Mandatum Life Insurance Co Ltd Has $6.73 Million Stake in Micron Technology, Inc. $MU

Key Points

• Mandatum Life Insurance Co Ltd increased its stake in Micron Technology by 16.3%, acquiring an additional 7,650 shares, making it the 13th largest position in their portfolio, valued at approximately $6.73 million.
• Several hedge funds have recently entered or expanded their positions in Micron Technology, with a current institutional ownership of 80.84% of the company's stock.
• Micron Technology reported earnings of $1.91 per share for the latest quarter, exceeding analysts' expectations, with a projected earnings guidance of between $2.350 and $2.650 for Q4 2025.

Mandatum Life Insurance Co Ltd grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 16.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,631 shares of the semiconductor manufacturer's stock after purchasing an additional 7,650 shares during the period. Micron Technology makes up 1.8% of Mandatum Life Insurance Co Ltd's holdings, making the stock its 13th largest position. Mandatum Life Insurance Co Ltd's holdings in Micron Technology were worth $6,733,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after purchasing an additional 13,985 shares during the period. State of Wyoming boosted its stake in shares of Micron Technology by 2,336.1% during the 4th quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer's stock worth $301,000 after acquiring an additional 3,434 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Micron Technology by 12.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $667,000 after buying an additional 885 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Micron Technology by 14.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,324 shares of the semiconductor manufacturer's stock valued at $17,869,000 after acquiring an additional 27,316 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the transaction, the director owned 20,146 shares of the company's stock, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 7,319 shares of Micron Technology stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $158.29, for a total value of $1,158,524.51. Following the completion of the transaction, the chief executive officer directly owned 340,148 shares of the company's stock, valued at approximately $53,842,026.92. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,946 shares of company stock valued at $34,242,567 in the last three months. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the topic of several research analyst reports. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. KGI Securities lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Stifel Nicolaus boosted their target price on shares of Micron Technology from $145.00 to $173.00 and gave the company a "buy" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.58.

Micron Technology Stock Up 1.9%

Shares of MU stock traded up $3.14 during mid-day trading on Monday, reaching $165.87. 15,177,678 shares of the company's stock traded hands, compared to its average volume of 22,761,791. The company has a market cap of $185.63 billion, a P/E ratio of 29.92 and a beta of 1.47. The company's 50-day moving average price is $123.82 and its 200-day moving average price is $105.77. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $170.45. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts expect 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, July 22nd. Shareholders of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date of this dividend 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 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.