ARGA Investment Management LP Boosts Stock Position in Micron Technology, Inc. $MU

Key Points

• ARGA Investment Management LP increased its stake in Micron Technology by 71.1% during the second quarter, owning a total of 14,284 shares worth approximately $1.76 million.
• Several institutional investors have significantly added to their positions in Micron Technology, with Vanguard Group now owning over 101 million shares valued at nearly $8.85 billion.
• Micron recently announced an EPS of $2.86 for the last quarter, matching the consensus estimate, and has set a guidance of 3.600-3.900 EPS for Q1 2026.

ARGA Investment Management LP lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 71.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,284 shares of the semiconductor manufacturer's stock after acquiring an additional 5,934 shares during the quarter. ARGA Investment Management LP's holdings in Micron Technology were worth $1,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Micron Technology during the first quarter valued at approximately $369,191,000. Vanguard Group Inc. raised its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. bought a new position in Micron Technology in the 1st quarter worth $96,253,000. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, Director Richard M. Beyer sold 5,552 shares of Micron Technology 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 completion of the transaction, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. The trade was a 5.47% 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 19,761 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $203.12, for a total value of $4,013,854.32. Following the sale, the chief executive officer owned 469,078 shares in the company, valued at $95,279,123.36. The trade was a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,256 shares of company stock valued at $25,564,625 over the last quarter. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price objective on Micron Technology from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Wolfe Research boosted their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. KGI Securities upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Finally, KeyCorp increased their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. 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's stock. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus target price of $200.64.

Micron Technology Price Performance

MU stock opened at $206.71 on Friday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $214.75. The firm has a market capitalization of $232.02 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56. The company has a fifty day simple moving average of $157.46 and a two-hundred day simple moving average of $121.07. 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 (NASDAQ:MU - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analysts' expectations of $11.05 billion. During the same period in the prior year, the company earned $1.18 EPS. The business's revenue 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. Analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

About Micron Technology

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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