Lombard Odier Asset Management Switzerland SA Has $4.47 Million Stake in Micron Technology, Inc. $MU

Lombard Odier Asset Management Switzerland SA raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,251 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,351 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Micron Technology were worth $4,468,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after buying an additional 1,349,713 shares in the last quarter. Avenir Tech Ltd acquired a new stake in shares of Micron Technology during the 2nd quarter worth $3,944,000. Daiwa Securities Group Inc. increased its position in shares of Micron Technology by 8.0% in the second quarter. Daiwa Securities Group Inc. now owns 296,245 shares of the semiconductor manufacturer’s stock worth $36,512,000 after purchasing an additional 21,974 shares during the period. Q Fund Management Hong Kong Ltd bought a new stake in Micron Technology during the second quarter worth about $370,000. Finally, SVB Wealth LLC bought a new stake in Micron Technology during the second quarter worth about $526,000. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Micron Technology

In related news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 399,852 shares of company stock valued at $84,048,737. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MU. TD Cowen boosted their target price on shares of Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Stifel Nicolaus raised their target price on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Itau BBA Securities assumed coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Finally, Wedbush boosted their price target on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $228.66.

Micron Technology Stock Up 4.1%

Shares of MU opened at $246.92 on Tuesday. 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, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. The stock has a market capitalization of $277.57 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54. The stock has a fifty day moving average of $217.21 and a 200-day moving average of $155.94.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during 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 business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

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.