Triglav Investments D.O.O. Cuts Stake in Micron Technology, Inc. $MU

Triglav Investments D.O.O. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 73.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,850 shares of the semiconductor manufacturer’s stock after selling 92,796 shares during the quarter. Triglav Investments D.O.O.’s holdings in Micron Technology were worth $4,046,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kera Capital Partners Inc. bought a new position in Micron Technology during the 2nd quarter valued at about $211,000. Tcfg Wealth Management LLC bought a new position in Micron Technology during the second quarter valued at approximately $208,000. Krilogy Financial LLC boosted its holdings in Micron Technology by 21.5% in the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after purchasing an additional 4,812 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Kercheville Advisors LLC grew its position in Micron Technology by 52.1% in the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after purchasing an additional 5,926 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 271,256 shares of company stock worth $53,931,979 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

NASDAQ MU opened at $223.77 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $232.40. The stock has a market cap of $251.18 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.51 and a beta of 1.56. The company’s 50 day moving average is $169.83 and its two-hundred day moving average is $128.13.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Erste Group Bank assumed coverage on Micron Technology in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. CLSA assumed coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Finally, Piper Sandler boosted their target price on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $202.79.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.