Generali Investments Towarzystwo Funduszy Inwestycyjnych Increases Stake in Micron Technology, Inc. $MU

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych has increased its stake in Micron Technology by 15.4%, owning a total of 28,400 shares valued at approximately $3.5 million.
• Insiders at Micron Technology have sold a total of 144,256 shares valued at nearly $25.6 million over the past three months.
• Micron Technology reported $11.32 billion in revenue for the last quarter, exceeding analyst expectations, and maintained an EPS of $2.86.

Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,400 shares of the semiconductor manufacturer's stock after buying an additional 3,800 shares during the period. Micron Technology accounts for 1.8% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 18th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Micron Technology were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. AllSquare Wealth Management LLC boosted its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology during the first quarter valued at $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the 2nd quarter valued at $37,000. Saudi Central Bank purchased a new stake in shares of Micron Technology in the 1st quarter worth about $38,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Micron Technology by 91.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer's stock worth $44,000 after acquiring an additional 244 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company's stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,256 shares of company stock valued at $25,564,625 over the last three months. Insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $206.71 on Friday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $214.75. The business's fifty day simple moving average is $157.46 and its two-hundred day simple moving average is $121.07. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market cap of $232.02 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 0.44 and a beta of 1.56.

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

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MU shares. Raymond James Financial upped their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. raised their price objective on Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Wells Fargo & Company lifted their price objective on Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Finally, Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating on the stock. Five investment 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, the company has a consensus rating of "Buy" and an average target price of $200.64.

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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