IFM Investors Pty Ltd Trims Holdings in Micron Technology, Inc. $MU

IFM Investors Pty Ltd trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,258 shares of the semiconductor manufacturer’s stock after selling 444 shares during the quarter. IFM Investors Pty Ltd’s holdings in Micron Technology were worth $18,096,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MU. Sunbeam Capital Management LLC bought a new stake in Micron Technology during the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the 1st quarter valued at approximately $33,000. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology during the 1st quarter valued at approximately $36,000. Finally, Roxbury Financial LLC boosted its position in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 80,000 shares of the firm’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total value of $2,502,200.00. Following the sale, the executive vice president directly owned 166,353 shares in the company, valued at $20,812,423.83. This represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 268,446 shares of company stock worth $32,908,469 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $135.24 on Wednesday. The business’s fifty day simple moving average is $118.30 and its 200-day simple moving average is $102.13. The company has a market cap of $151.35 billion, a PE ratio of 24.37 and a beta of 1.47. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $138.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period in the prior year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is 8.29%.

Analyst Ratings Changes

Several research firms have weighed in on MU. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Wells Fargo & Company boosted their price target on Micron Technology from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Arete Research raised Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, KeyCorp boosted their price target on Micron Technology from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.54.

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.