Financiere des Professionnels Fonds d investissement inc. Purchases Shares of 9,929 Micron Technology, Inc. $MU

Financiere des Professionnels Fonds d investissement inc. acquired a new position in Micron Technology, Inc. (NASDAQ:MUFree Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 9,929 shares of the semiconductor manufacturer’s stock, valued at approximately $1,661,000.

Several other institutional investors have also recently made changes to their positions in MU. First Command Advisory Services Inc. boosted its holdings in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Micron Technology in the second quarter worth about $30,000. AlphaQuest LLC boosted its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. WealthCollab LLC grew its position in shares of Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 270 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $37,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Micron Technology stock opened at $315.42 on Friday. The company has a fifty day simple moving average of $245.87 and a 200-day simple moving average of $177.29. The firm has a market capitalization of $355.01 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 0.20 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $315.60.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the business posted $1.79 earnings per share. Micron Technology’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 4.37%.

Wall Street Analyst Weigh In

MU has been the topic of a number of recent analyst reports. Cantor Fitzgerald increased their price target on Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Citigroup increased their target price on Micron Technology from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Sanford C. Bernstein boosted their price target on shares of Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Finally, KeyCorp set a $350.00 target price on shares of Micron Technology in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $284.24.

View Our Latest Analysis on MU

Trending Headlines about Micron Technology

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Insider Transactions at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. This represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 349,163 shares of company stock valued at $77,822,318. 0.24% of the stock is currently owned by company insiders.

Micron Technology Company Profile

(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.

Further Reading

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

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