Ramirez Asset Management Inc. Has $5.96 Million Stock Holdings in Micron Technology, Inc. $MU

Ramirez Asset Management Inc. lessened its holdings in Micron Technology, Inc. (NASDAQ:MU) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,349 shares of the semiconductor manufacturer’s stock after selling 1,022 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Micron Technology were worth $5,959,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MU. Nuveen LLC acquired a new position in Micron Technology in the first quarter worth about $369,191,000. Vanguard Group Inc. raised its position in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of Micron Technology during the first quarter worth approximately $96,253,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 in the last three months. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Wall Street Zen lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $220.00 in a report on Monday. Citigroup raised their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, UBS Group raised their price objective on shares of Micron Technology from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $191.78.

Micron Technology Price Performance

MU opened at $192.33 on Friday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $201.00. 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 company’s 50 day simple moving average is $141.26 and its 200-day simple moving average is $113.25. The stock has a market capitalization of $215.88 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 0.43 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

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.