Micron Technology, Inc. $MU Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in Micron Technology, Inc. (NASDAQ:MU) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,580 shares of the semiconductor manufacturer’s stock after purchasing an additional 938 shares during the quarter. Blue Trust Inc.’s holdings in Micron Technology were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC raised its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. GAMMA Investing LLC raised its stake in Micron Technology by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock valued at $1,873,000 after purchasing an additional 3,667 shares during the last quarter. Integrated Advisors Network LLC raised its stake in Micron Technology by 17.9% in the 1st quarter. Integrated Advisors Network LLC now owns 5,816 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 882 shares during the last quarter. CX Institutional raised its stake in Micron Technology by 15.0% in the 1st quarter. CX Institutional now owns 7,854 shares of the semiconductor manufacturer’s stock valued at $682,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in Micron Technology by 55.4% in the 1st quarter. Simon Quick Advisors LLC now owns 6,672 shares of the semiconductor manufacturer’s stock valued at $580,000 after purchasing an additional 2,378 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Robert W. Baird upped their price objective on shares of Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. 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 research note on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $191.78.

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 that occurred 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 transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Down 5.6%

Shares of NASDAQ:MU opened at $181.60 on Friday. 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, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. The stock has a market capitalization of $203.84 billion, a P/E ratio of 23.93, a PEG ratio of 0.42 and a beta of 1.56. The stock has a 50-day simple moving average of $142.80 and a 200-day simple moving average of $113.85.

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

Micron Technology Dividend Announcement

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

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.