Swedbank AB Sells 1,246,559 Shares of Micron Technology, Inc. $MU

Swedbank AB lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 34.9% in the 1st quarter, HoldingsChannel reports. The firm owned 2,326,628 shares of the semiconductor manufacturer’s stock after selling 1,246,559 shares during the quarter. Micron Technology accounts for 0.8% of Swedbank AB’s portfolio, making the stock its 21st biggest position. Swedbank AB’s holdings in Micron Technology were worth $786,028,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MU. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the period. United Bank purchased a new position in shares of Micron Technology during the 2nd quarter valued at $236,000. Schnieders Capital Management LLC. grew its stake in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after acquiring an additional 21,619 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ:MU traded down $78.75 during midday trading on Tuesday, reaching $906.00. 23,719,435 shares of the company traded hands, compared to its average volume of 45,734,559. The firm’s fifty day moving average price is $876.93 and its two-hundred day moving average price is $554.99. The firm has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 20.57 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 187,300 shares of company stock valued at $162,779,604 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MU shares. DA Davidson boosted their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Stifel Nicolaus lifted their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Mizuho boosted their price target on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Susquehanna upped their price target on shares of 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. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,263.76.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s new long-term Ford supply agreement reinforces demand visibility and strengthens its position in automotive memory, which investors see as a growth driver. Reuters: Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Recent coverage continues to emphasize record revenue, soaring AI-driven demand, and tight memory supply, supporting the bull case for Micron Technology. Motley Fool: Micron Stock Is Down 22% From Its High
• Positive Sentiment: BofA and other bullish commentary say AI cloud spending still supports the chip cycle, helping offset some of the near-term fear. Yahoo Finance: BofA Stays Bullish on Micron
• Neutral Sentiment: Micron is moving with the broader memory complex, so the stock is being driven as much by Samsung/SK Hynix sentiment and sector volatility as by company-specific news. MarketWatch: Micron’s stock falls as investors wonder if the memory market is near the top
• Neutral Sentiment: Insider selling, including EVP April Arnzen’s share sale, adds some caution but does not change the company’s underlying growth narrative. InsiderTrades: April Arnzen Sells 40,000 Shares
• Negative Sentiment: The biggest near-term drag is a memory-chip selloff tied to Samsung earnings and fears that AI-memory valuations have run too far, which is pushing Micron lower despite solid fundamentals. TipRanks: Micron Stock Drops as Asian Selloff Revived AI-Valuation Worries

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.