Swedbank AB Sells 220,789 Shares of Micron Technology, Inc. $MU

Swedbank AB lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,228,767 shares of the semiconductor manufacturer’s stock after selling 220,789 shares during the quarter. Swedbank AB’s holdings in Micron Technology were worth $280,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mission Wealth Management LP boosted its stake in Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock worth $1,360,000 after purchasing an additional 10,348 shares during the period. Centre Asset Management LLC bought a new position in Micron Technology in the 1st quarter worth about $7,720,000. ProShare Advisors LLC boosted its stake in Micron Technology by 16.9% in the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer’s stock worth $138,945,000 after purchasing an additional 238,687 shares during the period. Czech National Bank boosted its stake in Micron Technology by 6.4% in the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer’s stock worth $22,236,000 after purchasing an additional 15,485 shares during the period. Finally, TB Alternative Assets Ltd. boosted its stake in Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer’s stock worth $6,933,000 after purchasing an additional 61,288 shares during the period. Institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MU shares. Wedbush raised their target price on Micron Technology from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. Citigroup raised their price target on Micron Technology from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna raised their price target on Micron Technology from $150.00 to $160.00 and gave the company a “positive” rating in a report on Thursday, June 26th. Wells Fargo & Company raised their price target on Micron Technology from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, Mizuho raised their price target on Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.76.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $150.57 on Friday. The stock has a market cap of $168.51 billion, a price-to-earnings ratio of 27.13 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 1-year low of $61.54 and a 1-year high of $156.26. The stock’s 50-day moving average is $119.23 and its 200 day moving average is $102.77.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

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

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.