4,715 Shares in Micron Technology, Inc. $MU Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,715 shares of the semiconductor manufacturer’s stock, valued at approximately $581,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. AlphaQuest LLC lifted its stake in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. AllSquare Wealth Management LLC lifted its stake in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Micron Technology in the 1st quarter valued at $36,000. Finally, Hilltop National Bank purchased a new position in shares of Micron Technology during the 2nd quarter valued at $37,000. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MU. Itau BBA Securities started coverage on shares of Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Stifel Nicolaus raised their price target on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Citigroup lifted their price target on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $202.79.

Micron Technology Price Performance

MU opened at $223.77 on Monday. 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 stock has a market capitalization of $251.17 billion, a P/E ratio of 29.48, a PEG ratio of 0.51 and a beta of 1.56. The stock has a 50-day moving average price of $169.83 and a 200-day moving average price of $128.54. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $232.40.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. The company 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%.Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Insider Activity

In other Micron Technology 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 completion of the sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 10,602 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the sale, the chief executive officer owned 409,078 shares of the company’s stock, valued at approximately $92,136,637.94. The trade was a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 271,256 shares of company stock valued at $53,931,979. Corporate insiders own 0.30% of the company’s stock.

Micron Technology 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.