MGO One Seven LLC Has $685,000 Holdings in Micron Technology, Inc. $MU

MGO One Seven LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,556 shares of the semiconductor manufacturer’s stock after selling 413 shares during the period. MGO One Seven LLC’s holdings in Micron Technology were worth $685,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MU. AllSquare Wealth Management LLC lifted its position in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the first quarter worth approximately $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $37,000. Saudi Central Bank acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $38,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Micron Technology by 91.0% in the first quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 244 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $202.38 on Friday. The company’s 50 day simple moving average is $151.20 and its 200 day simple moving average is $117.50. The stock has a market capitalization of $227.17 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 0.45 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, Inc. has a 1 year low of $61.54 and a 1 year high of $206.34.

Micron Technology (NASDAQ:MU) last posted its 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. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, 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 sale, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the chief executive officer directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MU shares. CLSA started coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target for the company. Susquehanna lifted their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Wolfe Research lifted their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Barclays lifted their price target on shares of Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $198.32.

About Micron Technology

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.