QV Investors Inc. Has $2.28 Million Position in Micron Technology, Inc. $MU

QV Investors Inc. increased its position in Micron Technology, Inc. (NASDAQ:MU) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,455 shares of the semiconductor manufacturer’s stock after buying an additional 120 shares during the period. QV Investors Inc.’s holdings in Micron Technology were worth $2,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC boosted its position in Micron Technology by 1.9% during the second 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 period. SilverOak Wealth Management LLC boosted its position in Micron Technology by 3.5% during the second 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 period. HMS Capital Management LLC boosted its position in Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after purchasing an additional 107 shares during the period. D.B. Root & Company LLC boosted its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 108 shares during the period. Finally, Werlinich Asset Management LLC boosted its position in Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler upped their target price on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. increased their price objective on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Raymond James Financial increased their price objective on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Rosenblatt Securities increased their price objective on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Five equities research 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, the stock currently has an average rating of “Buy” and an average price target of $200.64.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,256 shares of company stock valued at $25,564,625 over the last ninety days. 0.30% of the stock is owned by company insiders.

Micron Technology Stock Up 6.0%

Shares of MU stock opened at $219.02 on Friday. The stock has a market cap of $245.84 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $219.82. The stock has a fifty day moving average price of $159.43 and a 200 day moving average price of $122.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The firm 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%.Micron Technology’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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