Micron Technology, Inc. $MU Stake Boosted by Czech National Bank

by · The Cerbat Gem

Czech National Bank raised its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,235 shares of the semiconductor manufacturer’s stock after buying an additional 11,083 shares during the quarter. Czech National Bank’s holdings in Micron Technology were worth $47,558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its holdings in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Howard Hughes Medical Institute acquired a new position in Micron Technology in the 2nd quarter worth approximately $30,000. AlphaQuest LLC raised its stake in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the period. WealthCollab LLC lifted its holdings in shares of Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 270 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter worth $37,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Bank of America upped their target price on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a report on Monday, October 13th. Wells Fargo & Company upped their price objective 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. Finally, New Street Research reiterated a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $247.18.

View Our Latest Analysis on Micron Technology

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, 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 document filed with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 383,650 shares of company stock worth $81,602,339 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 3.0%

Shares of NASDAQ:MU opened at $225.52 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $253.51 billion, a PE ratio of 29.71, a P/E/G ratio of 0.34 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. The firm has a fifty day moving average price of $225.54 and a 200 day moving average price of $162.83.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the company earned $1.79 earnings per share. The business’s revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

About Micron Technology

(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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