Summit Investment Advisors Inc. Buys 812 Shares of Micron Technology, Inc. $MU

Summit Investment Advisors Inc. grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,059 shares of the semiconductor manufacturer’s stock after purchasing an additional 812 shares during the period. Summit Investment Advisors Inc.’s holdings in Micron Technology were worth $4,089,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC boosted its position in Micron Technology by 6.3% during the 2nd quarter. AE Wealth Management LLC now owns 336,194 shares of the semiconductor manufacturer’s stock valued at $41,436,000 after acquiring an additional 19,999 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Micron Technology by 3.6% in the 2nd quarter. Penserra Capital Management LLC now owns 204,381 shares of the semiconductor manufacturer’s stock valued at $25,188,000 after purchasing an additional 7,128 shares during the period. KCM Investment Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $254,000. Cornerstone Investment Partners LLC boosted its position in shares of Micron Technology by 1.6% during the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after purchasing an additional 12,061 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in Micron Technology by 2.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 16,627 shares of the semiconductor manufacturer’s stock worth $2,049,000 after purchasing an additional 383 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

NASDAQ MU opened at $237.92 on Friday. The company has a 50-day moving average price of $181.33 and a 200-day moving average price of $133.44. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $246.41. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $267.06 billion, a P/E ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62.

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

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 10,602 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 409,078 shares in the company, valued at $92,136,637.94. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 397,256 shares of company stock worth $82,321,039 in the last quarter. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

MU has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Needham & Company LLC increased their price target on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Raymond James Financial boosted their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised 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, UBS Group boosted their price target on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $205.64.

Micron Technology Company 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.