Micron Technology, Inc. $MU Shares Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,923 shares of the semiconductor manufacturer’s stock after acquiring an additional 327 shares during the period. HBK Sorce Advisory LLC’s holdings in Micron Technology were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. First Command Advisory Services Inc. raised its stake in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. AllSquare Wealth Management LLC raised its stake in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology during the 1st quarter worth $36,000. Finally, Hilltop National Bank acquired a new position in shares of Micron Technology during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MU shares. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Stifel Nicolaus boosted their target price on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Raymond James Financial boosted their target price on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Five 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $202.79.

Insider Buying and Selling

In related news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 10,602 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the sale, the chief executive officer directly owned 409,078 shares of the company’s stock, valued at approximately $92,136,637.94. This trade represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 271,256 shares of company stock valued at $53,931,979. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Stock Down 0.1%

MU opened at $223.77 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. The stock has a market capitalization of $251.18 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. The business has a 50-day moving average of $169.83 and a two-hundred day moving average of $127.73. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $232.40.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.