Aberdeen Group plc Purchases 53,572 Shares of Micron Technology, Inc. $MU

Aberdeen Group plc raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 934,461 shares of the semiconductor manufacturer’s stock after acquiring an additional 53,572 shares during the quarter. Aberdeen Group plc owned about 0.08% of Micron Technology worth $115,172,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter valued at $33,000. AllSquare Wealth Management LLC boosted its position in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology during the first quarter valued at $36,000. Hilltop National Bank bought a new stake in Micron Technology during the second quarter valued at $37,000. Finally, Saudi Central Bank acquired a new position in shares of Micron Technology during the first quarter valued at about $38,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 5.6%

MU opened at $181.60 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $201.00. The firm has a market capitalization of $203.84 billion, a PE ratio of 23.93, a P/E/G ratio of 0.42 and a beta of 1.56. The company’s 50-day moving average is $142.80 and its 200 day moving average is $113.85.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The firm’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. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company 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 is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Wall Street Analysts Forecast Growth

MU has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Micron Technology in a report on Saturday, September 27th. Bank of America upped their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $191.78.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were 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 owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,956 shares of company stock worth $22,841,025. Insiders own 0.30% of the company’s stock.

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.