Micron Technology, Inc. $MU Shares Purchased by Cooper Financial Group

Cooper Financial Group boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 20.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,919 shares of the semiconductor manufacturer's stock after acquiring an additional 1,366 shares during the period. Micron Technology comprises approximately 0.8% of Cooper Financial Group's holdings, making the stock its 28th biggest holding. Cooper Financial Group's holdings in Micron Technology were worth $9,141,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. State Street Corp lifted its position in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after buying an additional 1,090,644 shares during the period. Norges Bank purchased a new position in Micron Technology during the fourth quarter worth about $6,433,456,000. Morgan Stanley boosted its stake in Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer's stock worth $4,679,771,000 after buying an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer's stock worth $3,040,858,000 after buying an additional 194,550 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Trading Down 1.3%

Shares of MU opened at $881.47 on Friday. The stock's 50-day moving average is $976.89 and its two-hundred day moving average is $657.02. The stock has a market cap of $995.52 billion, a PE ratio of 19.96 and a beta of 2.18. Micron Technology, Inc. has a 12 month low of $110.79 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is currently 1.36%.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron remains a favored growth stock because its fiscal third-quarter results were well above expectations, with $41.5 billion in revenue, $25.11 in adjusted EPS and revenue growth of more than 345% year over year. The company also issued strong fourth-quarter guidance. Micron & 2 Profitable Stocks Smart Investors Are Buying in August
• Positive Sentiment: AI infrastructure demand continues to support Micron’s high-bandwidth memory business. Industry commentary indicates that memory demand may exceed global supply for several years, while Micron’s 2026 HBM output is reportedly sold out and customer agreements provide additional revenue visibility. How SpaceX’s Earnings Call Turned Bullish for Memory Stocks
• Positive Sentiment: Several analysts and financial publications view MU as attractively valued after its pullback, with reported price targets materially above the current trading level. Record cash flow could also support share repurchases across the memory industry. Micron Is an Incredible Bargain Below $1,000

Analysts Set New Price Targets

A number of research analysts have recently commented on MU shares. Raymond James Financial upped their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Stifel Nicolaus raised their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Royal Bank Of Canada boosted their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. DA Davidson upped their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $1,268.93.

Insider Buying and Selling

In other news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 31,285 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the transaction, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. The trade was a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 164,179 shares of company stock valued at $169,385,921 over the last three months. Company insiders own 0.24% of the company's stock.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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