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Tag: Micron Technology

  • EULAV Asset Management Sells 5,000 Shares of Micron Technology, Inc. $MU

    EULAV Asset Management trimmed its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 9.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 50,000 shares of the semiconductor manufacturer’s stock after selling 5,000 shares during the period. EULAV Asset Management’s holdings in Micron Technology were worth $8,366,000 as of its most recent SEC filing.

    Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. American Capital Advisory LLC boosted its stake in shares of Micron Technology by 20.4% in the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares during the last quarter. Teamwork Financial Advisors LLC lifted its holdings in Micron Technology by 0.4% during the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after acquiring an additional 53 shares during the period. Blue Trust Inc. boosted its position in Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock worth $1,779,000 after purchasing an additional 53 shares during the last quarter. Lodestone Wealth Management LLC grew its stake in Micron Technology by 3.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after purchasing an additional 53 shares during the period. Finally, Allen Capital Group LLC grew its stake in Micron Technology by 1.2% in the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

    Micron Technology News Summary

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

    • Positive Sentiment: RBC Capital initiated coverage with an “Outperform” rating and a $425 price target, signaling fresh institutional support that can drive demand from fund managers. RBC Capital initiates coverage
    • Positive Sentiment: Multiple firms raised price targets this morning (Cantor Fitzgerald to $450, Wells Fargo to $410, Citi to $385), reinforcing a bullish consensus and suggesting upside to current estimates. (See Benzinga/TickerReport coverage for the individual notes.) Analyst price target raises
    • Positive Sentiment: MarketBeat highlights Micron’s aggressive HBM (high-bandwidth memory) ramp and booked-out capacity into 2026–2027 — a fundamental driver of revenue and margin upside as AI data-center demand remains tight. Micron: Accelerating HBM Ramp Extends Growth Into 2027
    • Positive Sentiment: Insider buying: Director Teyin M. Liu purchased 11,600 shares (~$3.9M) at ~ $337 — a strong signal of management confidence that tends to be viewed favorably by investors. SEC filing: insider purchase
    • Neutral Sentiment: Sector commentary (Zacks, others) keeps Micron among top semiconductor/AI picks, supporting demand but also placing MU in a widely owned thematic trade — which can amplify volatility. 4 Stocks to Watch
    • Negative Sentiment: Competition and rotation stories surface: some pieces argue NVIDIA (and other AI chip plays) could outpace Micron as the next big AI beneficiary, which can reallocate flows away from memory names. After Micron’s surge, this AI chip stock could be next
    • Negative Sentiment: Risk discussion: analytical pieces (Forbes) remind investors that MU has historically experienced sharp drawdowns (30%+ moves) and outline scenarios that could trigger large pullbacks, underscoring elevated volatility despite strong fundamentals. What Can Cause A 30% Drop In Micron Stock?
    • Negative Sentiment: Some investors/authors are taking profits after the rapid rerating, which can add selling pressure and short-term volatility even amid bullish analyst revisions. Why I’m taking profits

    Micron Technology Stock Performance

    NASDAQ MU opened at $336.63 on Friday. The firm has a market cap of $378.88 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $265.40 and its 200-day moving average is $190.13. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $351.23.

    Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the business earned $1.79 EPS. Micron Technology’s revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

    Micron Technology Dividend Announcement

    The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is 4.37%.

    Insider Buying and Selling at Micron Technology

    In other news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 318,800 shares of company stock worth $72,333,387 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

    Wall Street Analysts Forecast Growth

    A number of research firms have recently commented on MU. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Piper Sandler raised their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Raymond James Financial boosted their target price on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. UBS Group increased their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Morgan Stanley lifted their price target on shares of Micron Technology from $338.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $320.62.

    Read Our Latest Research Report on MU

    Micron Technology Company Profile

    (Free Report)

    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.

    Recommended Stories

    Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).

    Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)



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  • Why Semiconductor Stocks Were Smacked Down Today

    Why Semiconductor Stocks Were Smacked Down Today

    As the trading week came to a close, investors were feeling rather downbeat about the semiconductor industry. Many stocks in the sector had been flying high on the great promise of artificial intelligence (AI) boosting their results. However, some sour notes in recent earnings reports from major “chippies” — particularly in the guidance posted by sector king Taiwan Semiconductor Manufacturing (NYSE: TSM) — led to a fairly wide sell-off on Friday.

    Taiwan Semi, which fell by over 3%, had plenty of company. Storage chip specialist Micron Technology (NASDAQ: MU) closed the day nearly 5% down, and analog chipmaker Texas Instruments (NASDAQ: TXN) slid by over 2%.

    Uncomfortable news from Taiwan

    What happens with Taiwan Semi reverberates throughout the chip sector, as the contract manufacturer is the 800-pound gorilla of the industry these days.

    On Friday, investors were still digesting the Asian company’s first-quarter earnings release published on Thursday. While revenue rose at double-digit rates and headline net income zoomed almost 9% higher — both topping the consensus analyst estimates, by the way — the company’s guidance was a touch worrying.

    Management pointed out that there is weakness in the formerly powerful global smartphone market, a dynamic that threatens to weaken future growth for the industry. Yes, AI is certain to be the rising tide that lifts all boats, but upside is limited if smartphones weigh down those watercraft.

    Another not-so-positive development occurred with Super Micro Computer, a semiconductor industry supplier widely expected to be a major beneficiary of the AI revolution. The company has apparently elected not to preannounce its latest quarterly earnings release, which has been something of a habit for it lately. Market players are speculating this is because the figures won’t look so hot.

    Given the trailing growth posted by many chip companies and the feverish adoption of AI, more than a few analysts are expecting improvements to Supermicro’s fundamentals when it publishes those fiscal second-quarter numbers.

    Smartphones — not a shocker

    The world is still in the grip of AI fever, so ultimately the technology will keep the growth engine running for the better semiconductor companies helping to power it.

    Also, while smartphones remain go-to items for much of the world, it’s not surprising that they’re no longer sources of hot growth. Improvements to their functionalities tend to be incremental these days, and users are hanging on to models longer before upgrading. It’s not as if that segment is in any kind of free fall, or that this is a shocking development. This is likely one reason why that drop in semiconductor stocks Friday wasn’t more drastic.

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    Why Semiconductor Stocks Were Smacked Down Today was originally published by The Motley Fool

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  • How To Earn $500 A Month From Micron Stock Ahead Of Q2 Earnings Report

    How To Earn $500 A Month From Micron Stock Ahead Of Q2 Earnings Report

    Micron Technology, Inc. (NASDAQ: MU) is set to release earnings results for its second quarter, after the closing bell on Wednesday.

    Analysts expect the company to report a quarterly loss of 26 cents per share, versus a year-ago loss of $1.91 per share in the year-ago period. Micron is projected to report quarterly revenue of $5.34 billion, according to data from Benzinga Pro.

    On Tuesday, UBS analyst Timothy Arcuri maintained Micron with a Buy and raised the price target from $95 to $120, while Baird analyst Tristan Gerra maintained the stock with a Neutral and boosted the price target from $78 to $115.

    With the recent buzz around Micron, some investors may be eyeing potential gains from the company’s dividends too. As of now, Micron offers an annual dividend yield of 0.72%, which is a quarterly dividend amount of 11.5 cents per share (46 cents a year).

    So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

    To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $1,226,042 or around 13,043 shares. For a more modest $100 per month or $1,200 per year, you would need $245,246 or around 2,609 shares.

    Read This: Cramer Calls Datadog ‘Dynamite,’ Puts SoFi In Dog House: ‘What The Heck Is Going On’

    View more earnings on MU

    To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.46 in this case). So, $6,000 / $0.46 = 13,043 ($500 per month), and $1,200 / $0.46 = 2,609 shares ($100 per month).

    Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

    How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

    For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

    Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

    MU Price Action: Shares of Micron gained 0.2% to close at $94.00 on Tuesday.

    Read More: Around $9M Bet On Cardlytics? Check Out These 4 Stocks Insiders Are Buying

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    This article How To Earn $500 A Month From Micron Stock Ahead Of Q2 Earnings Report originally appeared on Benzinga.com

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Micron, Peloton, GameStop, Workday, Nike, CarMax, and More Stock Market Movers

    Micron, Peloton, GameStop, Workday, Nike, CarMax, and More Stock Market Movers

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  • Micron Sales Plunge 53%. It Is Cutting More Staff. Better Days Lie Ahead.

    Micron Sales Plunge 53%. It Is Cutting More Staff. Better Days Lie Ahead.



    Micron


    Technology shares are modestly higher in late trading Tuesday after the memory chip company posted financial results for its fiscal second quarter ended March 2 that were about in line with expectations, as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also said that as part of its cost-reduction program, it will reduce staff by about 15%—up from a previous plan to cut heads by 10%.

    But there are some promising signs for the memory chip maker.

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  • Lululemon, Intel, Carnival, Micron, Walgreens, and More Stocks to Watch This Week

    Lululemon, Intel, Carnival, Micron, Walgreens, and More Stocks to Watch This Week

    Data on the U.S. consumer and housing market, plus several notable earnings reports, will be this week’s highlights. Barring any surprises, federal financial regulators’ Congressional testimony will be the main event on the banking front.

    On Wednesday, Fed Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corp. Chairman Martin Gruenberg are scheduled to testify before the House Financial Services Committee. They’ll discuss the collapses of Silicon Valley Bank and Signature Bank and efforts to maintain confidence in the U.S. banking system.

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  • Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.

    Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.

    Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push for new rules to crack down on the internet giants. The Justice Department just can’t stop filing antitrust suits against Google. The initial public offering market is closed. Venture-capital investments are plunging, along with valuations of prepublic companies. Maybe they should try turning the whole thing on and off.

    The only strategy that seems to be working is to lay people off. Tech CEOs suddenly are channeling Marie Kondo, tidying up and keeping only the people and projects that “spark joy,” or at least support decent operating margins. Layoffs.fyi reports that tech companies have laid off more than 122,000 people already this year.

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  • Nvidia, AMD, and Lam Research Slide After Micron Disappoints

    Nvidia, AMD, and Lam Research Slide After Micron Disappoints

    Nvidia, AMD, and Lam Research Slide After Micron Disappoints

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  • This Kanpur-born Indian-origin CEO promises to invest $100 bn, create 50,000 jobs in New York

    This Kanpur-born Indian-origin CEO promises to invest $100 bn, create 50,000 jobs in New York

    Kanpur-born Indian-origin CEO of Micron Technology, Sanjay Mehrotra, has pledged an investment of $100 billion over 20-plus years and creation of thousands of jobs in New York. Mehrotra said in a LinkedIn post that he met US President Joe Biden, and showcased the future plans of his company and the creation of the largest semiconductor fabrication facility in the history of the US. 

    “Today, I was humbled to meet with President Biden, introduce him to some of the Micron team, and showcase Micron’s plans for our future megafab in Clay, New York. This $100B investment over the next two decades will create the largest semiconductor fabrication facility in the history of the United States,” he said in the post. 

    Mehrotra said in the post that their company will create 50,000 jobs in New York and will partner with local colleges, universities and community organisation to build the workforce. He said that they aim to make New York the hub of leading-edge semiconductor manufacturing. 

    US President Joe Biden meets CEO of Micron Technology Sanjay Mehrotra

    The fabs, part of Micron’s manufacturing network, will create memory chips that can be used in the most demanding applications worldwide. “Clay, New York will be able to say with pride that they are home to some of the most advanced semiconductor facilities anywhere in the world. We are proud to drive a vision for high-tech manufacturing leadership here in America,” he said. 

    The company further stated in a release that it will invest $250 million in the Green CHIPS Community Investment Fund, with an additional $100 million invested from New York, with $150 million from local, other state and national partners. “To secure US leadership in semiconductor manufacturing, cultivate American innovation and ensure economic and national security, it is imperative we come together to build and transform a workforce for the future. Our commitments through the Community Investment Framework represent the first foundational steps toward Central New York’s transformation,” said Mehrotra on President Biden’s visit. 

    New York Governor Kathy Hochul said that the project’s $500 million community fund will sustain the region in the long term with investments in workforce, housing, and infrastructure. 

    Micron Technology is a Nasdaq-listed company that focuses on innovative memory and storage solutions. 

    Micron’s founder Sanjay Mehrotra was born in Kanpur, and completed his schooling from Delhi’s Sardar Patel Vidyalaya. He moved to the US at the age of 18, transferring from BITS Pilani to University of California, Berkeley. He earned his BA and MA degrees in Electrical Engineering and Computer Science from University of California. Mehrotra then enrolled in Stanford University for an executive business degree. He was awarded an honorary doctorate by Boise State University. Mehrotra also holds around 70 patents. 

    Also read: ‘My family fasted for 9 days’: Vedanta’s Anil Agarwal reveals the Duratube tale

    Also read: ‘Wicked sense of humour’: Raghuram Rajan gives a feel of Nobel Prize winner Douglas Diamond’s personality

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  • Micron Posts Weak Results as Memory Demand Softens

    Micron Posts Weak Results as Memory Demand Softens



    Micron Technology


    shares are under renewed pressure after the memory chip company posted weak results and provided softer-than-expected financial forecasts.

    The anemic quarterly results, reported after the close of trading on Thursday, were no real surprise. Micron had ratcheted down expectations amid weak demand from personal-computer manufacturers and other customers, reflecting softening consumer spending. But even with the market braced for bad numbers, the severity of the expected downturn flagged in management’s earnings guidance still managed to surprise the Street.

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