Vinva Investment Management Ltd Boosts Stake in Micron Technology, Inc. $MU

Vinva Investment Management Ltd boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 41.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,872 shares of the semiconductor manufacturer’s stock after buying an additional 22,596 shares during the period. Vinva Investment Management Ltd’s holdings in Micron Technology were worth $9,591,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MU. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the last quarter. AlphaQuest LLC increased its position in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. Hilltop National Bank bought a new stake in Micron Technology in the second quarter worth $37,000. Saudi Central Bank purchased a new stake in Micron Technology during the first quarter valued at $38,000. Finally, Dogwood Wealth Management LLC lifted its position in Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other Micron Technology 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 value of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 409,756 shares of company stock worth $85,308,033 in the last ninety days. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

MU has been the topic of several recent research reports. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price on the stock. Susquehanna upped their price objective on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Cantor Fitzgerald boosted their target price on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $216.11.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $230.26 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $205.41 and its two-hundred day moving average is $147.67. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. The company has a market capitalization of $258.84 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm 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 business posted $1.18 earnings per share. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s payout ratio 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.