Generali Asset Management SPA SGR Reduces Holdings in Micron Technology, Inc. $MU

Key Points

• Generali Asset Management SPA SGR has reduced its holdings in Micron Technology by 21.6%, now owning 55,602 shares worth $6.85 million after selling 15,280 shares in the second quarter.
• Micron Technology declared a quarterly dividend of $0.115 per share, payable on October 21st, representing an annualized yield of 0.2%.
• The company reported Q4 earnings of $2.86 per share, aligning with analyst estimates, and achieved revenue of $11.32 billion, surpassing expectations of $11.05 billion.

Generali Asset Management SPA SGR decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 21.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 55,602 shares of the semiconductor manufacturer's stock after selling 15,280 shares during the period. Generali Asset Management SPA SGR's holdings in Micron Technology were worth $6,853,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Clarius Group LLC increased its stake in Micron Technology by 57.9% during the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer's stock valued at $1,237,000 after purchasing an additional 5,220 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Micron Technology during the second quarter valued at $211,000. Tcfg Wealth Management LLC purchased a new stake in shares of Micron Technology during the second quarter valued at $208,000. Krilogy Financial LLC grew its stake in Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock valued at $3,351,000 after purchasing an additional 4,812 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. increased its holdings in shares of Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock valued at $2,135,000 after purchasing an additional 1,875 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $191.94 on Thursday. The company's fifty day moving average price is $147.72 and its 200 day moving average price is $115.92. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. The company has a market capitalization of $215.45 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the company posted $1.18 EPS. The company's revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is currently 6.06%.

Analyst Ratings Changes

MU has been the topic of a number of research reports. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. UBS Group upped their price objective on shares of Micron Technology from $195.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Finally, Piper Sandler upped their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $194.57.

Insider Activity at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,956 shares of company stock valued at $22,841,025. 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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