KPP Advisory Services LLC Buys 271 Shares of Micron Technology, Inc. $MU

KPP Advisory Services LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,951 shares of the semiconductor manufacturer’s stock after purchasing an additional 271 shares during the period. KPP Advisory Services LLC’s holdings in Micron Technology were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MU. Bleakley Financial Group LLC raised its stake in Micron Technology by 8.5% in the 2nd quarter. Bleakley Financial Group LLC now owns 49,070 shares of the semiconductor manufacturer’s stock valued at $6,048,000 after acquiring an additional 3,833 shares during the period. Insight Advisors LLC PA bought a new stake in Micron Technology in the 2nd quarter valued at $297,000. Onyx Bridge Wealth Group LLC raised its stake in Micron Technology by 46.8% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,866 shares of the semiconductor manufacturer’s stock valued at $476,000 after acquiring an additional 1,233 shares during the period. Jacobsen Capital Management raised its stake in Micron Technology by 12.2% in the 2nd quarter. Jacobsen Capital Management now owns 2,635 shares of the semiconductor manufacturer’s stock valued at $325,000 after acquiring an additional 287 shares during the period. Finally, Blume Capital Management Inc. raised its stake in Micron Technology by 1.2% in the 2nd quarter. Blume Capital Management Inc. now owns 66,482 shares of the semiconductor manufacturer’s stock valued at $8,194,000 after acquiring an additional 768 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

MU opened at $206.71 on Friday. The firm has a market cap of $232.02 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $214.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The business’s fifty day moving average is $157.46 and its 200-day moving average is $121.07.

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, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the company earned $1.18 EPS. Micron Technology’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on MU. TD Cowen increased their price target on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Rosenblatt Securities increased their price target on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. 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. Erste Group Bank began coverage on Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Finally, Mizuho upped their price objective on Micron Technology from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $200.64.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction on Monday, October 20th. The stock was 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 in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,256 shares of company stock valued at $25,564,625 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

About Micron Technology

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.