the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Avanda Investment Management Pte. Ltd. acquired a new position in shares of Micron Technology in the third quarter valued at $418,000. Finally, Wellington Management Group LLP raised its stake in shares of Micron Technology by 19.9% in the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock valued at $1,196,427,000 after purchasing an additional 1,188,296 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Summary

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MU. TD Cowen upped their target price on Micron Technology from $550.00 to $660.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research report on Tuesday, May 12th. Raymond James Financial upped their price target on Micron Technology from $530.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Finally, Wells Fargo & Company upped their price target on Micron Technology from $550.00 to $1,220.00 and gave the company an "overweight" rating in a research report on Monday, June 8th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and an average target price of $737.63.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Micron Technology Price Performance

Shares of MU stock opened at $981.61 on Friday. The stock's fifty day moving average is $677.58 and its 200-day moving average is $463.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The stock has a market capitalization of $1.11 trillion, a PE ratio of 46.35 and a beta of 2.16. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,089.29.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business's revenue for the quarter was up 196 on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Equities research analysts expect that Micron Technology, Inc. will post 59.23 EPS for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio (DPR) is 2.83%.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.