First Command Advisory Services Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 225.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221 shares of the semiconductor manufacturer’s stock after purchasing an additional 153 shares during the quarter. First Command Advisory Services Inc.’s holdings in Micron Technology were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in MU. Nuveen LLC purchased a new stake in shares of Micron Technology in the first quarter worth approximately $369,191,000. Vanguard Group Inc. increased its holdings in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new position in Micron Technology in the first quarter worth approximately $96,253,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Micron Technology
In other 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 value of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction 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. The trade was a 17.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,256 shares of company stock worth $25,564,625. Insiders own 0.30% of the company’s stock.
Micron Technology Trading Up 0.5%
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) 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%. Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.
Micron Technology Announces Dividend
The business 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 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.
Analyst Upgrades and Downgrades
MU has been the topic of a number of research reports. UBS Group increased their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. CLSA initiated coverage on Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. Citigroup increased their price objective on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen increased their price objective on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $201.89.
View Our Latest Research Report on MU
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.
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