Micron Technology, Inc. $MU Stock Holdings Lessened by The Manufacturers Life Insurance Company

by · The Cerbat Gem

The Manufacturers Life Insurance Company cut its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,010,415 shares of the semiconductor manufacturer’s stock after selling 108,108 shares during the period. The Manufacturers Life Insurance Company’s holdings in Micron Technology were worth $247,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Slate Path Capital LP bought a new position in Micron Technology in the second quarter worth about $317,751,000. Sei Investments Co. raised its position in shares of Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after purchasing an additional 21,619 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Micron Technology during the 2nd quarter valued at approximately $2,465,000. Marathon Capital Management boosted its position in Micron Technology by 11.6% during the 2nd quarter. Marathon Capital Management now owns 9,427 shares of the semiconductor manufacturer’s stock valued at $1,162,000 after purchasing an additional 977 shares during the period. Finally, Heritage Wealth Management Inc. increased its position in Micron Technology by 18.0% in the second quarter. Heritage Wealth Management Inc. now owns 3,930 shares of the semiconductor manufacturer’s stock worth $484,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MU. Mizuho boosted their price target on shares of Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Barclays upped their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Finally, Morgan Stanley raised their target price on Micron Technology to $338.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $232.28.

View Our Latest Stock Report on Micron Technology

Micron Technology Stock Performance

MU opened at $263.71 on Thursday. The business has a 50 day moving average price of $220.54 and a two-hundred day moving average price of $157.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The company has a market capitalization of $296.44 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 0.43 and a beta of 1.54. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $264.75.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the 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 sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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 Profile

(Free Report)

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.

Further Reading

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