DNB Asset Management AS Has $37.40 Million Holdings in Micron Technology, Inc. $MU

DNB Asset Management AS boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,468 shares of the semiconductor manufacturer’s stock after acquiring an additional 47,868 shares during the period. DNB Asset Management AS’s holdings in Micron Technology were worth $37,402,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its position in shares of Micron Technology by 225.0% during the 2nd 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 increased 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 worth $33,000 after buying an additional 265 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology during the first quarter worth approximately $36,000. Hilltop National Bank acquired a new position in shares of Micron Technology during the second quarter worth approximately $37,000. Finally, Saudi Central Bank bought a new stake in shares of Micron Technology in the first quarter valued at approximately $38,000. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MU. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Itau BBA Securities began coverage on shares of Micron Technology in a report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective on the stock. Rosenblatt Securities increased their target price on shares of Micron Technology from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research lifted their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, Piper Sandler upped their price target on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $215.64.

Micron Technology Stock Down 10.9%

Shares of MU opened at $201.37 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $200.36 and a two-hundred day moving average price of $143.37. The stock has a market cap of $226.37 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $260.58.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer owned 446,578 shares in the company, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 409,756 shares of company stock valued at $85,308,033 in the last ninety days. Insiders own 0.30% of the company’s stock.

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.