2,730 Shares in Micron Technology, Inc. $MU Bought by R Squared Ltd

Key Points

• R Squared Ltd has purchased a new stake in Micron Technology, acquiring 2,730 shares valued at approximately $336,000 during the second quarter.
• A recent earnings report indicated Micron Technology reported $2.86 EPS for the quarter, matching analysts' expectations, with a revenue surge of 46.1% compared to the same period last year.
• Five analysts have rated Micron with a Strong Buy, while the stock has an average target price of $200.64.

R Squared Ltd purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,730 shares of the semiconductor manufacturer's stock, valued at approximately $336,000.

A number of other hedge funds also recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its holdings in Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer's stock valued at $645,000 after acquiring an additional 99 shares during the period. SilverOak Wealth Management LLC boosted its holdings in Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after acquiring an additional 100 shares during the period. HMS Capital Management LLC boosted its holdings in Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after acquiring an additional 107 shares during the period. D.B. Root & Company LLC boosted its holdings in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares during the period. Finally, Werlinich Asset Management LLC boosted its holdings in Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock valued at $1,317,000 after acquiring an additional 115 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Cantor Fitzgerald upped their price target on shares of Micron Technology from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Micron Technology in a research report on Tuesday, October 14th. TD Cowen upped their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, KeyCorp upped their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $200.64.

Micron Technology Stock Up 6.0%

Shares of MU opened at $219.02 on Friday. The stock has a market cap of $245.84 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 0.47 and a beta of 1.56. 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 $219.82. The company has a 50-day moving average price of $159.43 and a two-hundred day moving average price of $122.13.

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

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date was 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 currently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock worth $25,564,625 over the last quarter. Company insiders own 0.30% of the company's stock.

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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