NFJ Investment Group LLC Makes New $1.31 Million Investment in Micron Technology, Inc. $MU

Key Points

• NFJ Investment Group LLC purchased 15,097 shares of Micron Technology, Inc. valued at approximately $1.31 million in the first quarter, indicating strong institutional interest in the semiconductor manufacturer.
• Analysts have set a consensus target price of $147.54 for Micron, with multiple firms increasing their price objectives, underlining a bullish outlook for the stock.
• Micron Technology recently reported earnings of $1.91 per share, exceeding analysts' expectations, and also declared a quarterly dividend of $0.115, reflecting the company's ongoing profitability.

NFJ Investment Group LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,097 shares of the semiconductor manufacturer's stock, valued at approximately $1,312,000.

Several other hedge funds and other institutional investors have also modified their holdings of MU. Brighton Jones LLC lifted its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after acquiring an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after acquiring an additional 13,985 shares in the last quarter. Captrust Financial Advisors lifted its position in Micron Technology by 18.8% during the 4th quarter. Captrust Financial Advisors now owns 39,810 shares of the semiconductor manufacturer's stock worth $3,350,000 after acquiring an additional 6,306 shares in the last quarter. Cetera Investment Advisers lifted its position in Micron Technology by 1.2% during the 4th quarter. Cetera Investment Advisers now owns 232,234 shares of the semiconductor manufacturer's stock worth $19,545,000 after acquiring an additional 2,641 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Micron Technology by 18.0% during the 4th quarter. Deutsche Bank AG now owns 3,663,370 shares of the semiconductor manufacturer's stock worth $308,309,000 after acquiring an additional 559,081 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $7.16 during trading on Friday, reaching $131.37. The stock had a trading volume of 28,358,729 shares, compared to its average volume of 16,799,084. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $131.41. 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 $147.02 billion, a PE ratio of 23.67 and a beta of 1.47. The firm's 50 day moving average price is $117.85 and its two-hundred day moving average price is $101.67.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Insiders Place Their Bets

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director directly owned 20,146 shares in the company, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.49, for a total value of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,884 shares of company stock worth $32,363,889. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MU shares. KGI Securities lowered Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Raymond James Financial boosted their price target on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. 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. JPMorgan Chase & Co. lifted their price objective on Micron Technology from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Finally, Wedbush lifted their price objective on Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.54.

About Micron Technology

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.