Plato Investment Management Ltd Boosts Holdings in Micron Technology, Inc. $MU

Plato Investment Management Ltd grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,387 shares of the semiconductor manufacturer’s stock after buying an additional 1,006 shares during the quarter. Plato Investment Management Ltd’s holdings in Micron Technology were worth $2,258,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MU. First Command Advisory Services Inc. increased its stake in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the period. AlphaQuest LLC boosted its holdings in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. AllSquare Wealth Management LLC increased its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology during the 1st quarter worth approximately $36,000. Finally, Hilltop National Bank purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology 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 completion of the transaction, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 271,256 shares of company stock valued at $53,931,979. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

MU has been the topic of a number of analyst reports. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Itau BBA Securities initiated coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Wedbush lifted their price target on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Finally, BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus price target of $202.79.

Micron Technology Stock Performance

Shares of MU stock opened at $223.77 on Friday. The stock has a fifty day moving average price of $169.83 and a 200 day moving average price of $128.13. The stock has a market cap of $251.18 billion, a PE ratio of 29.48, a P/E/G ratio of 0.51 and a beta of 1.56. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $232.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a dividend of $0.115 per share. 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.