6,527 Shares in Micron Technology, Inc. $MU Bought by GM Advisory Group LLC

GM Advisory Group LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the second quarter, Holdings Channel.com reports. The firm bought 6,527 shares of the semiconductor manufacturer’s stock, valued at approximately $804,000.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC raised its position in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after purchasing an additional 23,600 shares during the last quarter. WealthBridge Capital Management LLC acquired a new position in shares of Micron Technology in the second quarter valued at approximately $210,000. Achmea Investment Management B.V. acquired a new position in shares of Micron Technology in the second quarter valued at approximately $3,759,000. Finally, Cornerstone Investment Partners LLC raised its holdings in Micron Technology by 1.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after buying an additional 12,061 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 409,756 shares of company stock valued at $85,308,033 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. TD Cowen lifted their price target on shares of Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Wells Fargo & Company lifted their target price on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $216.11.

Micron Technology Price Performance

Shares of MU opened at $230.26 on Friday. The business’s fifty day moving average is $206.63 and its 200 day moving average is $148.24. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock has a market cap of $258.84 billion, a P/E ratio of 30.34, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate 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 was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. 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 company 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 dividend payout ratio is presently 6.06%.

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.