Mcdaniel Terry & Co. Acquires New Position in Micron Technology, Inc. $MU

Key Points

• Mcdaniel Terry & Co. has acquired a new position in Micron Technology by purchasing 1,922 shares valued at approximately $237,000.
• Micron Technology reported quarterly earnings of $2.86 per share, meeting analysts' expectations, with a year-over-year revenue increase of 46.1%.
• The company recently paid a quarterly dividend of $0.115 per share, resulting in an annualized yield of 0.2%.

Mcdaniel Terry & Co. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,922 shares of the semiconductor manufacturer's stock, valued at approximately $237,000.

A number of other large investors also recently made changes to their positions in MU. AlphaQuest LLC grew its stake in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 265 shares during the period. Hilltop National Bank bought a new position in Micron Technology during the second quarter worth about $37,000. Dogwood Wealth Management LLC grew its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer's stock worth $44,000 after buying an additional 257 shares during the period. AllSquare Wealth Management LLC increased its stake 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 valued at $35,000 after acquiring an additional 200 shares during the last quarter. Finally, Curio Wealth LLC increased its stake in shares of Micron Technology by 39,900.0% in the 2nd quarter. Curio Wealth LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $49,000 after acquiring an additional 399 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $219.02 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business has a 50-day moving average of $159.43 and a 200-day moving average of $122.13. The stock has a market capitalization of $245.84 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 0.47 and a beta of 1.56. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $219.82.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business's quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology's payout ratio is currently 6.06%.

Insider Activity

In related news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their position. 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 90 days. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. TD Cowen lifted their price target on shares of Micron Technology from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Piper Sandler upped their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Finally, New Street Research reaffirmed a "neutral" rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $200.64.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.