Candriam S.C.A. Grows Position in Micron Technology, Inc. $MU

Key Points

• Candriam S.C.A. increased its stake in Micron Technology, Inc. by 5.3%, owning over 1.1 million shares worth approximately $96.1 million as of the latest filing.
• Micron Technology reported earnings of $1.91 EPS for the last quarter, exceeding analysts' expectations, with revenue of $9.30 billion.
• The company declared a quarterly dividend of $0.115 per share, reflecting a 0.4% yield and a payout ratio of 8.29%.

Candriam S.C.A. boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,106,241 shares of the semiconductor manufacturer's stock after purchasing an additional 56,088 shares during the period. Candriam S.C.A. owned approximately 0.10% of Micron Technology worth $96,121,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Duquesne Family Office LLC purchased a new stake in shares of Micron Technology in the 4th quarter valued at $34,412,000. Janus Henderson Group PLC boosted its holdings in shares of Micron Technology by 74.6% in 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 acquiring an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after acquiring an additional 10,348 shares during the last quarter. Centre Asset Management LLC purchased a new stake in shares of Micron Technology in the 1st quarter valued at $7,720,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Micron Technology by 16.9% in the 4th 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 last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Trading Down 1.2%

Shares of MU opened at $122.05 on Wednesday. The firm has a 50-day moving average price of $118.43 and a 200 day moving average price of $99.56. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. 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 $136.59 billion, a P/E ratio of 21.99 and a beta of 1.37.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results 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 net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio is currently 8.29%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KGI Securities downgraded shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Mizuho boosted their price target on shares of Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Micron Technology in a report on Thursday, July 10th. They issued a "buy" rating and a $150.00 price target for the company. Finally, Erste Group Bank started coverage on shares of Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.24.

Insider Buying and Selling at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the sale, the director owned 22,762 shares of the company's stock, valued at $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,042 shares of company stock valued at $34,679,277. Corporate insiders own 0.30% of the company's stock.

Micron Technology 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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