Strs Ohio Takes Position in Micron Technology, Inc. $MU

Key Points

• Strs Ohio has acquired 663,229 shares of Micron Technology, valued at approximately $57.6 million, indicating a growing institutional interest in the semiconductor company.
• Micron Technology reported earnings of $1.91 per share for the last quarter, exceeding estimates and revealing significant revenue growth, with a guidance range for Q4 2025 set at 2.350-2.650 EPS.
• The stock has seen increased attention from analysts, with several brokerages raising their price targets, suggesting a consensus rating of "Moderate Buy" and a target price of $147.54.

Strs Ohio acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 663,229 shares of the semiconductor manufacturer's stock, valued at approximately $57,628,000. Strs Ohio owned 0.06% of Micron Technology as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mission Wealth Management LP increased its holdings in shares of Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after acquiring an additional 10,348 shares during the period. Centre Asset Management LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at $7,720,000. ProShare Advisors LLC increased its holdings in shares of Micron Technology by 16.9% in the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock valued at $138,945,000 after acquiring an additional 238,687 shares during the period. Czech National Bank increased its holdings in shares of Micron Technology by 6.4% in the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock valued at $22,236,000 after acquiring an additional 15,485 shares during the period. Finally, TB Alternative Assets Ltd. increased its holdings in shares of Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock valued at $6,933,000 after acquiring an additional 61,288 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MU has been the topic of a number of analyst reports. Barclays lifted their price target on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Erste Group Bank assumed coverage on Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating on the stock. Citigroup raised their price objective on Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group raised their price objective on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Micron Technology in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $151.76.

Micron Technology Stock Performance

MU traded up $6.66 on Friday, reaching $157.23. 32,223,879 shares of the stock were exchanged, compared to its average volume of 18,134,322. The company's 50-day moving average price is $119.94 and its 200 day moving average price is $103.21. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $158.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm has a market capitalization of $175.96 billion, a PE ratio of 28.33 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping 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 company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were given 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 payout ratio is currently 8.29%.

Insider Activity at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction dated 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 completion of the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock worth $33,962,819 in the last quarter. 0.30% of the stock is owned by insiders.

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.