1,914 Shares in Micron Technology, Inc. $MU Purchased by United Bank

Key Points

• United Bank has acquired a new position in Micron Technology, purchasing 1,914 shares valued at approximately $236,000 in the second quarter.
• Insider trading activity includes Richard M. Beyer selling 5,552 shares and April S. Arnzen selling 15,000 shares, resulting in significant decreases in their positions.
• Micron Technology has seen an increase in analyst price targets, with several firms raising their targets to between $180 and $200, reflecting positive sentiment towards the stock.

United Bank acquired a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,914 shares of the semiconductor manufacturer's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kera Capital Partners Inc. purchased a new stake in shares of Micron Technology during the 2nd quarter worth about $211,000. Tcfg Wealth Management LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth about $208,000. Krilogy Financial LLC raised its stake in shares of Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock worth $3,351,000 after purchasing an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. raised its stake in shares of Micron Technology by 12.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock worth $2,135,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC raised its stake in shares of Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer's stock worth $2,132,000 after purchasing an additional 5,926 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares of the company's stock, valued at $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock valued at $22,841,025 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MU. Susquehanna raised their price target on Micron Technology from $160.00 to $200.00 and gave the stock a "positive" rating in a research note on Wednesday, September 17th. Piper Sandler raised their price target on Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Summit Insights raised Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Bank of America increased their price objective on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, September 24th. Finally, Arete Research raised Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology has an average rating of "Buy" and an average target price of $198.32.

Micron Technology Stock Performance

MU opened at $202.38 on Friday. The firm has a market capitalization of $227.16 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56. The stock's 50 day moving average price is $151.20 and its two-hundred day moving average price is $117.50. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $206.34.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company's revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is 6.06%.

Micron Technology 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.

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