Swiss Life Asset Management Ltd Purchases 55,257 Shares of Micron Technology, Inc. $MU

Key Points

• Swiss Life Asset Management increased its Micron stake by 52% in Q3, buying 55,257 shares to hold 161,503 shares worth approximately $27.02 million.
• Micron reported record fiscal Q2 results (EPS $12.20 vs. $8.50 est.; revenue $23.86B) and issued very strong Q3 guidance driven by AI demand, triggering multiple analyst price-target lifts and a consensus "Buy" rating (average PT $400.79).
• Management raised the quarterly dividend to $0.15 (about a 30% increase) and institutional ownership stands at ~80.84%, though investors were cautioned by management's guidance of meaningfully higher capex that may pressure near‑term free cash flow.

Swiss Life Asset Management Ltd raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 52.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,503 shares of the semiconductor manufacturer's stock after buying an additional 55,257 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Micron Technology were worth $27,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Micron Technology in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology in the 3rd quarter worth about $27,000. Howard Hughes Medical Institute acquired a new stake in Micron Technology in the 2nd quarter worth about $30,000. Cullen Frost Bankers Inc. boosted its holdings in Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 88 shares during the period. Finally, WealthCollab LLC boosted its holdings in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MU. William Blair began coverage on shares of Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $360.00 price target on shares of Micron Technology in a research note on Monday, March 2nd. Morgan Stanley increased their price target on Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a research note on Thursday, January 29th. Finally, Stifel Nicolaus lifted their price objective on Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Micron Technology currently has an average rating of "Buy" and an average price target of $400.79.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $461.73 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a market cap of $519.68 billion, a PE ratio of 43.89 and a beta of 1.50. The company has a 50 day moving average of $398.74 and a 200-day moving average of $279.79. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $471.34.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.50 by $3.70. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. During the same period last year, the firm posted $1.56 earnings per share. The firm's quarterly revenue was up 196.3% compared to the same quarter last year. As a group, equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is 4.37%.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Q2 results and upside guidance — Micron reported record fiscal Q2 revenue of ~$23.9B and EPS ~ $12.20, and issued extraordinary Q3 guidance (management indicated ~ $33.5B revenue and very strong gross margins), confirming robust AI-driven demand. Wall Street Breakfast Podcast: Micron Tops, Shares Fall
• Positive Sentiment: Analyst bullishness and price-target lifts — Multiple shops hiked forecasts (Bernstein raised its PT substantially; William Blair reaffirmed/maintained a Buy), supporting a higher consensus valuation on sustained AI memory pricing power. Micron Technology: Buy Rating on Surging Demand, Pricing Power, and Strong Multi‑Year Growth Outlook
• Positive Sentiment: Dividend increase — Micron raised its quarterly payout ~30% to $0.15, signaling confidence in cash generation and returning capital to shareholders (ex-dividend March 30).
• Neutral Sentiment: Product and capacity ramp — Micron said HBM4 and PCIe Gen6 SSDs are in production and it expanded advanced DRAM capacity (positive long-term, but timing and yield ramps matter). Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Negative Sentiment: Heavier capex guidance spooks investors — management signaled “meaningfully” higher spending to meet AI demand; markets marked the stock down as higher capex raises near-term dilution of free cash flow and execution risk. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Operational/power and geopolitical risks — commentary and market notes flagged potential supply growth, data‑center power constraints and even regional energy disruptions (Qatar incident) as reasons the stock trimmed gains despite the beat. Micron stock: why attack on Qatar's energy facility is bearish for it

Insider Buying and Selling

In other news, EVP Manish H. Bhatia sold 26,623 shares of the business's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company's stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 13th. The stock was acquired at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the purchase, the director directly owned 14,310 shares of the company's stock, valued at $4,823,471.70. This represents a 428.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by company insiders.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.