Micron Technology, Inc. $MU Stock: Generali Asset Management SPA SGR Increases Position

Key Points

• Generali Asset Management increased its Micron stake by 3.3% in the third quarter to 60,420 shares valued at approximately $64.4 million. Institutional investors collectively own 80.84% of the company.
• Micron reported quarterly EPS of $33.42, exceeding estimates by $1.65, while revenue of $54.23 billion surged 379.1% year over year. Analysts maintain a broadly bullish outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,407.88.
• Company insiders sold shares worth approximately $78.5 million over the past 90 days, including sales by CEO Sanjay Mehrotra and EVP Sumit Sadana. Micron also declared a quarterly dividend of $0.15 per share, equivalent to a 0.1% yield.

Generali Asset Management SPA SGR lifted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,420 shares of the semiconductor manufacturer's stock after acquiring an additional 1,936 shares during the period. Micron Technology accounts for about 1.1% of Generali Asset Management SPA SGR's portfolio, making the stock its 18th biggest holding. Generali Asset Management SPA SGR's holdings in Micron Technology were worth $64,354,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in Micron Technology in the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE boosted its stake in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new stake in Micron Technology during the 2nd quarter valued at approximately $8,402,393,000. Finally, Wellington Management Group LLP grew its holdings in Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer's stock valued at $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 2.8%

Micron Technology stock opened at $928.76 on Wednesday. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 12.52 and a beta of 2.22. The firm's fifty day moving average is $979.69 and its 200 day moving average is $735.60. Micron Technology, Inc. has a 52-week low of $192.59 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology's revenue for the quarter was up 379.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is currently 0.81%.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock valued at $78,460,850 over the last ninety days. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MU has been the topic of several recent analyst reports. UBS Group reiterated a "buy" rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Susquehanna reiterated a "positive" rating on shares of Micron Technology in a report on Thursday, October 1st. William Blair set a $1,300.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Wedbush reissued an "outperform" rating and set a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. Finally, Citigroup increased their price objective on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,407.88.

Micron Technology News Summary

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

• Positive Sentiment: Elon Musk predicted that humanoid robots could require enormous amounts of memory, prompting analysts to frame robotics as a potentially significant long-term volume opportunity for Micron and SK hynix. Separate forecasts suggest humanoid robots could use substantially more memory by 2030. Elon Musk Says Robots Will Need More Memory
• Positive Sentiment: Bank of America reiterated its buy rating and became more constructive on memory following meetings with industry executives. The firm believes customers are increasingly securing supply through long-term agreements, supporting pricing and visibility for Micron. Bank of America Reiterates Buy on Micron
• Positive Sentiment: Micron’s recent earnings beat and record results continue to support the bullish case. Strong AI-related high-bandwidth-memory demand, tight supply, and favorable earnings expectations have led some analysts to argue that the stock remains inexpensive relative to its growth potential. Can Micron Survive a 40% Drop in Memory Prices?
• Positive Sentiment: Micron’s new employee bonus plan may help align compensation with company performance and support retention as the business expands its AI-memory capacity. Micron Unveils a New Bonus Plan

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.

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