UniSuper Management Pty Ltd Raises Stock Position in Micron Technology, Inc. $MU

Key Points

• UniSuper Management Pty Ltd increased its holdings in Micron Technology by 75% during the first quarter, bringing the value of its stake to approximately $31.62 million.
• Several institutional investors have recently boosted their positions in Micron, with Janus Henderson Group PLC increasing its stake by 74.6% to $222.78 million.
• Micron Technology reported an earnings per share of $1.91 for the last quarter, surpassing analysts' expectations of $1.57, and had a revenue of $9.30 billion during the same period.

UniSuper Management Pty Ltd boosted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 75.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,894 shares of the semiconductor manufacturer's stock after buying an additional 155,975 shares during the quarter. UniSuper Management Pty Ltd's holdings in Micron Technology were worth $31,619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its position in Micron Technology by 74.6% in the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after buying an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP grew its stake in Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after purchasing an additional 10,348 shares in the last quarter. Centre Asset Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $7,720,000. ProShare Advisors LLC lifted its position in shares of Micron Technology by 16.9% in the fourth quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock valued at $138,945,000 after buying an additional 238,687 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of Micron Technology by 6.4% in the first quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock valued at $22,236,000 after buying an additional 15,485 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling

In other news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the transaction, the director directly owned 20,146 shares in the company, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 260,946 shares of company stock valued at $31,927,244 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. Citigroup lifted their price target on Micron Technology from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. CLSA began coverage on Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price target for the company. Stifel Nicolaus lifted their price target on Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Micron Technology in a report on Monday, August 11th. Finally, TD Cowen lifted their price target on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.54.

Micron Technology Stock Performance

Shares of NASDAQ:MU traded up $0.09 during trading on Monday, hitting $131.46. 19,464,477 shares of the company were exchanged, compared to its average volume of 16,799,084. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $132.26. The company has a market cap of $147.12 billion, a PE ratio of 23.69 and a beta of 1.47. The stock has a 50 day moving average of $118.01 and a 200 day moving average of $101.90.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last 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 research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Micron Technology 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.