Maverick Capital Ltd. Raises Stake in Micron Technology, Inc. $MU

Key Points

• Maverick Capital Ltd. increased its stake in Micron Technology by 2,422.7% during the first quarter, acquiring an additional 777,095 shares to own a total of 809,170 shares, representing about 1.2% of its portfolio.
• Micron Technology reported $9.30 billion in revenue for the last quarter, surpassing analyst estimates, and the company expects to post earnings per share of 2.350-2.650 for Q4 2025.
• The company has recently declared a quarterly dividend of $0.115 per share, which equates to an annualized dividend of $0.46 with a dividend yield of 0.4%.

Maverick Capital Ltd. grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2,422.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 809,170 shares of the semiconductor manufacturer's stock after buying an additional 777,095 shares during the period. Micron Technology accounts for approximately 1.2% of Maverick Capital Ltd.'s investment portfolio, making the stock its 27th largest position. Maverick Capital Ltd. owned 0.07% of Micron Technology worth $70,309,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC purchased a new position in Micron Technology in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $36,000. Finally, Roxbury Financial LLC lifted its stake in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The shares were 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 approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of Micron Technology stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the sale, the executive vice president directly owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 286,042 shares of company stock worth $34,679,277 in the last three months. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on MU shares. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Bank of America increased their price target on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Barclays increased their target price on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price on the stock. Finally, Wall Street Zen upgraded Micron Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.54.

Micron Technology Price Performance

Micron Technology stock traded down $0.53 during midday trading on Tuesday, reaching $118.48. 12,421,123 shares of the company were exchanged, compared to its average volume of 16,995,496. The company has a market capitalization of $132.59 billion, a price-to-earnings ratio of 21.35 and a beta of 1.47. The firm's 50-day simple moving average is $117.92 and its 200-day simple moving average is $101.24. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $129.85. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

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.