TIAA Trust National Association Acquires 27,592 Shares of Micron Technology, Inc. $MU

TIAA Trust National Association increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 619.1% during the 4th quarter, Holdings Channel reports. The firm owned 32,049 shares of the semiconductor manufacturer’s stock after buying an additional 27,592 shares during the period. TIAA Trust National Association’s holdings in Micron Technology were worth $9,147,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MU. Cerity Partners LLC boosted its position in Micron Technology by 5.5% during the 4th quarter. Cerity Partners LLC now owns 220,275 shares of the semiconductor manufacturer’s stock valued at $62,876,000 after acquiring an additional 11,448 shares in the last quarter. LeClair Wealth Partners LLC bought a new stake in Micron Technology during the 4th quarter valued at approximately $259,000. Prudent Man Advisors LLC bought a new stake in Micron Technology during the 4th quarter valued at approximately $1,271,000. Erste Asset Management GmbH boosted its position in Micron Technology by 48.7% during the 4th quarter. Erste Asset Management GmbH now owns 206,159 shares of the semiconductor manufacturer’s stock valued at $60,933,000 after acquiring an additional 67,530 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Micron Technology by 16.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 165,677 shares of the semiconductor manufacturer’s stock valued at $47,286,000 after acquiring an additional 23,700 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $935.89 on Wednesday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,089.29. The firm has a market cap of $1.06 trillion, a P/E ratio of 44.19 and a beta of 2.16. The company has a 50 day moving average of $640.73 and a 200 day moving average of $449.45. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue for the quarter was up 196 on a year-over-year basis. As a group, research analysts expect that Micron Technology, Inc. will post 58.79 EPS for the current fiscal year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,000 shares of company stock valued at $85,486,715 in the last quarter. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MU. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. Raymond James Financial lifted their price objective on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Cantor Fitzgerald lifted their price objective on Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley lifted their target price on shares of Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $690.97.

Micron Technology News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550, while Cantor Fitzgerald lifted its target to $1,500, reinforcing Wall Street’s bullish view on AI-driven memory demand. Wells Fargo boosts Micron stock price target
• Positive Sentiment: Micron appointed Dr. Alexis Black Björlin to its board, adding executive experience in AI infrastructure, cloud, and semiconductors that investors may view as strategically helpful. Micron Appoints Alexis Black Björlin to Board of Directors
• Positive Sentiment: Several articles highlighted the “memory supercycle” and strong AI infrastructure demand, suggesting long-term pricing and supply conditions remain favorable for Micron’s DRAM and HBM business. MarketWatch memory supercycle article
• Neutral Sentiment: Brokerage sentiment remains strong overall, with multiple “Buy” and “Outperform” ratings and no sell ratings noted in recent coverage.
• Neutral Sentiment: Micron’s upcoming June 24 earnings report is a major catalyst; investors are watching whether the company can justify the recent rally with another strong print. What Micron Stock Needs to Kick-Start Its Rally
• Negative Sentiment: Recent trading has also been volatile, with commentary noting sharp pullbacks in memory and AI chip names as investors worry about stretched valuations and a potential sector correction. Micron And The Memory Trade Look Bulletproof
• Negative Sentiment: Several headlines warned that Micron may have run too far too fast, with some analysts arguing the stock could be vulnerable if earnings or guidance merely meet expectations instead of beating them. Up 174% Year-to-Date: 1 Major Reason to Hold Off on Micron Technology Stock at 950

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.