PKO Investment Management Joint Stock Co Sells 58,000 Shares of Micron Technology, Inc. $MU

Key Points

• PKO Investment Management Joint Stock Co reduced its stake in Micron Technology by 77.3%, selling 58,000 shares and leaving it with 17,000 shares valued at approximately $2,095,000.
• Multiple hedge funds, including AlphaQuest LLC and AllSquare Wealth Management LLC, have significantly increased their investments in Micron Technology, highlighting robust institutional interest with over 80% of the company's stock owned by institutional investors.
• Micron Technology reported quarterly earnings of $2.86 per share, meeting analyst expectations, and revealed an annual revenue increase of 46.1% year-over-year, positioning them favorably for future growth.

PKO Investment Management Joint Stock Co decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 77.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the semiconductor manufacturer's stock after selling 58,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Micron Technology were worth $2,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MU. AlphaQuest LLC increased its stake in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 265 shares in the last quarter. 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 acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Micron Technology during the first quarter worth $36,000. Hilltop National Bank purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $37,000. Finally, Saudi Central Bank acquired a new position in shares of Micron Technology in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction on 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 sale, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,256 shares of company stock valued at $25,564,625. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

MU opened at $219.02 on Friday. The stock has a market cap of $245.84 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.56. The business's 50 day moving average is $159.43 and its 200-day moving average is $122.13. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $219.82. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm's quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. 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 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology's payout ratio is presently 6.06%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent research reports. Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Citigroup lifted their price target on Micron Technology from $200.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 16th. Wells Fargo & Company lifted their target price on Micron Technology from $170.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Morgan Stanley upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $160.00 to $220.00 in a research note on Monday, October 6th. Finally, BNP Paribas raised Micron Technology from a "strong sell" rating to a "strong-buy" rating in a report on Monday, October 13th. Five investment 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $200.64.

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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