Enterprise Financial Services Corp Grows Holdings in Micron Technology, Inc. $MU

Enterprise Financial Services Corp grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 390.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,177 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,121 shares during the period. Micron Technology accounts for about 0.9% of Enterprise Financial Services Corp’s investment portfolio, making the stock its 25th largest position. Enterprise Financial Services Corp’s holdings in Micron Technology were worth $1,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Prosperity Consulting Group LLC raised its position in shares of Micron Technology by 19.0% in the first quarter. Prosperity Consulting Group LLC now owns 4,618 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after buying an additional 737 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in Micron Technology by 16.7% during the first quarter. Frazier Financial Advisors LLC now owns 328 shares of the semiconductor manufacturer’s stock worth $111,000 after acquiring an additional 47 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Micron Technology during the first quarter worth approximately $37,435,000. Linden Rose Investment LLC acquired a new stake in Micron Technology during the first quarter worth approximately $6,070,000. Finally, Wealthfront Advisers LLC grew its stake in Micron Technology by 37.0% in the 1st quarter. Wealthfront Advisers LLC now owns 164,821 shares of the semiconductor manufacturer’s stock worth $55,683,000 after acquiring an additional 44,526 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on MU shares. Barclays boosted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Melius Research assumed coverage on Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 target price for the company. Finally, Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $1,268.93.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was 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 of the company’s stock, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 163,300 shares of company stock valued at $152,667,204. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $853.20 on Friday. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company has a 50 day moving average price of $947.41 and a 200 day moving average price of $598.20. The firm has a market capitalization of $963.60 billion, a price-to-earnings ratio of 19.32 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.99 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

More Micron Technology News

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

• Positive Sentiment: Micron’s AI memory demand remains strong, with analysts calling the company a key beneficiary of the AI infrastructure cycle and a proxy for continued AI spending.
• Positive Sentiment: The company signed long-term automotive supply agreements with Qualcomm, Harman and other major suppliers, improving visibility and expanding its memory business into AI-enabled vehicles. Reuters: Micron signs deals with Qualcomm, others for AI-powered automobile chip components
• Positive Sentiment: Recent earnings commentary says Micron delivered standout quarterly results, reinforcing the company’s momentum and supporting bullish analyst sentiment.
• Neutral Sentiment: Analysts remain divided on how much upside is left, with some arguing the stock is still attractive relative to a range of earnings scenarios while others warn the move has become volatile.
• Negative Sentiment: Micron is falling with the broader chip sector as investors worry about an AI trade pullback and locking in gains after a sharp run-up.
• Negative Sentiment: Rising concern over Chinese memory competition, especially CXMT’s planned large IPO, is pressuring sentiment around pricing and future market share.

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.