Profund Advisors LLC Increases Stock Position in Micron Technology, Inc. $MU

Profund Advisors LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,876 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,438 shares during the period. Micron Technology accounts for 0.7% of Profund Advisors LLC’s holdings, making the stock its 22nd biggest holding. Profund Advisors LLC’s holdings in Micron Technology were worth $18,842,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Achmea Investment Management B.V. purchased a new stake in shares of Micron Technology during the 2nd quarter worth $3,759,000. Cornerstone Investment Partners LLC lifted its position in Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after acquiring an additional 12,061 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Micron Technology by 6.4% during the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after purchasing an additional 1,386 shares during the period. Tcfg Wealth Management LLC purchased a new stake in shares of Micron Technology in the 2nd quarter valued at $208,000. Finally, Kera Capital Partners Inc. acquired a new stake in Micron Technology during the 2nd quarter worth about $211,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

MU stock opened at $237.92 on Friday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $246.41. The stock’s fifty day simple moving average is $181.33 and its 200-day simple moving average is $133.88. The stock has a market capitalization of $267.06 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. 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 posted 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 net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the business posted $1.18 EPS. The business’s quarterly 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. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Needham & Company LLC boosted their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Rosenblatt Securities raised their price target 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. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Finally, BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $205.64.

Insider Buying and Selling at Micron Technology

In related news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction dated 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 sale, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 397,256 shares of company stock worth $82,321,039 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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.