Harel Insurance Investments & Financial Services Ltd. Has $8.19 Million Position in Micron Technology, Inc. $MU

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Micron Technology, Inc. (NASDAQ:MUFree Report) by 202.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,232 shares of the semiconductor manufacturer’s stock after acquiring an additional 16,232 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Micron Technology were worth $8,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the first quarter valued at about $27,000. High Note Wealth LLC boosted its holdings in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the period. Finally, Bayban acquired a new position in shares of Micron Technology during the 4th quarter worth about $29,000. Institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Summit Insights downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays upped their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. DA Davidson lifted their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a report on Monday, June 22nd. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1,268.93.

View Our Latest Research Report on MU

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,300 shares of company stock valued at $152,667,204 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

Micron Technology Trading Down 8.0%

Shares of NASDAQ:MU opened at $904.28 on Thursday. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $943.28 and its 200 day simple moving average is $594.19. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 20.47 and a beta of 2.14.

Micron Technology (NASDAQ:MUGet Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 72.94 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

About Micron Technology

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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