Swedbank AB Purchases 45,868 Shares of Micron Technology, Inc. $MU

Key Points

• Swedbank AB has increased its stake in Micron Technology by 1.4%, now owning approximately 3.27 million shares worth about $403.6 million.
• The recent quarterly earnings report showed Micron Technology beating earnings expectations with an EPS of $1.91 and revenue of $9.30 billion.
• A number of analysts have raised price targets for Micron Technology, with projections ranging from $165 to $200, reflecting a generally positive outlook on the stock.

Swedbank AB grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,274,635 shares of the semiconductor manufacturer's stock after purchasing an additional 45,868 shares during the quarter. Swedbank AB owned about 0.29% of Micron Technology worth $403,599,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after buying an additional 2,038,641 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after buying an additional 58,285 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock worth $379,417,000 after buying an additional 17,970 shares during the period. Institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 7,319 shares of Micron Technology stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $158.29, for a total transaction of $1,158,524.51. Following the sale, the chief executive officer directly owned 340,148 shares in the company, valued at $53,842,026.92. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the sale, the director owned 22,762 shares in the company, valued at $2,848,664.30. The trade was a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,946 shares of company stock worth $34,242,567. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho raised their price objective on shares of Micron Technology from $155.00 to $182.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup raised their price objective on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Bank of America raised their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. UBS Group lifted their price target on shares of Micron Technology from $155.00 to $185.00 and gave the company a "buy" rating in a research report on Monday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Micron Technology in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $161.00.

Micron Technology Stock Up 5.6%

NASDAQ:MU traded up $8.90 during trading hours on Thursday, hitting $168.89. 28,119,960 shares of the company traded hands, compared to its average volume of 19,117,484. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $123.05 and its 200-day simple moving average is $105.09. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $170.45. The company has a market cap of $189.01 billion, a PE ratio of 30.43 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same period last year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.