Comerica Bank Cuts Position in Micron Technology, Inc. $MU

Key Points

• Comerica Bank has reduced its holdings in Micron Technology by selling 8,091 shares, now owning 176,532 shares valued at approximately $15.34 million.
• Several hedge funds are actively buying into Micron, with 80.84% of the stock currently held by institutional investors.
• Micron Technology recently reported earnings per share of $1.91 for the last quarter, exceeding analysts' expectations, and has set a guidance of 2.350-2.650 EPS for Q4 2025.

Comerica Bank decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,532 shares of the semiconductor manufacturer's stock after selling 8,091 shares during the quarter. Comerica Bank's holdings in Micron Technology were worth $15,339,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new position in Micron Technology during the fourth quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology in the first quarter worth $33,000. AllSquare Wealth Management LLC raised its stake in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology in the first quarter worth $36,000. Finally, Roxbury Financial LLC raised its stake in shares of Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott J. Deboer sold 20,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares in the company, valued at $20,498,830. The trade was a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 286,042 shares of company stock worth $34,679,277 over the last three months. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. Wedbush boosted their price target on Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded Micron Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Deutsche Bank Aktiengesellschaft began coverage on Micron Technology in a research note on Thursday, July 10th. They issued a "buy" rating and a $150.00 price target for the company. Finally, Susquehanna boosted their price target on Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Thursday, June 26th. Two investment 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 given a Sell rating to the stock. According to MarketBeat, Micron Technology has an average rating of "Moderate Buy" and a consensus target price of $147.54.

Micron Technology Trading Down 2.8%

Shares of NASDAQ MU traded down $3.48 during midday trading on Friday, hitting $118.52. The company's stock had a trading volume of 11,892,521 shares, compared to its average volume of 22,608,504. 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 business's 50 day moving average is $118.26 and its two-hundred day moving average is $100.71. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The firm has a market cap of $132.64 billion, a P/E ratio of 21.42 and a beta of 1.37.

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, topping 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed 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. This represents a $0.46 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

About Micron Technology

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.