SPC Financial Inc. Buys 200 Shares of Micron Technology, Inc. $MU

SPC Financial Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,967 shares of the semiconductor manufacturer’s stock after purchasing an additional 200 shares during the period. SPC Financial Inc.’s holdings in Micron Technology were worth $612,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of Micron Technology in the second quarter worth about $37,000. Dogwood Wealth Management LLC grew its holdings in shares of Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 257 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Micron Technology in the first quarter worth about $33,000. AllSquare Wealth Management LLC grew its holdings in shares of Micron Technology by 100.0% in the first 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 last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Micron Technology in the first quarter worth about $36,000. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MU has been the topic of several recent research reports. Erste Group Bank initiated coverage on shares of Micron Technology in a report on Thursday, August 14th. They set a “buy” rating on the stock. Needham & Company LLC increased their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Barclays increased their target price on shares of Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wedbush increased their target price on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Four equities research 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 MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $191.78.

Micron Technology Stock Performance

MU stock opened at $181.60 on Monday. The firm has a market cap of $203.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.40 and a beta of 1.56. The firm has a 50-day simple moving average of $142.80 and a two-hundred day simple moving average of $114.16. 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 quick ratio of 1.79 and a current ratio of 2.52.

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. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares of the company’s stock, valued at $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,956 shares of company stock valued at $22,841,025. Company insiders own 0.30% of the company’s stock.

Micron Technology Company 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.