St. Louis Trust Co Purchases New Shares in Micron Technology, Inc. $MU

Key Points

• St. Louis Trust Co has acquired a new stake in Micron Technology by purchasing 2,296 shares valued at approximately $283,000 in the second quarter.
• Micron Technology reported a quarterly earnings per share of $2.86, meeting analyst expectations, with revenue up 46.1% year-over-year to $11.32 billion.
• The company has declared a quarterly dividend of $0.115, with an ex-dividend date of October 3rd, representing an annualized yield of 0.3%.

St. Louis Trust Co purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,296 shares of the semiconductor manufacturer's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MU. Nuveen LLC acquired a new position in shares of Micron Technology in the 1st quarter valued at $369,191,000. Vanguard Group Inc. boosted its position in shares of Micron Technology by 2.1% in 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 during the period. Goldman Sachs Group Inc. boosted 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 worth $922,467,000 after acquiring an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP boosted 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 worth $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. acquired a new stake in Micron Technology during the 1st quarter worth about $96,253,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Down 5.6%

MU opened at $181.60 on Monday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $201.00. The business has a 50-day moving average of $142.80 and a 200-day moving average of $114.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The company has a market capitalization of $203.84 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the business earned $1.18 EPS. The business's quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 over the last 90 days. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on MU shares. Citigroup raised their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Wedbush raised their price objective on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Rosenblatt Securities raised their price objective on Micron Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Stifel Nicolaus raised their price objective on Micron Technology from $173.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Bank of America raised their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $191.78.

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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