KBC Group NV Reduces Stake in Micron Technology, Inc. $MU

KBC Group NV decreased its stake in Micron Technology, Inc. (NASDAQ:MU) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,757 shares of the semiconductor manufacturer’s stock after selling 37,607 shares during the quarter. KBC Group NV’s holdings in Micron Technology were worth $44,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its stake in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. AlphaQuest LLC boosted its position in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the period. Hilltop National Bank bought a new position in Micron Technology in the 2nd quarter worth about $37,000. Dogwood Wealth Management LLC increased its position in shares of Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 257 shares during the period. Finally, Solstein Capital LLC purchased a new position in shares of Micron Technology during the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MU shares. KeyCorp upped their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Susquehanna upped their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, Wolfe Research increased their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $205.64.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 409,756 shares of company stock worth $85,308,033 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $244.90 on Thursday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $257.07. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market cap of $274.89 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company’s 50 day moving average is $188.99 and its 200 day moving average is $137.44.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is 6.06%.

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.