Norinchukin Bank The Purchases 25,814 Shares of Micron Technology, Inc. $MU

Key Points

• Norinchukin Bank increased its holdings in Micron Technology by 45.1% during the first quarter, now owning 83,114 shares valued at $7.22 million.
• Several institutional investors have recently acquired shares of Micron Technology, with 80.84% of the company's stock now held by such investors.
• Micron Technology reported earnings of $1.91 per share for the last quarter, surpassing consensus estimates and setting a guidance for EPS of 2.350-2.650 for Q4 2025.

Norinchukin Bank The lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,114 shares of the semiconductor manufacturer's stock after buying an additional 25,814 shares during the period. Norinchukin Bank The's holdings in Micron Technology were worth $7,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sunbeam Capital Management LLC acquired a new stake in Micron Technology in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology in the first quarter worth approximately $33,000. AllSquare Wealth Management LLC lifted its position 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 during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology in the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC lifted its position 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 during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 1.6%

Shares of NASDAQ MU traded up $1.89 during mid-day trading on Friday, reaching $117.68. The company had a trading volume of 16,990,488 shares, compared to its average volume of 19,126,924. 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 capitalization of $131.70 billion, a PE ratio of 21.20 and a beta of 1.37. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $129.85. The stock's 50 day moving average is $118.48 and its 200-day moving average is $100.09.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS 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 the consensus estimate 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 prior year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced 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 0.4%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MU shares. Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price on shares of Micron Technology in a research report on Monday, August 11th. Raymond James Financial upped their target price on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Citigroup increased their price objective on Micron Technology from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Micron Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $150.00 price objective for the company. Finally, Mizuho increased their price objective on Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of "Moderate Buy" and an average price target of $147.24.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock valued at $34,679,277 in the last quarter. 0.30% of the stock is currently owned by insiders.

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.