1,857 Shares in Micron Technology, Inc. $MU Bought by Latitude Advisors LLC

Latitude Advisors LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,857 shares of the semiconductor manufacturer’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares during the last quarter. Accurate Wealth Management LLC acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $288,000. Norden Group LLC lifted its position in shares of Micron Technology by 26.7% in the second quarter. Norden Group LLC now owns 5,648 shares of the semiconductor manufacturer’s stock worth $696,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in Micron Technology during the second quarter worth $242,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MU shares. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research note on Tuesday. UBS Group increased their price objective on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group lifted their target price on Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Finally, HSBC increased their price target on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $346.66.

Check Out Our Latest Stock Report on Micron Technology

Micron Technology Price Performance

Shares of MU opened at $399.65 on Friday. The firm has a market cap of $449.81 billion, a PE ratio of 37.99 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $412.43. The business’s 50 day moving average price is $281.71 and its two-hundred day moving average price is $200.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the business posted $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 4.37%.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teyin M. Liu purchased 11,600 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was purchased at an average price of $337.22 per share, for a total transaction of $3,911,752.00. Following the acquisition, the director owned 25,910 shares of the company’s stock, valued at approximately $8,737,370.20. This represents a 81.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 287,500 shares of company stock worth $65,892,908. 0.24% of the stock is currently owned by insiders.

Micron Technology News Summary

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

Micron Technology Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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