Generali Asset Management SPA SGR Decreases Stock Holdings in Micron Technology, Inc. $MU

Generali Asset Management SPA SGR trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 21.6% during the second quarter, HoldingsChannel reports. The firm owned 55,602 shares of the semiconductor manufacturer’s stock after selling 15,280 shares during the period. Generali Asset Management SPA SGR’s holdings in Micron Technology were worth $6,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MU. AllSquare Wealth Management LLC lifted its position in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology during the 1st quarter worth $36,000. Hilltop National Bank purchased a new position in shares of Micron Technology during the 2nd quarter worth $37,000. Saudi Central Bank purchased a new position in Micron Technology during the first quarter worth about $38,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in Micron Technology by 91.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the sale, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock valued at $22,841,025. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MU. Barclays boosted their target price on shares of Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Mizuho lifted their price target on shares of Micron Technology from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Bank of America lifted their target price on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Itau BBA Securities initiated coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Finally, Citigroup upped their price target on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $194.57.

Micron Technology Stock Up 2.6%

Micron Technology stock opened at $191.94 on Thursday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00. The stock’s fifty day simple moving average is $147.72 and its 200-day simple moving average is $115.92. 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 firm has a market capitalization of $215.45 billion, a P/E ratio of 25.29, a P/E/G ratio of 0.41 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the business earned $1.18 EPS. Micron Technology’s 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, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

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.