Groupe la Francaise Acquires Shares of 25,477 Micron Technology, Inc. $MU

Key Points

• Groupe la Francaise acquired 25,477 shares of Micron Technology, valued at approximately $2.32 million, indicating strong institutional interest in the semiconductor company.
• Micron Technology reported a quarterly EPS of $1.91, outperforming analysts' estimates, with revenue of $9.30 billion, reflecting robust financial performance.
• Analysts have a consensus rating of "Moderate Buy" for Micron, with an average price target of $147.24, showcasing a generally positive outlook on the company's prospects.

Groupe la Francaise acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,477 shares of the semiconductor manufacturer's stock, valued at approximately $2,322,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Micron Technology in the first quarter valued at $33,000. AllSquare Wealth Management LLC increased 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 valued at $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology in the first quarter valued at $36,000. Finally, Roxbury Financial LLC increased 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 valued at $37,000 after buying an additional 300 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on MU shares. The Goldman Sachs Group started coverage on Micron Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $130.00 target price for the company. UBS Group raised their target price on Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Morgan Stanley raised their target price on Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. KGI Securities lowered Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Finally, TD Cowen lifted their price objective on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus price target of $147.24.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the completion of the transaction, the executive vice president directly owned 148,167 shares in the company, valued at approximately $18,538,655.04. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction dated 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 of the company's stock, 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. In the last three months, insiders sold 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is owned by company insiders.

Micron Technology Price Performance

Shares of MU stock opened at $117.68 on Monday. The stock has a 50-day moving average price of $118.48 and a 200 day moving average price of $100.13. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market cap of $131.70 billion, a price-to-earnings ratio of 21.20 and a beta of 1.37. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period last year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is presently 8.29%.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.