Czech National Bank Has $33.67 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• The Czech National Bank increased its stake in Micron Technology by 6.7%, owning 273,152 shares valued at approximately $33.67 million.
• Wall Street analysts have boosted their price targets for Micron Technology, with projections ranging up to $200.00 from various firms, indicating strong growth expectations.
• Micron reported an earnings per share (EPS) of $1.91 for the last quarter, exceeding estimates, and provided guidance for the upcoming quarter anticipating EPS between $2.350 to $2.650.

Czech National Bank boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,152 shares of the semiconductor manufacturer's stock after purchasing an additional 17,244 shares during the period. Czech National Bank's holdings in Micron Technology were worth $33,666,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MU. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock valued at $7,214,000 after buying an additional 13,985 shares during the last quarter. State of Wyoming lifted its position in shares of Micron Technology by 2,336.1% in the fourth quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer's stock valued at $301,000 after buying an additional 3,434 shares during the last quarter. Triglav Skladi D.O.O. acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $11,556,000. Finally, Sphera Management Technology Funds Ltd acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $2,104,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MU. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday. Mizuho raised their price objective on Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Morgan Stanley raised their price objective on Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Wedbush lifted their price target on Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Micron Technology in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $155.16.

Micron Technology Trading Up 0.3%

Shares of MU opened at $157.77 on Tuesday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $160.34. The business's fifty day moving average is $120.69 and its 200-day moving average is $103.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The firm has a market cap of $176.56 billion, a price-to-earnings ratio of 28.43 and a beta of 1.47.

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 (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 analyst estimates of $8.83 billion. During the same quarter last year, the company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's payout ratio is currently 8.29%.

Insider Buying and Selling at Micron Technology

In related news, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at $2,848,664.30. This trade represents a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,446 shares of company stock worth $33,055,075 over the last three months. 0.30% of the stock is owned by corporate 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.

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