Micron Technology, Inc. $MU Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in Micron Technology by 39.4%, owning 17,968 shares valued at $2.215 million, highlighting growing institutional interest in the company.
• A number of analysts have raised their price targets for Micron Technology, with Barclays setting a new target at $175 and Cantor Fitzgerald at $200, indicating strong market optimism.
• Micron Technology reported a quarterly EPS of $2.86, matching the consensus estimate, with revenues of $11.32 billion, reflecting a 46.1% year-over-year increase.

Concurrent Investment Advisors LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 39.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,968 shares of the semiconductor manufacturer's stock after purchasing an additional 5,077 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Micron Technology were worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MU. Mission Wealth Management LP grew its stake in shares of Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after buying an additional 10,348 shares in the last quarter. Clarius Group LLC grew its holdings in Micron Technology by 57.9% during the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer's stock worth $1,237,000 after acquiring an additional 5,220 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in shares of Micron Technology during the second quarter worth $211,000. Tcfg Wealth Management LLC acquired a new position in shares of Micron Technology during the second quarter worth $208,000. Finally, Krilogy Financial LLC grew its stake in shares of Micron Technology by 21.5% during the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock worth $3,351,000 after purchasing an additional 4,812 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MU shares. Barclays upped their price objective on Micron Technology from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Arete Research upgraded shares of Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Cantor Fitzgerald upped their target price on shares of Micron Technology from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. KeyCorp upped 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, BNP Paribas Exane upgraded shares of Micron Technology from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $194.57.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $187.06 on Wednesday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $201.00. The company has a market cap of $209.97 billion, a PE ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 1.56. 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 stock has a fifty day moving average price of $146.06 and a 200 day moving average price of $115.39.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts' expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business's revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is currently 6.06%.

Insider Activity

In related news, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were 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 in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The shares were 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 of the company's stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock valued at $22,841,025 in the last three months. 0.30% of the stock is currently owned by company insiders.

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.

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