Alyeska Investment Group L.P. Purchases New Position in Micron Technology, Inc. $MU

Key Points

• Alyeska Investment Group L.P. has acquired a new stake in Micron Technology, Inc., purchasing 129,093 shares valued at approximately $11.2 million during the first quarter.
• Micron Technology recently reported strong earnings, with $1.91 earnings per share, surpassing analysts' expectations of $1.57, alongside revenues of $9.30 billion for the quarter.
• The company announced a quarterly dividend of $0.115 per share, reflecting a 0.4% yield and a dividend payout ratio of 8.29%.

Alyeska Investment Group L.P. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 129,093 shares of the semiconductor manufacturer's stock, valued at approximately $11,217,000.

Other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Micron Technology during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Micron Technology in the first quarter valued at approximately $33,000. Roxbury Financial LLC increased its position in shares of Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after buying an additional 300 shares in the last quarter. AllSquare Wealth Management LLC increased its position in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology in the first quarter valued at approximately $36,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ MU opened at $124.21 on Friday. The stock's fifty day moving average is $117.71 and its two-hundred day moving average is $101.53. The firm has a market capitalization of $139.01 billion, a P/E ratio of 22.38 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $129.85.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.4%. Micron Technology's dividend payout ratio is presently 8.29%.

Analyst Ratings Changes

A number of analysts have recently commented on MU shares. CLSA started coverage on Micron Technology in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $155.00 price objective for the company. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Arete Research upgraded Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $150.00 price target on shares of Micron Technology in a research note on Monday, August 11th. Finally, Stifel Nicolaus lifted their price target on Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $147.54.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares of the company's stock, valued at $2,848,664.30. This represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the completion of the sale, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,884 shares of company stock worth $32,363,889 over the last quarter. 0.30% of the stock is currently owned by insiders.

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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