Insight Advisors LLC PA Acquires New Position in Micron Technology, Inc. $MU

Key Points

• Insight Advisors LLC PA has acquired a new stake in Micron Technology, purchasing 2,408 shares valued at approximately $297,000 during the second quarter.
• In its most recent earnings report, Micron Technology reported $2.86 earnings per share for the quarter, matching analyst expectations, with a revenue of $11.32 billion.
• According to recent analyst ratings, Micron Technology has a consensus rating of "Buy" with an average price target of $200.64, and several analysts have recently increased their target prices significantly.

Insight Advisors LLC PA acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,408 shares of the semiconductor manufacturer's stock, valued at approximately $297,000.

A number of other hedge funds have also added to or reduced their stakes in MU. Nuveen LLC purchased a new position in Micron Technology during the 1st quarter valued at about $369,191,000. Vanguard Group Inc. grew its holdings in 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 buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 grew its holdings in Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new position in Micron Technology during the 1st quarter valued at about $96,253,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $206.71 on Friday. The business has a 50 day moving average of $157.46 and a 200 day moving average of $121.07. The company has a market capitalization of $232.03 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 0.44 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $214.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts' consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $1.18 EPS. Micron Technology's quarterly 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. On average, sell-side analysts predict 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. Shareholders of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology's payout ratio is presently 6.06%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho lifted their target price on Micron Technology from $195.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, October 17th. The Goldman Sachs Group boosted their price objective on Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. UBS Group boosted their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, October 16th. CLSA initiated coverage on Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price objective for the company. Finally, New Street Research reissued a "neutral" rating on shares of Micron Technology in a report on Tuesday, October 14th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $200.64.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the business's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 19,761 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 469,078 shares of the company's stock, 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. Over the last ninety days, insiders have sold 144,256 shares of company stock worth $25,564,625. Company insiders own 0.30% of the company's stock.

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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