Micron Technology, Inc. $MU is Handelsbanken Fonder AB’s 9th Largest Position

Handelsbanken Fonder AB boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 630,685 shares of the semiconductor manufacturer’s stock after acquiring an additional 37,420 shares during the quarter. Micron Technology accounts for 2.1% of Handelsbanken Fonder AB’s portfolio, making the stock its 9th biggest holding. Handelsbanken Fonder AB’s holdings in Micron Technology were worth $727,993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MU. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology during the 1st quarter valued at about $27,000. High Note Wealth LLC grew its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the period. Steigerwald Gordon & Koch Inc. increased its holdings in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Bayban bought a new position in Micron Technology in the fourth quarter worth approximately $29,000. Finally, GoalVest Advisory LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $117,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ:MU opened at $861.00 on Tuesday. The company has a market cap of $972.40 billion, a price-to-earnings ratio of 19.49 and a beta of 2.19. Micron Technology, Inc. has a 1 year low of $113.46 and a 1 year high of $1,255.00. The stock’s 50 day simple moving average is $971.54 and its two-hundred day simple moving average is $664.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

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

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th 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 Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the business’s 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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 162,179 shares of company stock valued at $167,811,861 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MU. Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. UBS Group restated a “buy” rating on shares of Micron Technology in a research report on Monday. Melius Research began coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. Susquehanna boosted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada raised their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Four research 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. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $1,260.31.

Micron Technology News Summary

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

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.