Groupama Asset Managment Lowers Holdings in Micron Technology, Inc. $MU

Groupama Asset Managment reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,330,108 shares of the semiconductor manufacturer’s stock after selling 15,580 shares during the period. Micron Technology makes up about 0.8% of Groupama Asset Managment’s holdings, making the stock its 22nd largest holding. Groupama Asset Managment’s holdings in Micron Technology were worth $222,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MU. Orleans Capital Management Corp LA bought a new position in Micron Technology during the second quarter valued at $256,000. iA Global Asset Management Inc. raised its position in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after buying an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after acquiring an additional 5,233 shares during the last quarter. Wealthspire Advisors LLC grew its position in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its stake in Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after acquiring an additional 8,489 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Citigroup increased their price target on Micron Technology from $385.00 to $430.00 and gave the company a “buy” rating in a report on Monday, March 9th. JPMorgan Chase & Co. raised their price target on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. William Blair started coverage on shares of Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, Morgan Stanley increased their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $400.79.

Micron Technology Stock Up 0.0%

Shares of MU opened at $461.73 on Thursday. The firm has a fifty day moving average price of $398.74 and a 200-day moving average price of $279.79. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $519.68 billion, a P/E ratio of 43.89 and a beta of 1.50. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $471.34.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. The company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $18.90 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm’s revenue was up 196.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology’s dividend payout ratio is 4.37%.

Insider Activity

In other news, Director Teyin M. Liu acquired 7,820 shares of Micron Technology stock in a transaction on Wednesday, January 14th. The shares were bought at an average cost of $337.50 per share, for a total transaction of $2,639,250.00. Following the acquisition, the director directly owned 25,910 shares of the company’s stock, valued at $8,744,625. This trade represents a 43.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Blowout quarter and sky-high guidance: MU reported revenue of $23.86B and EPS of $12.20, both well above Street estimates, and management guided Q3 revenue to ~$33.5B with an ~81% gross margin outlook — this is the primary catalyst for the rally. Micron Just Smashed Estimates – Buy The Dip
• Positive Sentiment: Margin and pricing power surge: gross margins jumped into the mid-70s percent range, reflecting strong pricing and operating leverage from AI/data-center memory demand — supports higher profits and cash flow. Micron’s Q4: Why This AI Super-Cycle Is Different
• Positive Sentiment: Product and capacity momentum: volume production of HBM4 and new PCIe Gen6 SSDs plus a completed Taiwan site acquisition position Micron to capture AI-driven share gains long term. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Positive Sentiment: Dividend bump and analyst upgrades: Micron raised its dividend (~30%) and several firms raised price targets (Bernstein to $510, multiple $500+ targets), reinforcing bullish analyst sentiment. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Macro backdrop — Fed/PPI and higher rates: hotter PPI and a Fed dot-plot that signals limited cuts this year add uncertainty to tech multiples and could moderate enthusiasm. New Fed “Dot Plot” Sends Markets Sliding
• Neutral Sentiment: Options positioning/volatility may mute follow-through: heavy pre-earnings positioning and gamma/vol dynamics could pin short-term price action despite strong fundamentals. Micron’s Stock May Plunge Following Earnings Results
• Negative Sentiment: Large planned CapEx and spending worries: management flagged very high near‑term capital spending (tens of billions), which spooked some investors worried about cash deployment and margin sustainability. Micron’s Q4: Why This AI Super-Cycle Is Different
• Negative Sentiment: Geopolitical/energy and supply constraints: reports that high spending and an attack affecting Qatar energy supplies rattled traders; separate commentary warns that power and capacity bottlenecks could limit upside and prompted pre-market/after-hours pullbacks. Micron Stock Plunges as High Spending Plans and an Attack on Qatar Energy Supplies Spook Investors

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.