Banque Transatlantique SA Has $2.09 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Banque Transatlantique SA significantly increased its stake in Micron Technology by 528.9%, acquiring 26,004 shares valued at approximately $2.08 million.
• Micron reported an earnings per share (EPS) of $1.91 for the latest quarter, exceeding analysts' estimates of $1.57 and generating a revenue of $9.30 billion.
• The company announced a quarterly dividend of $0.115 per share, representing an annualized dividend yield of 0.4%, with a payout ratio of 8.29%.

Banque Transatlantique SA grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 528.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,004 shares of the semiconductor manufacturer's stock after purchasing an additional 21,869 shares during the period. Banque Transatlantique SA's holdings in Micron Technology were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new position in shares of Micron Technology during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the first quarter worth about $33,000. Roxbury Financial LLC boosted its holdings 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 worth $37,000 after buying an additional 300 shares during the period. AllSquare Wealth Management LLC boosted its holdings 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 worth $35,000 after buying an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the first quarter worth about $36,000. Institutional investors own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,884 shares of company stock valued at $32,363,889. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Up 5.8%

Shares of NASDAQ MU traded up $7.16 during mid-day trading on Friday, reaching $131.37. The company had a trading volume of 28,358,729 shares, compared to its average volume of 16,826,394. The stock has a fifty day moving average of $117.85 and a two-hundred day moving average of $101.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The company has a market capitalization of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $131.41.

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

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MU shares. Stifel Nicolaus raised their target price on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Susquehanna raised their target price on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 target price for the company. Cantor Fitzgerald raised their target price on shares of Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wall Street Zen raised shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.54.

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.