Micron Technology, Inc. $MU Shares Sold by Pictet North America Advisors SA

Key Points

• Pictet North America Advisors SA reduced its holdings in Micron Technology by 11.6%, leaving them with 53,067 shares valued at approximately $6.54 million.
• Multiple analysts have raised their price targets for Micron Technology, with Cantor Fitzgerald setting a new target of $185.00 and Wedbush increasing theirs to $200.00.
• Micron Technology reported an EPS of $1.91 for the latest quarter, beating analyst estimates and showing significant revenue growth to $9.30 billion.

Pictet North America Advisors SA cut its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,067 shares of the semiconductor manufacturer's stock after selling 6,940 shares during the quarter. Pictet North America Advisors SA's holdings in Micron Technology were worth $6,541,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mission Wealth Management LP raised its stake in Micron Technology by 195.2% during the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after purchasing an additional 10,348 shares during the period. Centre Asset Management LLC purchased a new position in Micron Technology during the first quarter worth approximately $7,720,000. Czech National Bank raised its stake in shares of Micron Technology by 6.4% in the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock valued at $22,236,000 after acquiring an additional 15,485 shares during the period. TB Alternative Assets Ltd. raised its stake in shares of Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock valued at $6,933,000 after acquiring an additional 61,288 shares during the period. Finally, Stock Yards Bank & Trust Co. purchased a new position in shares of Micron Technology in the 1st quarter valued at $228,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MU has been the topic of a number of research reports. Zacks Research raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Cantor Fitzgerald raised their target price on shares of Micron Technology from $155.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, September 15th. Wedbush lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Robert W. Baird lifted their price target on shares of Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Finally, Mizuho lifted their price target on shares of Micron Technology from $155.00 to $182.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $165.54.

Micron Technology Trading Up 1.2%

NASDAQ MU opened at $164.62 on Tuesday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $170.45. The company has a 50-day simple moving average of $124.74 and a 200-day simple moving average of $106.27. 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 firm has a market capitalization of $184.23 billion, a PE ratio of 29.66 and a beta of 1.47.

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. The business had revenue of $9.30 billion during 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 period 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, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 13,798 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $162.20, for a total value of $2,238,035.60. Following the sale, the chief executive officer directly owned 325,148 shares in the company, valued at $52,739,005.60. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology 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 completion of the transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,946 shares of company stock valued at $32,306,159 over the last quarter. Corporate insiders own 0.30% of the company's stock.

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.

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