Micron Technology, Inc. $MU Shares Purchased by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its stake in Micron Technology by 15.5% in the 2nd quarter, holding 121,122 shares valued at approximately $14.9 million.
• Micron's recent earnings report showed earnings per share of $2.86, meeting expectations, with quarterly revenue up 46.1% compared to the previous year.
• The company announced a quarterly dividend of $0.115 per share, representing a 0.3% dividend yield, with the payment set for October 21st.

Verdence Capital Advisors LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,122 shares of the semiconductor manufacturer's stock after acquiring an additional 16,211 shares during the quarter. Micron Technology makes up approximately 1.0% of Verdence Capital Advisors LLC's portfolio, making the stock its 15th biggest position. Verdence Capital Advisors LLC's holdings in Micron Technology were worth $14,928,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MU. Brighton Jones LLC increased its stake in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the period. GAMMA Investing LLC grew its stake in shares of Micron Technology by 20.5% in the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer's stock worth $1,873,000 after acquiring an additional 3,667 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Micron Technology by 13.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 13,004 shares of the semiconductor manufacturer's stock worth $1,130,000 after acquiring an additional 1,553 shares during the period. CVA Family Office LLC raised its stake in shares of Micron Technology by 22.6% in the first quarter. CVA Family Office LLC now owns 1,425 shares of the semiconductor manufacturer's stock valued at $124,000 after acquiring an additional 263 shares in the last quarter. Finally, Goldstone Financial Group LLC raised its stake in shares of Micron Technology by 21.9% in the first quarter. Goldstone Financial Group LLC now owns 3,449 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 619 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several recent research reports. Arete Research upgraded Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Wedbush upped their target price on shares of Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised their target price on shares of Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Erste Group Bank initiated coverage on shares of Micron Technology in a report on Thursday, August 14th. They set a "buy" rating for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Micron Technology in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $191.78.

Micron Technology Stock Performance

Shares of MU opened at $181.60 on Monday. The stock has a market capitalization of $203.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.40 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. The company's fifty day moving average is $142.80 and its two-hundred day moving average is $114.16.

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, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business'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. On average, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business 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 dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology's payout ratio is presently 6.06%.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the sale, the chief executive officer owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This trade represents a 5.47% 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. Company insiders own 0.30% of the company's stock.

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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