B & T Capital Management DBA Alpha Capital Management Acquires 3,202 Shares of Micron Technology, Inc. $MU

Key Points

• B & T Capital Management increased its stake in Micron Technology by 80% in Q2, acquiring an additional 3,202 shares, making the total ownership 7,203 shares valued at approximately $888,000.
• Micron Technology's stock reported a 6% increase, opening at $219.02, with a market cap of $245.84 billion after positive earnings results.
• Analysts have been bullish on Micron, with several raising their ratings, including Citigroup, which set a price target of $240, up from $200.

B & T Capital Management DBA Alpha Capital Management raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 80.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,203 shares of the semiconductor manufacturer's stock after purchasing an additional 3,202 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in Micron Technology were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MU. Kera Capital Partners Inc. purchased a new stake in Micron Technology in the 2nd quarter worth about $211,000. Tcfg Wealth Management LLC bought a new position in Micron Technology during the second quarter worth about $208,000. Krilogy Financial LLC increased its stake in shares of Micron Technology by 21.5% in the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock worth $3,351,000 after purchasing an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock worth $2,135,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC raised its position in shares of Micron Technology by 52.1% in the second quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer's stock valued at $2,132,000 after purchasing an additional 5,926 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 6.0%

Shares of Micron Technology stock opened at $219.02 on Friday. 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 twelve month low of $61.54 and a twelve month high of $219.82. The company has a market cap of $245.84 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.56. The company's 50 day moving average is $159.43 and its 200 day moving average is $122.13.

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

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology's payout ratio is 6.06%.

Analyst Upgrades and Downgrades

MU has been the subject of several analyst reports. Citigroup raised their price objective on shares of Micron Technology from $200.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 16th. BNP Paribas raised Micron Technology from a "strong sell" rating to a "strong-buy" rating in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Summit Insights upgraded Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Finally, Piper Sandler upped their price target on Micron Technology from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $200.64.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 19,761 shares of the firm's stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total value of $4,013,854.32. Following the transaction, the chief executive officer directly owned 469,078 shares of the company's stock, valued at approximately $95,279,123.36. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock valued at $25,564,625 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

Micron Technology 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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