Diversified Trust Co lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 12.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,602 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,146 shares during the period. Micron Technology accounts for about 0.6% of Diversified Trust Co’s investment portfolio, making the stock its 24th biggest holding. Diversified Trust Co’s holdings in Micron Technology were worth $29,399,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Vista Capital Partners Inc. purchased a new position in Micron Technology during the 3rd quarter valued at about $2,019,000. Astra Wealth Partners LLC grew its holdings in Micron Technology by 26.7% in the third quarter. Astra Wealth Partners LLC now owns 917 shares of the semiconductor manufacturer’s stock worth $977,000 after purchasing an additional 193 shares during the period. McElhenny Sheffield Capital Management LLC grew its holdings in Micron Technology by 18.3% in the third quarter. McElhenny Sheffield Capital Management LLC now owns 550 shares of the semiconductor manufacturer’s stock worth $586,000 after purchasing an additional 85 shares during the period. Aberdeen Group plc grew its holdings in Micron Technology by 762.2% in the third quarter. Aberdeen Group plc now owns 7,084,241 shares of the semiconductor manufacturer’s stock worth $7,545,496,000 after purchasing an additional 6,262,603 shares during the period. Finally, Crystal Cove Asset Management LLC purchased a new stake in Micron Technology in the third quarter worth about $1,191,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Micron Technology
In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.
Key Headlines Impacting Micron Technology
Investors following MU have been watching these headlines:
- Positive Sentiment: Micron’s record results and strong outlook support the growth case: coverage cited roughly $61.5 billion in quarterly revenue guidance, while its latest reported quarterly sales rose about 380% year over year. AI-related demand and tight supply of high-bandwidth memory are key potential tailwinds. Micron Is Down 20% in a Month
- Positive Sentiment: ETF buying provided a modest demand signal, with 59 funds adding Micron shares and 14 selling on Wednesday, for reported net purchases of $137.7 million. ETFs Bought $137.7 Million of Micron
- Negative Sentiment: Broad chip-sector selling is the main near-term headwind. Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors and raised concerns about the AI trade’s durability, weighing on memory stocks including Micron despite its favorable outlook. Why Are Micron, SK Hynix, and SanDisk Stocks Falling?
Micron Technology Stock Performance
Shares of MU stock opened at $778.31 on Friday. The company has a market capitalization of $880.60 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology, Inc. has a one year low of $192.59 and a one year high of $1,255.00. The company’s 50-day moving average is $943.73 and its 200 day moving average is $764.29.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 174.19 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. TD Cowen reiterated a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a report on Thursday, October 1st. CLSA reissued an “outperform” rating and issued a $1,700.00 price target on shares of Micron Technology in a research report on Friday, October 2nd. Daiwa Securities Group upped their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,435.58.
Read Our Latest Stock Report on Micron Technology
Micron Technology Profile
Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.
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