Korea Investment CORP Cuts Stock Position in Micron Technology, Inc. $MU

Key Points

• Korea Investment CORP reduced its stake in Micron Technology, Inc. by 15.7%, selling 160,788 shares and now holding 864,878 shares valued at approximately $75 million.
• Micron reported earnings of $1.91 per share for the last quarter, exceeding estimates of $1.57, and achieved revenue of $9.30 billion, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.115 per share and has a strong institutional ownership, with 80.84% of the stock held by institutional investors and hedge funds.

Korea Investment CORP trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,878 shares of the semiconductor manufacturer's stock after selling 160,788 shares during the period. Korea Investment CORP owned approximately 0.08% of Micron Technology worth $75,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MU. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $33,000. AllSquare Wealth Management LLC raised its position in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $36,000. Finally, Roxbury Financial LLC raised its position in shares of Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after buying an additional 300 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Down 1.2%

Micron Technology stock traded down $1.50 during trading hours on Tuesday, hitting $122.05. The company had a trading volume of 11,435,941 shares, compared to its average volume of 19,904,896. The firm has a market cap of $136.59 billion, a P/E ratio of 21.99 and a beta of 1.37. 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, Inc. has a 1 year low of $61.54 and a 1 year high of $129.85. The company has a 50-day moving average price of $118.43 and a two-hundred day moving average price of $99.56.

Micron Technology (NASDAQ:MU - Get Free Report) last posted 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 business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This 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 286,042 shares of company stock worth $34,679,277. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Raymond James Financial upped their target price on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Piper Sandler upped their price target on shares of Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 price target on the stock. Finally, Cantor Fitzgerald upped their price target on shares of Micron Technology from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.24.

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.