Empirical Finance LLC Buys 1,052 Shares of Micron Technology, Inc. $MU

Empirical Finance LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,006 shares of the semiconductor manufacturer’s stock after buying an additional 1,052 shares during the quarter. Empirical Finance LLC’s holdings in Micron Technology were worth $4,807,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its stake in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. AlphaQuest LLC raised its position in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology during the first quarter worth about $36,000. Finally, Hilltop National Bank purchased a new position in Micron Technology during the second quarter worth about $37,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. This represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 409,756 shares of company stock worth $85,308,033. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $228.50 on Wednesday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $260.58. The stock has a market capitalization of $256.48 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a fifty day moving average of $197.63 and a 200-day moving average of $142.38. 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 (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company 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 firm’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Mizuho lifted their target price on shares of Micron Technology from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Itau BBA Securities started coverage on shares of Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, Susquehanna upped their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $211.18.

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.