UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 851,289 Shares of Micron Technology, Inc. $MU

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,847,074 shares of the semiconductor manufacturer’s stock after selling 851,289 shares during the period. Micron Technology makes up approximately 0.5% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 26th largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Micron Technology were worth $2,525,043,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Korea Investment CORP grew its stake in shares of Micron Technology by 12.2% in the 4th quarter. Korea Investment CORP now owns 1,235,923 shares of the semiconductor manufacturer’s stock valued at $352,745,000 after purchasing an additional 134,563 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Micron Technology in the 4th quarter valued at approximately $1,487,000. Banco Santander S.A. grew its stake in shares of Micron Technology by 174.8% in the 4th quarter. Banco Santander S.A. now owns 229,933 shares of the semiconductor manufacturer’s stock valued at $65,625,000 after purchasing an additional 146,274 shares during the period. Beck Capital Management LLC grew its stake in shares of Micron Technology by 13.0% in the 4th quarter. Beck Capital Management LLC now owns 26,417 shares of the semiconductor manufacturer’s stock valued at $7,540,000 after purchasing an additional 3,048 shares during the period. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Micron Technology by 43.1% in the 4th quarter. Sumitomo Life Insurance Co. now owns 13,558 shares of the semiconductor manufacturer’s stock valued at $3,870,000 after purchasing an additional 4,082 shares during the period. 80.84% of the stock is currently owned by institutional investors.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Down 1.4%

NASDAQ MU opened at $981.61 on Friday. The firm has a market cap of $1.11 trillion, a PE ratio of 46.35 and a beta of 2.16. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,089.29. The stock’s 50 day simple moving average is $677.58 and its 200 day simple moving average is $463.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same period in the prior year, the company earned $1.56 EPS. Micron Technology’s revenue for the quarter was up 196 on a year-over-year basis. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. Barclays upped their price objective on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Cantor Fitzgerald upped their price objective on Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Morgan Stanley upped their price objective on Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Mizuho upped their price objective on Micron Technology to $800.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, UBS Group upped their price objective on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $737.63.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.