30,875 Shares in Micron Technology, Inc. $MU Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,875 shares of the semiconductor manufacturer’s stock, valued at approximately $3,805,000. Micron Technology makes up 1.2% of Neo Ivy Capital Management’s holdings, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. DNB Asset Management AS boosted its position in shares of Micron Technology by 18.7% during the 2nd quarter. DNB Asset Management AS now owns 303,468 shares of the semiconductor manufacturer’s stock valued at $37,402,000 after acquiring an additional 47,868 shares during the last quarter. Entropy Technologies LP acquired a new position in Micron Technology in the 2nd quarter valued at about $2,999,000. Swiss National Bank boosted its holdings in Micron Technology by 7.7% in the 2nd quarter. Swiss National Bank now owns 3,383,100 shares of the semiconductor manufacturer’s stock valued at $416,967,000 after purchasing an additional 240,600 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of Micron Technology during the second quarter worth $241,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Micron Technology during the second quarter worth $202,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MU. Needham & Company LLC boosted their target price on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Itau BBA Securities began coverage on Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $215.64.

Micron Technology Trading Down 10.9%

Shares of MU opened at $201.37 on Friday. The firm’s 50-day moving average is $200.36 and its two-hundred day moving average is $143.37. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $226.37 billion, a P/E ratio of 26.53, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. 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 dividend payout ratio (DPR) is currently 6.06%.

Insider Transactions at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm’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 transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 409,756 shares of company stock worth $85,308,033. Corporate insiders own 0.30% of the company’s stock.

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.