Swedbank AB Has $280.55 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Swedbank AB has reduced its stake in Micron Technology by 6.4%, selling 220,789 shares, leaving it with approximately 3.2 million shares valued at $280.5 million.
• Micron reported strong quarterly earnings of $1.91 per share, exceeding expectations by $0.34, with revenue reaching $9.3 billion, surpassing estimates of $8.83 billion.
• The company has declared a quarterly dividend of $0.115 per share, translating to an annualized dividend yield of 0.3% and a payout ratio of 8.29%.

Swedbank AB decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,228,767 shares of the semiconductor manufacturer's stock after selling 220,789 shares during the period. Swedbank AB owned approximately 0.29% of Micron Technology worth $280,548,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MU. Vanguard Group Inc. increased its holdings in shares of Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Micron Technology by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after purchasing an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock valued at $379,417,000 after buying an additional 17,970 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on Micron Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price target for the company. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Bank of America lifted their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.76.

Micron Technology Stock Performance

Shares of NASDAQ:MU traded up $6.66 during midday trading on Friday, hitting $157.23. The stock had a trading volume of 32,223,879 shares, compared to its average volume of 18,134,322. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $158.28. The stock has a 50 day moving average price of $119.94 and a two-hundred day moving average price of $103.25. The company 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 announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping 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 net margin of 18.41% and a return on equity of 13.60%. During the same quarter in the previous 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 predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This 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 available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction that occurred on 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 directly owned 264,036 shares of the company's stock, valued at $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,946 shares of company stock valued at $33,962,819 over the last ninety days. 0.30% of the stock is currently owned by corporate 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.