MASTERINVEST Kapitalanlage GmbH acquired a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,368 shares of the semiconductor manufacturer’s stock, valued at approximately $4,975,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Micron Technology by 95.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 16,244 shares of the semiconductor manufacturer’s stock worth $1,411,000 after acquiring an additional 7,930 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Micron Technology during the first quarter worth approximately $629,000. Aberdeen Group plc grew its stake in shares of Micron Technology by 91.0% during the first quarter. Aberdeen Group plc now owns 880,889 shares of the semiconductor manufacturer’s stock valued at $75,056,000 after purchasing an additional 419,768 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Micron Technology by 36.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,818 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 1,566 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Insiders Place Their Bets
In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 392,352 shares of company stock worth $82,994,387. Company insiders own 0.24% of the company’s stock.
Micron Technology Stock Performance
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. 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. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on MU shares. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. HSBC started coverage on Micron Technology in a research note on Tuesday, December 9th. They set a “buy” rating and a $330.00 price target on the stock. Wolfe Research lifted their price objective on Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald upped their target price on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company raised their target price on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $236.59.
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.
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