Zweig DiMenna Associates LLC Has $6.96 Million Stock Holdings in Micron Technology, Inc. $MU

Zweig DiMenna Associates LLC grew its position in Micron Technology, Inc. (NASDAQ:MU) by 27.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 56,500 shares of the semiconductor manufacturer’s stock after acquiring an additional 12,000 shares during the period. Zweig DiMenna Associates LLC’s holdings in Micron Technology were worth $6,964,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its position in Micron Technology by 1.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after purchasing an additional 99 shares during the last quarter. SilverOak Wealth Management LLC raised its position in Micron Technology by 3.5% during the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 100 shares during the last quarter. HMS Capital Management LLC raised its position in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after acquiring an additional 107 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 108 shares in the last quarter. Finally, Werlinich Asset Management LLC raised its position in shares of Micron Technology by 1.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after acquiring an additional 115 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Trading Down 0.1%

NASDAQ:MU opened at $223.77 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $251.18 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. The firm’s 50 day moving average is $169.83 and its 200 day moving average is $128.13. 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, 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 analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. Micron Technology’s revenue 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 expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Insider Activity at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. 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 22,500 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,256 shares of company stock valued at $53,931,979 over the last 90 days. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MU. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research report on Monday, October 13th. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Piper Sandler raised their target price on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Barclays raised their target price on Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company raised their target price on Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $202.79.

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.