Micron Technology, Inc. $MU Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 19.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,918 shares of the semiconductor manufacturer’s stock after acquiring an additional 27,983 shares during the period. Micron Technology comprises 1.1% of International Assets Investment Management LLC’s portfolio, making the stock its 12th largest holding. International Assets Investment Management LLC’s holdings in Micron Technology were worth $21,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Nuveen LLC acquired a new position in Micron Technology during the first quarter worth about $369,191,000. Vanguard Group Inc. raised its position in Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of Micron Technology in the first quarter valued at approximately $96,253,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group boosted their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $198.32.

Micron Technology Price Performance

Micron Technology stock opened at $202.38 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 $206.34. The firm has a 50 day moving average price of $151.20 and a 200 day moving average price of $117.70. The company has a market cap of $227.17 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. Micron Technology’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. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm 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 dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the sale, the chief executive officer owned 272,648 shares in the company, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock worth $22,841,025 over the last ninety days. 0.30% of the stock is owned by company insiders.

Micron Technology 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.