Micron Technology, Inc. $MU Shares Bought by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Micron Technology by 8.1% in Q1, owning 374,167 shares valued at approximately $32.5 million.
• Micron's recent earnings exceeded analysts' expectations with an EPS of $1.91, alongside a revenue of $9.3 billion for the quarter.
• The company announced a quarterly dividend of $0.115 per share, reflecting an annualized yield of 0.4%.

Nissay Asset Management Corp Japan ADV raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 374,167 shares of the semiconductor manufacturer's stock after buying an additional 28,045 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Micron Technology were worth $32,511,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. D.B. Root & Company LLC boosted its position in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock worth $262,000 after purchasing an additional 108 shares in the last quarter. Orca Wealth Management LLC boosted its position in shares of Micron Technology by 1.5% during the 1st quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer's stock worth $737,000 after purchasing an additional 129 shares in the last quarter. Sunpointe LLC boosted its position in shares of Micron Technology by 4.0% during the 1st quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 131 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Micron Technology by 2.1% during the 1st quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer's stock worth $570,000 after purchasing an additional 138 shares in the last quarter. Finally, Allen Capital Group LLC boosted its position in shares of Micron Technology by 3.2% during the 1st quarter. Allen Capital Group LLC now owns 4,460 shares of the semiconductor manufacturer's stock worth $388,000 after purchasing an additional 139 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In related news, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president directly owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,884 shares of company stock worth $32,363,889 in the last ninety days. Company insiders own 0.30% of the company's stock.

Micron Technology Price Performance

MU stock traded up $7.16 during trading on Friday, hitting $131.37. The stock had a trading volume of 28,358,729 shares, compared to its average volume of 16,826,394. The company's 50 day moving average price is $117.85 and its two-hundred day moving average price is $101.68. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $131.41. The stock has a market cap of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results 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. 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 the consensus estimate of $8.83 billion. During the same quarter in the previous year, the company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MU shares. Piper Sandler boosted their target price on shares of Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen boosted their target price on shares of Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $150.00 price objective on the stock. Barclays boosted their price objective on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, KeyCorp boosted their price objective on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology 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.