Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $33.78 Million Stock Position in Micron Technology, Inc. $MU

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,091 shares of the semiconductor manufacturer’s stock after buying an additional 19,294 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Micron Technology were worth $33,782,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MU. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Geode Capital Management LLC raised 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 worth $3,152,974,000 after buying an additional 314,489 shares during the period. Goldman Sachs Group Inc. lifted its stake in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after buying an additional 58,285 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’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 value of $4,966,200.00. Following the completion of the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 409,756 shares of company stock worth $85,308,033 in the last three months. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Susquehanna increased their target price on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, September 17th. The Goldman Sachs Group lifted their price target on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Needham & Company LLC lifted their target price on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $209.39.

Micron Technology Stock Up 4.2%

MU stock opened at $246.83 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $257.07. The company has a market cap of $277.06 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 0.51 and a beta of 1.62. 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 business has a 50 day moving average price of $193.55 and a two-hundred day moving average price of $139.74.

Micron Technology (NASDAQ:MU) last posted 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. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) 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.