Micron Technology, Inc. $MU Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Micron Technology by 3.0%, now holding approximately 469,859 shares valued at about $57.91 million.
• Micron Technology reported a quarterly EPS of $2.86, meeting analysts' estimates, with revenue reaching $11.32 billion for the quarter, a 46.1% increase compared to the previous year.
• The company declared a quarterly dividend of $0.115 per share yielding 0.2%, with a payout ratio of 6.06% as of the last filing.

Asset Management One Co. Ltd. raised its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,859 shares of the semiconductor manufacturer's stock after purchasing an additional 13,483 shares during the period. Asset Management One Co. Ltd.'s holdings in Micron Technology were worth $57,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $336,000. 180 Wealth Advisors LLC raised its position in shares of Micron Technology by 1.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer's stock worth $645,000 after acquiring an additional 99 shares in the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $326,000. Moser Wealth Advisors LLC raised its position in shares of Micron Technology by 18.3% during the 2nd quarter. Moser Wealth Advisors LLC now owns 1,290 shares of the semiconductor manufacturer's stock worth $159,000 after acquiring an additional 200 shares in the last quarter. Finally, Avion Wealth raised its position in shares of Micron Technology by 17.0% during the 2nd quarter. Avion Wealth now owns 945 shares of the semiconductor manufacturer's stock worth $116,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director owned 96,031 shares of the company's stock, valued at $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was 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 directly owned 131,580 shares of the company's stock, valued at $21,584,383.20. The trade was 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 worth $25,564,625 in the last three months. 0.30% of the stock is currently owned by insiders.

Micron Technology Price Performance

MU stock opened at $206.71 on Friday. The stock has a 50-day moving average price of $157.46 and a two-hundred day moving average price of $121.07. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $214.75. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market cap of $232.02 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm 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 business earned $1.18 earnings per share. The firm'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. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on MU. Citigroup raised their price target on Micron Technology from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, October 16th. Susquehanna lifted their price target on Micron Technology from $160.00 to $200.00 and gave the company a "positive" rating in a research note on Wednesday, September 17th. CLSA started coverage on Micron Technology in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $155.00 price target on the stock. Cantor Fitzgerald lifted their price objective on Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Finally, Erste Group Bank initiated coverage on Micron Technology in a report on Thursday, August 14th. They issued a "buy" rating for the company. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average target price of $200.64.

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.

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.