Groupama Asset Managment Sells 15,580 Shares of Micron Technology, Inc. $MU

Key Points

• Groupama Asset Managment trimmed its Micron stake by 1.2%, selling 15,580 shares and now holds 1,330,108 shares (about 0.12% of Micron) valued at $222.55M, making MU its 22nd-largest holding (0.8% of the fund).
• Micron posted a blowout quarter—EPS $12.20 vs $8.50 est and revenue $23.86B vs $18.9B—guided materially higher, raised its quarterly dividend to $0.15, and saw multiple analysts lift price targets into the $450–$510 range with a consensus "Buy".
• Institutional ownership is ~80.8%, insiders were net sellers last quarter (sold 73,623 shares vs 23,200 purchased), and the stock carries a market cap of about $519.7B with a 52‑week high near $471.34.

Groupama Asset Managment trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,330,108 shares of the semiconductor manufacturer's stock after selling 15,580 shares during the period. Micron Technology makes up 0.8% of Groupama Asset Managment's investment portfolio, making the stock its 22nd largest holding. Groupama Asset Managment owned 0.12% of Micron Technology worth $222,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Research Partners LLC purchased a new stake in Micron Technology in the third quarter worth approximately $189,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Micron Technology during the 3rd quarter valued at $122,000. WJ Wealth Management LLC purchased a new stake in Micron Technology during the 3rd quarter valued at $167,000. Fulcrum Asset Management LLP lifted its holdings in shares of Micron Technology by 18.1% during the 3rd quarter. Fulcrum Asset Management LLP now owns 34,070 shares of the semiconductor manufacturer's stock valued at $5,701,000 after buying an additional 5,229 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Micron Technology by 31.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 12,525 shares of the semiconductor manufacturer's stock valued at $2,096,000 after buying an additional 3,009 shares during the period. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $461.73 on Thursday. The business has a 50-day simple moving average of $398.74 and a two-hundred day simple moving average of $279.79. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The stock has a market cap of $519.68 billion, a price-to-earnings ratio of 43.89 and a beta of 1.50.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts' consensus estimates of $8.50 by $3.70. The firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business's quarterly revenue was up 196.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.15 per share. This is an increase from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology's payout ratio is presently 4.37%.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the sale, the director directly owned 19,139 shares of the company's stock, valued at $5,045,614.57. This represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Company insiders own 0.24% of the company's stock.

Key Headlines Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Blowout quarter and sky-high guidance: MU reported revenue of $23.86B and EPS of $12.20, both well above Street estimates, and management guided Q3 revenue to ~$33.5B with an ~81% gross margin outlook — this is the primary catalyst for the rally. Micron Just Smashed Estimates - Buy The Dip
• Positive Sentiment: Margin and pricing power surge: gross margins jumped into the mid-70s percent range, reflecting strong pricing and operating leverage from AI/data-center memory demand — supports higher profits and cash flow. Micron's Q4: Why This AI Super-Cycle Is Different
• Positive Sentiment: Product and capacity momentum: volume production of HBM4 and new PCIe Gen6 SSDs plus a completed Taiwan site acquisition position Micron to capture AI-driven share gains long term. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Positive Sentiment: Dividend bump and analyst upgrades: Micron raised its dividend (~30%) and several firms raised price targets (Bernstein to $510, multiple $500+ targets), reinforcing bullish analyst sentiment. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Macro backdrop — Fed/PPI and higher rates: hotter PPI and a Fed dot-plot that signals limited cuts this year add uncertainty to tech multiples and could moderate enthusiasm. New Fed "Dot Plot" Sends Markets Sliding
• Neutral Sentiment: Options positioning/volatility may mute follow-through: heavy pre-earnings positioning and gamma/vol dynamics could pin short-term price action despite strong fundamentals. Micron's Stock May Plunge Following Earnings Results
• Negative Sentiment: Large planned CapEx and spending worries: management flagged very high near‑term capital spending (tens of billions), which spooked some investors worried about cash deployment and margin sustainability. Micron's Q4: Why This AI Super-Cycle Is Different
• Negative Sentiment: Geopolitical/energy and supply constraints: reports that high spending and an attack affecting Qatar energy supplies rattled traders; separate commentary warns that power and capacity bottlenecks could limit upside and prompted pre-market/after-hours pullbacks. Micron Stock Plunges as High Spending Plans and an Attack on Qatar Energy Supplies Spook Investors

Analysts Set New Price Targets

Several analysts recently commented on MU shares. HSBC lifted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Needham & Company LLC raised their target price on Micron Technology from $380.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Wells Fargo & Company upped their price target on shares of Micron Technology from $410.00 to $470.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Sanford C. Bernstein increased their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Wedbush raised their price objective on shares of Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $400.79.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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