Micron Technology, Inc. $MU Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC raised its position in Micron Technology, Inc. (NASDAQ:MU) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 70,584 shares of the semiconductor manufacturer’s stock after purchasing an additional 513 shares during the period. Micron Technology comprises approximately 1.9% of Intellectus Partners LLC’s portfolio, making the stock its 8th biggest holding. Intellectus Partners LLC’s holdings in Micron Technology were worth $8,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Command Advisory Services Inc. raised its position in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the last quarter. AlphaQuest LLC grew its holdings in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. AllSquare Wealth Management LLC increased 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 buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the first quarter worth $36,000. Finally, Hilltop National Bank purchased a new stake in shares of Micron Technology in the second quarter valued at $37,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Trading Down 0.1%

MU stock opened at $223.77 on Monday. The company has a market cap of $251.17 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.51 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $169.83 and a 200-day simple moving average of $128.54. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $232.40.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. 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 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BNP Paribas Exane upgraded Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research report on Monday, October 13th. Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Raymond James Financial lifted their target price on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. 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 assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus price target of $202.79.

Insider Transactions at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 10,602 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the transaction, the chief executive officer directly owned 409,078 shares in the company, valued at approximately $92,136,637.94. This trade represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 271,256 shares of company stock worth $53,931,979. 0.30% of the stock is currently owned by company insiders.

Micron Technology 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.