6,284 Micron Technology, Inc. $MU Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.5% during the third quarter, HoldingsChannel reports. The fund owned 66,163 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,284 shares during the quarter. Micron Technology comprises 3.7% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 4th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Micron Technology were worth $70,469,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MU. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology in the 1st quarter valued at approximately $27,000. Bullseye Investment Management LLC acquired a new position in Micron Technology during the 2nd quarter worth approximately $27,000. Aventus Investment Advisors Inc. acquired a new position in Micron Technology during the 3rd quarter worth approximately $30,000. Steph & Co. purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $31,000. Finally, Montgomery Financial Services LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $38,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ:MU opened at $934.27 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $980.48 and a two-hundred day moving average price of $741.83. Micron Technology, Inc. has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a market capitalization of $1.06 trillion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the previous year, the business posted $3.03 earnings per share. The firm’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s payout ratio is currently 0.81%.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Citigroup upped their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. President Capital increased their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. UBS Group reissued a “buy” rating and issued a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $1,650.00 target price on shares of Micron Technology in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. The trade was a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock worth $78,460,850 in the last ninety days. Insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains favorable. The company has reportedly secured most of next year’s shipments through customer agreements, while multi-year take-or-pay contracts cover more than 35% of revenue through 2030 and include approximately $32 billion in customer commitments. Micron Is Trading for Less Than 6 Times Forward Earnings. Here’s Why That’s a Sign to Buy.
• Positive Sentiment: Analysts and financial commentators continue to view MU as attractively valued at fewer than six times forward earnings, with expectations for sustained growth as data-center, AI, and high-bandwidth-memory demand outpaces supply. Micron: Priced For A Peak That Keeps Moving Higher
• Positive Sentiment: Strong results from SK Hynix indicated that DRAM and HBM demand could remain ahead of supply through 2029 or 2030, supporting the industry’s pricing environment and Micron’s earnings potential. Micron Stock Rises as SK Hynix Says DRAM and HBM Are Sold Out

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.