Voya Investment Management LLC Has $256.70 Million Stock Holdings in Micron Technology, Inc. $MU

Voya Investment Management LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,956,411 shares of the semiconductor manufacturer’s stock after buying an additional 525,596 shares during the period. Voya Investment Management LLC’s holdings in Micron Technology were worth $256,701,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MU. Nuveen LLC acquired a new stake in shares of Micron Technology in the 1st quarter valued at about $369,191,000. Vanguard Group Inc. lifted its position in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. GAMMA Investing LLC lifted its position in Micron Technology by 10,369.6% in the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer’s stock valued at $162,783,000 after acquiring an additional 1,855,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Up 7.6%

NASDAQ:MU opened at $150.57 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $168.51 billion, a PE ratio of 27.13 and a beta of 1.47. The firm’s 50 day moving average is $119.23 and its 200 day moving average is $102.77. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $156.26.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $8.83 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s payout ratio is presently 8.29%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 264,036 shares of the company’s stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director directly owned 22,762 shares in the company, valued at $2,848,664.30. The trade was a 23.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,446 shares of company stock worth $32,908,469. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Arete Research raised shares of Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Mizuho raised their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. KeyCorp raised their price target on shares of Micron Technology from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Barclays raised their price target on shares of Micron Technology from $95.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Erste Group Bank initiated coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.76.

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.