Pegasus Asset Management Inc. Purchases Shares of 610 Micron Technology, Inc. $MU

Pegasus Asset Management Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 610 shares of the semiconductor manufacturer’s stock, valued at approximately $206,000.

Other institutional investors have also recently modified their holdings of the company. High Note Wealth LLC increased its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the period. Elevation Wealth Partners LLC lifted its stake in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. lifted its stake in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Bayban purchased a new stake in shares of Micron Technology in the 4th quarter valued at $29,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Micron Technology in the 4th quarter valued at $31,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron said customers have committed to about $22 billion in memory-chip purchases and signed long-term strategic agreements, improving visibility and reducing concerns about the usual boom-bust cycle.
• Positive Sentiment: Analysts across Wall Street raised price targets and reiterated bullish ratings, citing strong HBM and DRAM demand, tight supply, and better-than-expected margin expansion.
• Positive Sentiment: The earnings report sparked a broader rally in semiconductor stocks globally, helping sentiment across the AI and memory space.
• Positive Sentiment: Micron’s results also reignited the argument that AI infrastructure spending is creating a multi-year shortage in memory, which could support pricing power and earnings growth.
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, which is a routine capital-return update and not a major driver of the stock move.

Insiders Place Their Bets

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% 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 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MU. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. TD Cowen increased their price target on Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson increased their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group lifted their price objective on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1,228.30.

Micron Technology Stock Performance

MU opened at $1,213.56 on Friday. The firm has a fifty day moving average price of $803.70 and a 200 day moving average price of $520.37. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,255.00. The stock has a market cap of $1.37 trillion, a P/E ratio of 27.47 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 82.33%. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business earned $1.91 earnings per share. The firm’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 60.62 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.0%. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.