Hilltop National Bank Buys 3,029 Shares of Micron Technology, Inc. $MU

Hilltop National Bank boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 996.4% during the third quarter, Holdings Channel reports. The institutional investor owned 3,333 shares of the semiconductor manufacturer’s stock after buying an additional 3,029 shares during the period. Hilltop National Bank’s holdings in Micron Technology were worth $558,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. First Command Advisory Services Inc. boosted its holdings in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the period. Howard Hughes Medical Institute acquired a new stake in Micron Technology during the 2nd quarter worth approximately $30,000. AlphaQuest LLC boosted its stake 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 purchasing an additional 265 shares during the period. WealthCollab LLC boosted its stake 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. Finally, Saudi Central Bank acquired a new position in Micron Technology in the 1st quarter valued at $38,000. 80.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 12th. KeyCorp set a $350.00 price target on shares of Micron Technology in a research report on Thursday. Piper Sandler boosted their price objective on shares of Micron Technology from $200.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group raised their target price on shares of Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group reiterated an “overweight” rating on shares of Micron Technology in a research report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $282.61.

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 369,852 shares of company stock worth $79,364,303 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $248.55 on Friday. The firm has a 50 day moving average of $226.67 and a 200-day moving average of $163.42. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $264.75. 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 stock has a market capitalization of $279.40 billion, a PE ratio of 23.63, a PEG ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 23.56%. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same period last year, the firm posted $1.79 earnings per share. The firm’s quarterly revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

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.