Vestmark Advisory Solutions Inc. Has $1.41 Million Position in Micron Technology, Inc. $MU

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Micron Technology by 95.4% in the first quarter, owning 16,244 shares valued at $1.41 million after acquiring an additional 7,930 shares.
• Analysts have raised price targets for Micron Technology, with KeyCorp setting a target of $160.00 and several others increasing their ratings to "overweight" or "buy."
• Micron Technology reported a quarterly earnings per share (EPS) of $1.91, exceeding estimates of $1.57, alongside a revenue of $9.30 billion, beating the consensus estimate of $8.83 billion.

Vestmark Advisory Solutions Inc. grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 95.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,244 shares of the semiconductor manufacturer's stock after buying an additional 7,930 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Micron Technology were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Capital World Investors grew its holdings in shares of Micron Technology by 63.7% during the 4th quarter. Capital World Investors now owns 41,096,391 shares of the semiconductor manufacturer's stock valued at $3,458,673,000 after purchasing an additional 15,993,036 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Micron Technology by 139.7% during the 4th quarter. Capital Research Global Investors now owns 16,281,620 shares of the semiconductor manufacturer's stock valued at $1,370,280,000 after purchasing an additional 9,489,579 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Micron Technology by 13.7% during 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. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MU has been the topic of several research reports. Mizuho lifted their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Bank of America lifted their price target 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. The Goldman Sachs Group initiated coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $130.00 price target on the stock. KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Susquehanna boosted their target price on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty 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, Micron Technology has an average rating of "Moderate Buy" and an average price target of $147.24.

Insider Transactions at Micron Technology

In other news, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares in the company, valued at approximately $20,498,830. The trade was a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at $25,264,399.74. This trade represents a 31.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 286,042 shares of company stock worth $34,679,277. Company insiders own 0.30% of the company's stock.

Micron Technology Trading Down 6.5%

MU traded down $7.9240 during trading on Wednesday, reaching $114.1260. 10,528,286 shares of the company's stock were exchanged, compared to its average volume of 22,896,178. Micron Technology, Inc. has a one year low of $61.54 and a one year 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 capitalization of $127.72 billion, a PE ratio of 20.51 and a beta of 1.37. The firm has a fifty day moving average price of $118.43 and a two-hundred day moving average price of $99.56.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its 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. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same period 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, equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.4%. Micron Technology's payout ratio is 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.