Schnieders Capital Management LLC Grows Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Schnieders Capital Management LLC increased its stake in Micron Technology by 67.9%, holding 16,984 shares valued at approximately $2.1 million at the end of the 2nd quarter.
• Analysts have raised their price targets for Micron Technology, with targets now ranging from $195 to $270, and the stock holding a consensus rating of "Buy".
• Micron Technology reported a 46.1% year-over-year increase in revenue and achieved EPS of $2.86, meeting analyst expectations.

Schnieders Capital Management LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 67.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,984 shares of the semiconductor manufacturer's stock after acquiring an additional 6,867 shares during the period. Schnieders Capital Management LLC's holdings in Micron Technology were worth $2,093,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. SilverOak Wealth Management LLC increased its stake in Micron Technology by 3.5% in the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after purchasing an additional 100 shares during the last quarter. HMS Capital Management LLC increased its stake in shares of Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after acquiring an additional 107 shares during the last quarter. D.B. Root & Company LLC increased its stake in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares during the last quarter. Werlinich Asset Management LLC lifted its holdings in shares of Micron Technology by 1.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock worth $1,317,000 after acquiring an additional 115 shares during the period. Finally, Rise Advisors LLC boosted its position in shares of Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock worth $206,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MU shares. BNP Paribas Exane raised shares of Micron Technology from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research report on Monday, October 13th. Stifel Nicolaus boosted their price target on Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Wedbush upped their price target on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Robert W. Baird lifted their price objective on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and an average target price of $198.32.

Insider Activity

In related news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president directly owned 131,580 shares of the company's stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the business's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock valued at $22,841,025 over the last ninety days. 0.30% of the stock is owned by company insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $202.38 on Monday. 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, Inc. has a 1-year low of $61.54 and a 1-year high of $206.34. The company has a market capitalization of $227.17 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The business has a 50-day moving average of $151.20 and a 200-day moving average of $118.00.

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

Micron Technology Dividend Announcement

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

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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