IFM Investors Pty Ltd lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 3.9% in the 1st quarter, HoldingsChannel reports. The firm owned 232,573 shares of the semiconductor manufacturer’s stock after buying an additional 8,813 shares during the quarter. Micron Technology accounts for 0.7% of IFM Investors Pty Ltd’s portfolio, making the stock its 22nd biggest position. IFM Investors Pty Ltd’s holdings in Micron Technology were worth $78,572,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Rexford Capital Inc. bought a new stake in shares of Micron Technology in the first quarter valued at $80,000. Acorn Financial Advisory Services Inc. ADV purchased a new stake in Micron Technology in the 1st quarter worth about $271,000. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Micron Technology by 24.3% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,665 shares of the semiconductor manufacturer’s stock worth $563,000 after acquiring an additional 325 shares during the last quarter. Walker Asset Management LLC raised its stake in Micron Technology by 1.1% in the 1st quarter. Walker Asset Management LLC now owns 3,277 shares of the semiconductor manufacturer’s stock valued at $1,107,000 after acquiring an additional 36 shares during the period. Finally, Redwood Wealth Management Group LLC raised its stake in Micron Technology by 4.2% in the 1st quarter. Redwood Wealth Management Group LLC now owns 7,473 shares of the semiconductor manufacturer’s stock valued at $2,525,000 after acquiring an additional 300 shares during the period. Institutional investors own 80.84% of the company’s stock.
Micron Technology Price Performance
MU stock opened at $1,154.29 on Wednesday. The firm has a 50 day moving average of $844.97 and a 200-day moving average of $539.17. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The firm has a market capitalization of $1.30 trillion, a P/E ratio of 26.13 and a beta of 2.16.
Micron Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th 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%. The ex-dividend date is Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analysts and writers say Micron’s strategic customer agreements, long-term supply deals, and AI-related memory demand are reducing cyclicality and supporting higher earnings visibility. Micron: This Cycle Is Different
- Positive Sentiment: Recent coverage highlighted Micron’s record quarter, with revenue and EPS far above expectations and guidance that points to continued strength in DRAM and NAND pricing. What’s Next for Micron Stock After Best Ever Quarter
- Positive Sentiment: Wall Street sentiment remains upbeat, with multiple bullish notes and higher price targets as analysts see continued upside from AI capex and tighter memory supply. Surging Earnings Estimates Signal Upside for Micron (MU) Stock
- Neutral Sentiment: Micron announced a $250 million investment in “Trump Accounts” for children and families, which is mainly a corporate philanthropy and workforce-development story rather than a direct operating catalyst. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
- Negative Sentiment: A class-action lawsuit alleging DRAM price-fixing among Micron, Samsung, and SK Hynix is creating headline risk, even though many investors view the claims as tied to normal supply-demand dynamics. Micron and Other Memory Makers Are Being Sued Over Price Fixing Claims. This Is Nothing More Than Headline Risk for MU Stock.
- Negative Sentiment: Some traders are warning that after Micron’s huge year-to-date rally, the stock may be vulnerable to a pullback if AI enthusiasm cools or if supply growth catches up. Why Micron Technology’s Stock Could Fall After July 10
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MU shares. Melius Research started coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 target price for the company. KeyCorp upped their price target on shares of Micron Technology from $600.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Needham & Company LLC boosted their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,263.76.
Check Out Our Latest Analysis on MU
Insider Transactions at Micron Technology
In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the sale, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 146,000 shares of company stock valued at $117,926,445. 0.24% of the stock is currently owned by company insiders.
Micron Technology Company 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.
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