Stance Capital LLC Buys Shares of 11,249 Micron Technology, Inc. $MU

Stance Capital LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,249 shares of the semiconductor manufacturer’s stock, valued at approximately $1,386,000.

Several other hedge funds have also recently bought and sold shares of MU. Vanguard Group Inc. grew its holdings in Micron Technology by 1.9% in the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after purchasing an additional 1,973,294 shares during the last quarter. State Street Corp grew its stake in Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after acquiring an additional 1,349,713 shares during the last quarter. Geode Capital Management LLC increased its holdings in Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after acquiring an additional 314,489 shares in the last quarter. Norges Bank acquired a new position in Micron Technology during the second quarter worth about $1,980,700,000. Finally, Invesco Ltd. lifted its holdings in shares of Micron Technology by 3.2% in the second quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock valued at $1,098,583,000 after purchasing an additional 277,507 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Price Performance

MU opened at $241.14 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $264.75. The company’s 50 day simple moving average is $223.10 and its 200 day simple moving average is $159.97. The stock has a market capitalization of $271.07 billion, a PE ratio of 31.77, a P/E/G ratio of 0.41 and a beta of 1.54. 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 posted 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. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Micron Technology’s revenue was up 46.1% on a year-over-year basis. 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 company 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. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insider Transactions at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% 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 3,743 shares of Micron Technology stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 392,352 shares of company stock worth $82,994,387 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MU shares. CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective for the company. Barclays raised their price target on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley upped their price objective on Micron Technology to $338.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Cantor Fitzgerald lifted their price objective on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus price target of $236.59.

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.