Solstein Capital LLC Takes $45,000 Position in Micron Technology, Inc. $MU

Solstein Capital LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 369 shares of the semiconductor manufacturer’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kera Capital Partners Inc. purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $211,000. Tcfg Wealth Management LLC purchased a new stake in Micron Technology in the 2nd quarter worth approximately $208,000. Krilogy Financial LLC increased its holdings in Micron Technology by 21.5% in the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after acquiring an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in Micron Technology by 12.1% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC increased its holdings in Micron Technology by 52.1% in the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after acquiring an additional 5,926 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the sale, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 19,761 shares of Micron Technology stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total value of $4,013,854.32. Following the sale, the chief executive officer owned 469,078 shares of the company’s stock, valued at approximately $95,279,123.36. This trade represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,256 shares of company stock valued at $25,564,625 in the last three months. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MU. Mizuho increased their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Wedbush increased their target price on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Rosenblatt Securities increased their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Raymond James Financial increased their target price on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Micron Technology in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $201.89.

Micron Technology Stock Up 0.5%

Shares of MU opened at $220.10 on Tuesday. The company has a market cap of $247.06 billion, a PE ratio of 29.00, a P/E/G ratio of 0.50 and a beta of 1.56. The business has a fifty day moving average of $161.36 and a 200 day moving average of $123.83. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $224.98. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last issued 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. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.Micron Technology’s revenue was up 46.1% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

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.