Micron Technology, Inc. $MU Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Micron Technology by 13.0%, owning 130,204 shares valued at approximately $16.05 million as of the latest SEC filing.
• Several analysts have raised their price targets for Micron Technology, with some predicting a target as high as $250.00, reflecting strong growth expectations.
• Micron Technology recently announced a quarterly dividend of $0.115 per share, with a payout ratio of 6.06%.

Vanguard Personalized Indexing Management LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,204 shares of the semiconductor manufacturer's stock after acquiring an additional 14,948 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Micron Technology were worth $16,048,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology during the first quarter valued at $33,000. AllSquare Wealth Management LLC raised its stake 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology during the first quarter valued at about $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the second quarter valued at about $37,000. Finally, Saudi Central Bank bought a new stake in shares of Micron Technology during the first quarter valued at about $38,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities lifted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. CLSA assumed coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. KeyCorp lifted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Finally, Barclays boosted their price target on shares of Micron Technology from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and a consensus price target of $191.78.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the business'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 sale, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company's stock.

Micron Technology Price Performance

NASDAQ MU opened at $181.60 on Friday. The stock's 50-day moving average price is $142.80 and its two-hundred day moving average price is $114.00. 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 $203.84 billion, a PE ratio of 23.93, a PEG ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology's payout ratio is presently 6.06%.

Micron Technology 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.

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