Verdence Capital Advisors LLC Raises Stake in Micron Technology, Inc. $MU

Verdence Capital Advisors LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 121,122 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,211 shares during the quarter. Micron Technology comprises about 1.0% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Verdence Capital Advisors LLC’s holdings in Micron Technology were worth $14,928,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MU. Nuveen LLC acquired a new position in Micron Technology during the first quarter valued at approximately $369,191,000. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its holdings in Micron Technology by 23.8% during 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 purchasing an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Micron Technology by 26.3% during 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 purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new stake in Micron Technology during the 1st quarter worth $96,253,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Down 5.6%

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. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $201.00. The firm has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $114.16. 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 (NASDAQ:MU) last posted its quarterly 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 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 the consensus estimate of $11.05 billion. During the same period last year, the firm posted $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. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wolfe Research upped their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They issued a “buy” rating for the company. UBS Group lifted their price objective on Micron Technology from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Micron Technology in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $191.78.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the firm’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 sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by company insiders.

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.