Micron Technology, Inc. $MU Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC increased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 53.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,613 shares of the semiconductor manufacturer's stock after buying an additional 5,467 shares during the quarter. Mutual Advisors LLC's holdings in Micron Technology were worth $1,924,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter valued at $37,000. Dogwood Wealth Management LLC lifted its holdings in shares of Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer's stock valued at $44,000 after purchasing an additional 257 shares during the last quarter. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology during the first quarter valued at $36,000. Finally, Saudi Central Bank purchased a new stake in shares of Micron Technology during the first quarter valued at $38,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Up 5.5%

Shares of Micron Technology stock opened at $202.53 on Friday. The stock has a 50-day moving average price of $149.53 and a 200 day moving average price of $116.72. The company has a market cap of $227.33 billion, a P/E ratio of 26.68, a P/E/G ratio of 0.42 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $206.34.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its 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. 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 for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the firm posted $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. As a group, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio is presently 6.06%.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MU has been the subject of several analyst reports. New Street Research reaffirmed a "neutral" rating on shares of Micron Technology in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Summit Insights raised Micron Technology to a "strong-buy" rating in a report on Tuesday, September 23rd. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 24th. Finally, UBS Group increased their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday. 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. According to MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus target price of $196.71.

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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