Corsair Capital Management L.P. Acquires New Shares in Micron Technology, Inc. $MU

Corsair Capital Management L.P. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the semiconductor manufacturer’s stock, valued at approximately $1,232,000.

Several other large investors have also modified their holdings of MU. Nuveen LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth about $369,191,000. Vanguard Group Inc. lifted its position in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after buying an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Micron Technology by 26.3% during 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 acquiring an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new stake in shares of Micron Technology in the 1st quarter valued at approximately $96,253,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MU shares. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a report on Monday, October 13th. Wells Fargo & Company boosted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $216.11.

Micron Technology Stock Up 2.6%

Shares of NASDAQ MU opened at $230.26 on Friday. The company has a market capitalization of $258.84 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business has a 50-day moving average of $206.63 and a two-hundred day moving average of $148.24. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion for 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%.The business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 409,756 shares of company stock valued at $85,308,033. 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.