Hilltop National Bank Has $558,000 Stock Holdings in Micron Technology, Inc. $MU

Hilltop National Bank boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 996.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,333 shares of the semiconductor manufacturer’s stock after buying an additional 3,029 shares during the period. Hilltop National Bank’s holdings in Micron Technology were worth $558,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Teamwork Financial Advisors LLC raised its holdings in shares of 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. Peak Financial Advisors LLC boosted its stake in Micron Technology by 31.2% in the 3rd quarter. Peak Financial Advisors LLC now owns 6,357 shares of the semiconductor manufacturer’s stock worth $1,064,000 after purchasing an additional 1,511 shares during the period. Dixon Fnancial Services Inc. bought a new position in Micron Technology during the 3rd quarter worth about $215,000. RDA Financial Network raised its stake in shares of Micron Technology by 5.9% in the 3rd quarter. RDA Financial Network now owns 8,869 shares of the semiconductor manufacturer’s stock valued at $1,484,000 after purchasing an additional 493 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Micron Technology by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 13,853 shares of the semiconductor manufacturer’s stock valued at $2,572,000 after purchasing an additional 620 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 369,852 shares of company stock worth $79,364,303. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Micron Technology from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Monday, October 13th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, KeyCorp set a $350.00 target price on shares of Micron Technology in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $282.61.

Micron Technology Trading Up 10.2%

NASDAQ MU opened at $248.55 on Friday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $264.75. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $226.67 and a 200-day moving average of $163.42. The company has a market cap of $279.40 billion, a PE ratio of 23.63, a PEG ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 23.56%. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Micron Technology Company Profile

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.