Mcintyre Freedman & Flynn Investment Advisers Inc. Has $678,000 Stake in Micron Technology, Inc. $MU

Mcintyre Freedman & Flynn Investment Advisers Inc. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 131.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,050 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,300 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Micron Technology were worth $678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after buying an additional 773,788 shares during the period. State Street Corp lifted its stake in shares of Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares during the period. Capital International Investors lifted its stake in shares of Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares during the period. Norges Bank bought a new stake in Micron Technology in the second quarter valued at approximately $1,980,700,000. Finally, Invesco Ltd. boosted its holdings in Micron Technology by 8.0% in the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock valued at $1,609,981,000 after acquiring an additional 708,716 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares in the company, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Teyin M. Liu bought 11,600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MU. UBS Group raised their price target on shares of Micron Technology to $475.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Bank of America upped their price objective on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Wells Fargo & Company increased their price objective on shares of Micron Technology from $410.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday. Wedbush lifted their target price on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Barclays boosted their target price on shares of Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $389.41.

Check Out Our Latest Report on MU

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Micron Technology Price Performance

Micron Technology stock opened at $426.13 on Friday. The stock has a market capitalization of $479.61 billion, a price-to-earnings ratio of 40.51 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock’s 50 day moving average price is $391.35 and its two-hundred day moving average price is $271.66.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the business posted $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s payout ratio is 4.37%.

About Micron Technology

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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