Micron Technology, Inc. $MU Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,824 shares of the semiconductor manufacturer’s stock after buying an additional 1,420 shares during the period. Micron Technology comprises approximately 1.1% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 18th biggest position. E. Ohman J or Asset Management AB’s holdings in Micron Technology were worth $45,968,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MU. Heritage Trust Co boosted its holdings in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares during the period. Castleark Management LLC bought a new stake in Micron Technology in the first quarter worth $3,709,000. Legacy Wealth Management LLC MS increased its holdings in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the fourth quarter valued at approximately $1,316,000. Finally, PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $61,306,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: HBM supply remains exceptionally tight. UBS said Nvidia may have reduced planned HBM4E content in its upcoming VR300 GPU because of constrained availability. The shortage could strengthen Micron’s pricing power and support a “structural reset” higher in earnings potential. Micron poised for structural reset in earnings power
• Positive Sentiment: Fundamentals and long-term demand remain strong. Recent coverage highlights Micron’s $41.46 billion in quarterly revenue and $25.11 in EPS, while strategic customer agreements could secure a significant portion of future DRAM and NAND volumes. Automotive agreements and continued AI infrastructure spending may also reduce the company’s historical earnings cyclicality. Micron Could Reclaim Its Previous Highs
• Positive Sentiment: Analyst and investor attention is focused on the KeyBanc technology forum. Micron executives’ presentation could provide updated commentary on demand, supply, pricing and guidance, with some retail investors positioning for a possible outlook increase. MU Outpaced SNDK WDC This Week

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of Micron Technology stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. The trade was a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 162,179 shares of company stock worth $167,811,861 in the last three months. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MU. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Raymond James Financial boosted their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Wells Fargo & Company upped their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,260.31.

Micron Technology Stock Down 1.9%

MU opened at $861.00 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $113.46 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm’s fifty day moving average price is $971.54 and its two-hundred day moving average price is $664.13. The company has a market capitalization of $972.40 billion, a P/E ratio of 19.49 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.

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.