Itau Unibanco Holding S.A. Invests $10.16 Million in Micron Technology, Inc. $MU

Itau Unibanco Holding S.A. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,432 shares of the semiconductor manufacturer’s stock, valued at approximately $10,160,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Achmea Investment Management B.V. purchased a new stake in Micron Technology in the second quarter worth about $3,759,000. KLP Kapitalforvaltning AS increased its stake in shares of Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after acquiring an additional 23,600 shares in the last quarter. Cornerstone Investment Partners LLC grew its holdings in Micron Technology by 1.6% in the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after purchasing an additional 12,061 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Micron Technology by 6.4% during the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock valued at $2,848,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Tcfg Wealth Management LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $208,000. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In other news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value 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 represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent research reports. Wedbush increased their target price on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research report on Monday, October 13th. KeyCorp lifted their target price on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings upgraded shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Finally, Susquehanna increased their target price on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $209.39.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $246.83 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a market cap of $277.06 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 0.51 and a beta of 1.62. The firm has a fifty day moving average price of $193.55 and a 200 day moving average price of $139.74. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The firm 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%. Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

About Micron Technology

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.