2,075 Shares in Micron Technology, Inc. $MU Acquired by Orleans Capital Management Corp LA

Key Points

• Orleans Capital Management Corp LA opened a new Q2 position in Micron by buying 2,075 shares (about $256,000); institutional investors now own 80.84% of the stock.
• Several brokerages raised price targets on MU and the consensus rating is Buy with an average price target of $216.11 (Wells Fargo to $300, Barclays to $240).
• Micron beat Q2 estimates with EPS $3.03 vs. $2.86 and revenue $11.32B (up 46.1%), but insiders have been selling recently — CFO Mark J. Murphy sold 126,000 shares (~$28.4M) and insiders disposed of 409,756 shares in the past three months.

Orleans Capital Management Corp LA purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,075 shares of the semiconductor manufacturer's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MU. First Command Advisory Services Inc. increased its holdings in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 153 shares during the last quarter. AlphaQuest LLC lifted its holdings in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 265 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Micron Technology during the 2nd quarter worth about $37,000. Saudi Central Bank purchased a new position in shares of Micron Technology in the 1st quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC raised its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer's stock worth $44,000 after acquiring an additional 257 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MU. Wells Fargo & Company upped their price target on Micron Technology from $220.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Raymond James Financial lifted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. The Goldman Sachs Group lifted their target price on Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, October 9th. Finally, Barclays upped their target price on Micron Technology from $195.00 to $240.00 and gave the company an "overweight" rating in a research report on Monday, October 20th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has an average rating of "Buy" and an average price target of $216.11.

Insider Activity

In other Micron Technology news, 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 sale, the chief financial officer owned 219,693 shares of the company's stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares of the company's stock, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 409,756 shares of company stock worth $85,308,033 in the last three months. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Up 3.0%

MU opened at $237.10 on Friday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. The business has a 50 day moving average price of $208.12 and a two-hundred day moving average price of $149.61. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $266.53 billion, a PE ratio of 31.24, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company's revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology's dividend payout ratio is currently 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.

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