Micron Technology, Inc. $MU Stock Holdings Decreased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its stake in Micron Technology by 7.9%, now holding approximately 9.9 million shares valued at about $859.9 million.
• Several institutional investors increased their positions in Micron, with Vanguard Group boosting its stake by 2.1% and Goldman Sachs increasing theirs by 23.8% in the first quarter.
• Research firms have set new price targets for Micron Technology, with Wedbush raising its target from $150 to $165, while the stock has a consensus rating of "Moderate Buy" with an average target price of $147.54.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,896,308 shares of the semiconductor manufacturer's stock after selling 850,972 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.89% of Micron Technology worth $859,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Micron Technology during the 1st quarter valued at about $369,191,000. Vanguard Group Inc. boosted its stake 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 valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 valued at $922,467,000 after purchasing an additional 2,038,641 shares during the period. GAMMA Investing LLC boosted its stake in Micron Technology by 10,369.6% during the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock valued at $162,783,000 after purchasing an additional 1,855,541 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $590,807,000 after purchasing an additional 1,416,174 shares during the period. Institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MU. Wedbush boosted their target price on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Erste Group Bank started coverage on shares of Micron Technology in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Susquehanna raised their price objective on shares of Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a research note on Thursday, June 26th. Cantor Fitzgerald raised their price objective on shares of Micron Technology from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology Trading Up 0.1%

NASDAQ MU opened at $131.46 on Tuesday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $132.26. 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 stock has a market cap of $147.12 billion, a price-to-earnings ratio of 23.69 and a beta of 1.47. The firm's 50 day moving average price is $118.01 and its two-hundred day moving average price is $101.90.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations 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 company posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the transaction, the director owned 20,146 shares of the company's stock, valued at $2,330,287.82. The trade was a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly 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. Insiders have sold 260,946 shares of company stock worth $31,927,244 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

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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