Global Retirement Partners LLC Makes New Investment in Micron Technology, Inc. $MU

Global Retirement Partners LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, Holdings Channel reports. The institutional investor acquired 15,597 shares of the semiconductor manufacturer’s stock, valued at approximately $1,922,000.

Other large investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. AlphaQuest LLC boosted its position in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $37,000. Dogwood Wealth Management LLC raised its stake in Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 257 shares during the period. Finally, Solstein Capital LLC purchased a new stake in shares of Micron Technology during the second quarter worth $45,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Up 2.6%

Micron Technology stock opened at $230.26 on Thursday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The firm’s 50 day moving average price is $205.41 and its 200-day moving average price is $147.67. 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 stock has a market cap of $258.84 billion, a P/E ratio of 30.34, a PEG 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 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date of this dividend 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 currently 6.06%.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent analyst reports. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Bank of America lifted their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. UBS Group lifted their price objective on Micron Technology from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $216.11.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the sale, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction 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 approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 409,756 shares of company stock worth $85,308,033. 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.