Valmark Advisers Inc. Acquires New Shares in Micron Technology, Inc. $MU

Key Points

• Valmark Advisers Inc. has acquired a new stake in Micron Technology, Inc., purchasing 1,671 shares valued at approximately $206,000 during the 2nd quarter, as reported in their latest SEC filing.
• Institutional investors and hedge funds now own 80.84% of Micron's stock, with several firms increasing their stakes significantly during the same quarter.
• Analysts have raised their price targets for Micron's stock recently, with recommendations ranging from $190 to $250, reflecting a consensus rating of "Buy".

Valmark Advisers Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,671 shares of the semiconductor manufacturer's stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Citizens National Bank Trust Department lifted its stake in shares of Micron Technology by 9.8% in the 2nd quarter. Citizens National Bank Trust Department now owns 15,595 shares of the semiconductor manufacturer's stock valued at $1,922,000 after purchasing an additional 1,393 shares during the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Micron Technology in the 2nd quarter valued at $351,000. Shell Asset Management Co. lifted its stake in shares of Micron Technology by 57.7% in the 2nd quarter. Shell Asset Management Co. now owns 43,686 shares of the semiconductor manufacturer's stock valued at $5,384,000 after purchasing an additional 15,980 shares during the last quarter. Slow Capital Inc. lifted its stake in shares of Micron Technology by 6.2% in the 2nd quarter. Slow Capital Inc. now owns 44,252 shares of the semiconductor manufacturer's stock valued at $5,454,000 after purchasing an additional 2,596 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer's stock valued at $49,683,000 after purchasing an additional 23,600 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MU. Raymond James Financial lifted their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Needham & Company LLC boosted their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Wedbush boosted their target price on shares of Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Mizuho boosted their target price on shares of Micron Technology from $182.00 to $195.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Finally, Rosenblatt Securities boosted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a "buy" 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $191.78.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the sale, the chief executive officer owned 272,648 shares of the company's stock, valued at $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction dated 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 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. Insiders sold a total of 146,956 shares of company stock worth $22,841,025 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

Micron Technology Stock Down 5.6%

Shares of MU opened at $181.60 on Friday. The company has a 50-day simple moving average of $142.80 and a 200-day simple moving average of $113.85. The firm has a market capitalization of $203.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.42 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $201.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts' consensus estimates of $2.86. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm's revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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