Alta Advisers Ltd purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,375 shares of the semiconductor manufacturer's stock, valued at approximately $5,050,000. Micron Technology comprises about 1.1% of Alta Advisers Ltd's holdings, making the stock its 13th largest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Daiichi Life Insurance Co. Ltd. bought a new stake in shares of Micron Technology during the 2nd quarter valued at about $69,269,000. Commerce Bank acquired a new position in Micron Technology in the second quarter valued at approximately $99,552,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Micron Technology during the second quarter valued at approximately $187,626,000. Cadence Wealth Management LLC bought a new position in shares of Micron Technology during the second quarter valued at approximately $236,000. Finally, CFO4Life Group LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $3,022,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Micron Technology Stock Performance
MU opened at $956.08 on Thursday. The business has a 50 day moving average price of $942.57 and a two-hundred day moving average price of $728.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 0.59 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $117.29 and a 1-year high of $1,255.00.
Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to analysts' expectations of $35.91 billion. During the same period last year, the firm earned $1.91 EPS. The firm's revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.
Insider Transactions at Micron Technology
In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company's stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last 90 days. 0.24% of the stock is owned by corporate insiders.
Analyst Ratings Changes
MU has been the topic of several recent research reports. Needham & Company LLC raised their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Seaport Research Partners restated a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. The Goldman Sachs Group increased their target price on Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Stifel Nicolaus raised their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada increased their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has an average rating of "Buy" and an average target price of $1,295.63.
View Our Latest Stock Report on Micron Technology
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: AI-related demand remains the primary catalyst. High-bandwidth memory (HBM) used with AI processors is in short supply, and Micron’s HBM4 capacity is reportedly sold out through 2026 under long-term customer agreements. Rising DRAM and NAND contract prices could further improve pricing power and margins. Can Micron Stock Break Out as DRAM and NAND Contract Rates Spike Over 50?
- Positive Sentiment: Industry analysts argue that AI infrastructure spending is consuming wafer capacity faster than new supply can be added, potentially extending the memory shortage through 2027. This supports bullish forecasts despite Micron’s substantial rally and recent pullback from its high. ETFs to Watch as Memory-Chip Scarcity Could Extend Through 2027
- Positive Sentiment: Netlist lost its patent-infringement appeal against Micron, reducing a potential legal overhang. Netlist Loses Patent Infringement Appeal Against Micron
- Neutral Sentiment: Appaloosa Management, led by David Tepper, reduced its Micron position by 41.4% in the second quarter while adding Taiwan Semiconductor shares for a sixth straight quarter. The filing gives no explanation, so the move may reflect portfolio allocation rather than a change in Micron’s fundamentals. David Tepper Cut Micron Position
- Negative Sentiment: Labor uncertainty remains a risk after unions representing much of Micron’s Taiwan workforce threatened a strike over bonuses and profit sharing. Reports that Micron may offer record bonuses could avert a walkout, but would increase costs. Micron Taiwan Unions Threaten Strike
- Negative Sentiment: China’s CXMT is advancing domestic HBM and LPDDR6 production, raising longer-term competition and geopolitical risks. Nvidia’s planned investment in additional supply and capacity also suggests today’s extreme memory pricing may eventually attract more industry supply.
About Micron Technology
(
Free Report)
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.
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