Northwestern Mutual Wealth Management Co. Increases Stake in Micron Technology, Inc. $MU

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Micron Technology by 26.4%, acquiring an additional 28,262 shares to bring its total to 135,369 shares worth approximately $11.76 million by the end of the first quarter.
• A number of institutional investors also increased their positions in Micron Technology, with notable increases from brands such as The Manufacturers Life Insurance Company (up 47.2%) and Northern Trust Corp (up 13.7%), indicating strong investor confidence.
• Micron Technology has received several upgrades from analysts recently, with price targets raised by firms like Wells Fargo and UBS, reflecting a positive outlook on the company's value and performance.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,369 shares of the semiconductor manufacturer's stock after buying an additional 28,262 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Micron Technology were worth $11,762,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC increased its position in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Micron Technology by 19.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock valued at $7,214,000 after purchasing an additional 13,985 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Micron Technology by 5.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 16,139 shares of the semiconductor manufacturer's stock valued at $1,358,000 after purchasing an additional 887 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Micron Technology by 47.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,542,059 shares of the semiconductor manufacturer's stock valued at $213,940,000 after purchasing an additional 815,304 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Micron Technology by 13.7% in the 4th quarter. Northern Trust Corp now owns 10,712,056 shares of the semiconductor manufacturer's stock valued at $901,527,000 after purchasing an additional 1,287,063 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Sumit Sadana sold 92,638 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the sale, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This trade represents a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction 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 owned 275,067 shares of the company's stock, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock worth $34,679,277 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MU has been the topic of a number of recent analyst reports. Wedbush increased their price objective on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Morgan Stanley increased their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their target price on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. UBS Group upped their target price on shares of Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Citigroup upped their target price on shares of Micron Technology from $130.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $147.24.

Micron Technology Trading Down 1.1%

Shares of Micron Technology stock opened at $116.42 on Tuesday. The company has a fifty day simple moving average of $118.42 and a 200-day simple moving average of $100.30. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $129.85. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The stock has a market cap of $130.29 billion, a price-to-earnings ratio of 20.98 and a beta of 1.37.

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, topping analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during 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 quarter in the prior year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm 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 was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. Micron Technology's dividend payout ratio is currently 8.29%.

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.

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