Mn Services Vermogensbeheer B.V. Raises Holdings in Micron Technology, Inc. $MU

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Micron Technology by 2.6%, owning 417,800 shares valued at approximately $51.5 million as of the latest SEC filing.
• Insider selling occurred as both Director Mary Pat McCarthy and EVP Manish H. Bhatia reduced their shareholdings, with Bhatia selling 80,000 shares totaling nearly $9.9 million.
• Micron's stock is currently priced at $159.99 with a market cap of $179.05 billion and strong earnings results, including an EPS of $1.91 exceeding analysts' expectations.

Mn Services Vermogensbeheer B.V. increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 417,800 shares of the semiconductor manufacturer's stock after buying an additional 10,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Micron Technology were worth $51,494,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new stake in Micron Technology in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the first quarter worth approximately $33,000. AllSquare Wealth Management LLC increased its holdings in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology in the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC increased its holdings in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insiders Place Their Bets

In related news, EVP Manish H. Bhatia sold 80,000 shares of the firm's 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 sale, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 7,319 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $158.29, for a total value of $1,158,524.51. Following the sale, the chief executive officer directly owned 340,148 shares of the company's stock, valued at $53,842,026.92. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,946 shares of company stock worth $34,242,567. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Down 3.6%

Shares of NASDAQ MU traded down $6.16 during mid-day trading on Friday, hitting $162.73. 37,222,841 shares of the stock traded hands, compared to its average volume of 19,869,376. The stock has a fifty day moving average price of $123.82 and a 200-day moving average price of $105.66. The company has a market cap of $182.12 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $170.45. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter in the prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on MU shares. Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of Micron Technology in a report on Monday, August 11th. KeyCorp upped their price target on Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. KGI Securities downgraded Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Susquehanna upped their price target on Micron Technology from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday. Finally, Piper Sandler upped their price target on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two 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, the company has an average rating of "Moderate Buy" and a consensus price target of $163.50.

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.