Employees Retirement System of Texas Purchases New Holdings in Micron Technology, Inc. $MU

Employees Retirement System of Texas purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,200 shares of the semiconductor manufacturer’s stock, valued at approximately $3,767,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Williamson Legacy Group LLC purchased a new position in Micron Technology in the 4th quarter valued at about $1,712,000. Syverson Strege & Co raised its holdings in Micron Technology by 6.0% in the 4th quarter. Syverson Strege & Co now owns 2,154 shares of the semiconductor manufacturer’s stock valued at $615,000 after acquiring an additional 121 shares during the last quarter. Roundview Capital LLC raised its holdings in Micron Technology by 21.5% in the 4th quarter. Roundview Capital LLC now owns 18,142 shares of the semiconductor manufacturer’s stock valued at $5,178,000 after acquiring an additional 3,211 shares during the last quarter. Flputnam Investment Management Co. raised its holdings in Micron Technology by 38.8% in the 4th quarter. Flputnam Investment Management Co. now owns 122,831 shares of the semiconductor manufacturer’s stock valued at $35,057,000 after acquiring an additional 34,338 shares during the last quarter. Finally, M3 Wealth Management LLC acquired a new stake in Micron Technology in the 4th quarter valued at about $1,620,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 106,000 shares of company stock worth $47,032,460 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Stock Up 3.6%

Shares of NASDAQ MU opened at $928.41 on Thursday. The company has a 50 day simple moving average of $538.07 and a 200-day simple moving average of $402.54. The company has a market capitalization of $1.05 trillion, a P/E ratio of 43.83 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a 1 year low of $92.22 and a 1 year high of $956.16.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s revenue was up 196 compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 57.82 earnings per share for the current year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: UBS and Barclays raised their Micron price targets, with UBS setting a Street-high target of $1,625, fueling fresh buying. Benzinga report on UBS price target hike
• Positive Sentiment: Investors are betting that AI-driven shortages in DRAM and HBM memory will keep pricing power strong, supporting Micron’s earnings and margins. Reuters article on Micron joining the $1 trillion club
• Positive Sentiment: Micron’s latest earnings and guidance were extremely strong, with revenue up sharply year over year and management pointing to even higher fiscal Q3 revenue and margins. Seeking Alpha article on Micron’s AI bottleneck trade
• Positive Sentiment: The company announced its fiscal third-quarter earnings report will be released on June 24, keeping attention on another potential catalyst. Micron earnings date announcement
• Neutral Sentiment: Micron has crossed the $1 trillion market-cap milestone, a major headline that underscores the scale of the rally but also raises valuation questions. Forbes article on Micron passing $1 trillion
• Neutral Sentiment: Broader tech and chip stocks are also benefiting from the AI trade, helping support Micron’s move even as the wider market remains mixed. MarketWatch article on memory-chip rally
• Negative Sentiment: Some commentators warn the stock may be getting extended after its huge run, arguing that Micron is now priced for perfection and could be vulnerable if sentiment cools. 24/7 Wall St. cautionary article

Analyst Upgrades and Downgrades

A number of analysts have commented on MU shares. Susquehanna increased their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday, March 9th. Wedbush increased their price objective on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Mizuho set a $1,150.00 price objective on shares of Micron Technology in a report on Wednesday. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Needham & Company LLC increased their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $566.47.

About Micron Technology

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.