CENTRAL TRUST Co Boosts Holdings in Micron Technology, Inc. $MU

CENTRAL TRUST Co grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,562 shares of the semiconductor manufacturer’s stock after purchasing an additional 464 shares during the period. CENTRAL TRUST Co’s holdings in Micron Technology were worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. Cora Capital Advisors LLC increased its position in shares of Micron Technology by 21.3% during the first quarter. Cora Capital Advisors LLC now owns 941 shares of the semiconductor manufacturer’s stock valued at $318,000 after buying an additional 165 shares during the period. Cache Advisors LLC bought a new stake in Micron Technology during the 1st quarter valued at approximately $657,000. Richards Merrill & Peterson Inc. grew its holdings in shares of Micron Technology by 4.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 6,273 shares of the semiconductor manufacturer’s stock worth $2,119,000 after acquiring an additional 295 shares during the period. New Covenant Trust Company N.A. grew its holdings in shares of Micron Technology by 35.1% during the 1st quarter. New Covenant Trust Company N.A. now owns 1,016 shares of the semiconductor manufacturer’s stock worth $343,000 after acquiring an additional 264 shares during the period. Finally, Vermillion Wealth Management Inc. lifted its stake in shares of Micron Technology by 45.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 338 shares of the semiconductor manufacturer’s stock valued at $114,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron said customers have committed to about $22 billion in memory-chip purchases and signed long-term strategic agreements, improving visibility and reducing concerns about the usual boom-bust cycle.
• Positive Sentiment: Analysts across Wall Street raised price targets and reiterated bullish ratings, citing strong HBM and DRAM demand, tight supply, and better-than-expected margin expansion.
• Positive Sentiment: The earnings report sparked a broader rally in semiconductor stocks globally, helping sentiment across the AI and memory space.
• Positive Sentiment: Micron’s results also reignited the argument that AI infrastructure spending is creating a multi-year shortage in memory, which could support pricing power and earnings growth.
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, which is a routine capital-return update and not a major driver of the stock move.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,000 shares of company stock worth $85,486,715 in the last 90 days. 0.24% of the stock is owned by company insiders.

Micron Technology Stock Up 15.7%

MU stock opened at $1,213.56 on Friday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.37 trillion, a PE ratio of 27.47 and a beta of 2.16. The business has a 50 day moving average of $803.70 and a 200 day moving average of $520.37.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 82.33% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 60.62 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders 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 0.0%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s payout ratio is currently 2.83%.

Analyst Upgrades and Downgrades

MU has been the topic of several research reports. Rosenblatt Securities lifted their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group increased their price objective on Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday. Finally, TD Cowen upped their target price on shares of Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1,228.30.

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.