Micron Technology, Inc. $MU Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,325 shares of the semiconductor manufacturer's stock after acquiring an additional 1,875 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Micron Technology were worth $2,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Micron Technology in the first quarter valued at about $33,000. 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 valued at $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology in the first quarter valued at about $36,000. Finally, 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 valued at $37,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 4.4%

Shares of NASDAQ MU opened at $157.23 on Monday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $158.28. The company has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm's 50-day moving average is $119.94 and its two-hundred day moving average is $103.33.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (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 company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm 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. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio is 8.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MU. CLSA began coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an "outperform" rating and a $155.00 target price on the stock. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Citigroup boosted their price objective on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday. Bank of America boosted their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Finally, Morgan Stanley boosted their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a 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 and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $151.76.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the transaction, the director owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total transaction of $1,054,350.00. Following the transaction, the chief executive officer directly owned 355,148 shares in the company, valued at $49,926,705.84. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,656 shares of company stock valued at $33,687,309. 0.30% of the stock is owned by company insiders.

About Micron Technology

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.

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