M&G PLC Has $65.74 Million Stake in Micron Technology, Inc. $MU

M&G PLC decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.3% in the 2nd quarter, Holdings Channel reports. The firm owned 534,489 shares of the semiconductor manufacturer’s stock after selling 171,338 shares during the quarter. M&G PLC’s holdings in Micron Technology were worth $65,742,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new stake in Micron Technology during the 2nd quarter worth about $3,759,000. Cornerstone Investment Partners LLC boosted its position in shares of Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after purchasing an additional 12,061 shares in the last quarter. Moors & Cabot Inc. grew its stake in Micron Technology by 6.4% during the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after purchasing an additional 1,386 shares during the period. KLP Kapitalforvaltning AS increased its holdings in Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after purchasing an additional 23,600 shares in the last quarter. Finally, Tcfg Wealth Management LLC bought a new stake in Micron Technology in the second quarter worth approximately $208,000. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on MU shares. Itau BBA Securities started coverage on shares of Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price on the stock. Rosenblatt Securities increased their price target on Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. UBS Group lifted their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wolfe Research raised their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $205.64.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 409,756 shares of company stock valued at $85,308,033 in the last three months. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $241.11 on Wednesday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $257.07. The company’s 50 day moving average price is $186.46 and its two-hundred day moving average price is $136.69. The stock has a market cap of $270.64 billion, a P/E ratio of 31.77, 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.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. The company had revenue of $11.32 billion during 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%.Micron Technology’s revenue was up 46.1% on a year-over-year basis. During the same period last year, the business posted $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 year.

Micron Technology Dividend Announcement

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

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.