Raiffeisen Bank International AG Has $9.87 Million Holdings in Micron Technology, Inc. $MU

Raiffeisen Bank International AG trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,576 shares of the semiconductor manufacturer’s stock after selling 15,680 shares during the period. Raiffeisen Bank International AG’s holdings in Micron Technology were worth $9,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MU. First Command Advisory Services Inc. grew its position in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the period. AlphaQuest LLC raised its holdings in Micron Technology by 13,250.0% during 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. AllSquare Wealth Management LLC lifted its stake in Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the first quarter valued at approximately $36,000. Finally, Hilltop National Bank acquired a new position in shares of Micron Technology in the second quarter valued at approximately $37,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MU shares. 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. Erste Group Bank assumed coverage on Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Piper Sandler increased their price objective on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five research 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. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $211.18.

Micron Technology Stock Performance

MU opened at $241.95 on Tuesday. The business’s 50-day simple moving average is $195.76 and its 200 day simple moving average is $141.34. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a market capitalization of $271.58 billion, a PE ratio of 31.88, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping 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 firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. The business’s quarterly revenue 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 fiscal year.

Micron Technology Dividend Announcement

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

About Micron Technology

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.