Oliver Lagore Vanvalin Investment Group Takes Position in Micron Technology, Inc. $MU

Key Points

• Oliver Lagore Vanvalin Investment Group invested approximately $993,000 in Micron Technology, acquiring 8,060 shares of the semiconductor manufacturer in the second quarter.
• Micron Technology's recent quarterly earnings surpassed expectations, reporting a $1.91 EPS compared to an estimated $1.57 EPS, with revenues reaching $9.30 billion.
• Equities analysts have generally positive ratings for Micron, with several raising their price targets significantly, including Barclays indicating a target of $140.00 and TD Cowen setting a target of $150.00.

Oliver Lagore Vanvalin Investment Group purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,060 shares of the semiconductor manufacturer's stock, valued at approximately $993,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Micron Technology by 19.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after acquiring an additional 13,985 shares during the period. State of Wyoming grew its stake in shares of Micron Technology by 2,336.1% during the 4th quarter. State of Wyoming now owns 3,581 shares of the semiconductor manufacturer's stock worth $301,000 after acquiring an additional 3,434 shares during the period. Focus Partners Advisor Solutions LLC raised its holdings in shares of Micron Technology by 12.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $667,000 after acquiring an additional 885 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Micron Technology by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,324 shares of the semiconductor manufacturer's stock valued at $17,869,000 after buying an additional 27,316 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the sale, the director owned 20,146 shares in the company, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock valued at $34,242,567 in the last three months. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on MU shares. CLSA assumed 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. Susquehanna lifted their price target on Micron Technology from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Wednesday. UBS Group lifted their price target on Micron Technology from $155.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Cantor Fitzgerald lifted their price objective on Micron Technology from $155.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, September 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Micron Technology in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.50.

Micron Technology Stock Performance

Micron Technology stock traded down $6.16 during mid-day trading on Friday, reaching $162.73. 37,222,841 shares of the stock traded hands, compared to its average volume of 19,869,376. The stock has a market capitalization of $182.12 billion, a PE ratio of 29.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $170.45. The business's 50-day moving average is $123.82 and its 200-day moving average is $105.66.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

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.