Optas LLC lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 38.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,719 shares of the semiconductor manufacturer's stock after selling 2,345 shares during the quarter. Optas LLC's holdings in Micron Technology were worth $458,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MU. Nuveen LLC bought a new stake in Micron Technology during the 1st quarter valued at $369,191,000. Vanguard Group Inc. raised its position in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. bought a new stake in Micron Technology during the 1st quarter valued at $96,253,000. Hedge funds and other institutional investors own 80.84% of the company's stock.
Micron Technology Trading Down 2.1%
Shares of NASDAQ:MU opened at $192.33 on Friday. The business's 50-day moving average is $141.26 and its 200 day moving average is $113.25. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. The firm has a market capitalization of $215.88 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.43 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.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the company posted $1.18 EPS. 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. On average, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors 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 yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio is currently 6.06%.
Analyst Ratings Changes
MU has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Micron Technology from $145.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays lifted their target price on Micron Technology from $140.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Mizuho boosted their price target on Micron Technology from $182.00 to $195.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price target on Micron Technology from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial boosted their price target on Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $191.78.
Get Our Latest Stock Analysis on Micron Technology
Insiders Place Their Bets
In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by corporate insiders.
Micron Technology Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

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