Vanguard Group Inc. Has $12.80 Billion Stake in Micron Technology, Inc. $MU

by · The Cerbat Gem

Vanguard Group Inc. boosted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,879,662 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,973,294 shares during the quarter. Vanguard Group Inc. owned 9.28% of Micron Technology worth $12,803,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Micron Technology by 9.0% in the first quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the semiconductor manufacturer’s stock valued at $461,000 after purchasing an additional 436 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Micron Technology by 4.2% in the first quarter. Private Advisor Group LLC now owns 102,349 shares of the semiconductor manufacturer’s stock worth $8,893,000 after purchasing an additional 4,172 shares in the last quarter. Calton & Associates Inc. acquired a new position in Micron Technology during the first quarter worth $247,000. Finally, OneAscent Financial Services LLC grew its position in Micron Technology by 120.5% in the first quarter. OneAscent Financial Services LLC now owns 6,972 shares of the semiconductor manufacturer’s stock valued at $612,000 after purchasing an additional 3,810 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is currently owned by insiders.

Micron Technology Stock Down 2.0%

MU opened at $241.95 on Tuesday. The stock’s fifty day simple moving average is $195.76 and its 200 day simple moving average is $141.34. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $260.58. The stock has a market cap of $271.58 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research 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 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 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 is currently 6.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MU. The Goldman Sachs Group increased their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Monday, October 13th. Raymond James Financial boosted their price target on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. KeyCorp upped their price objective on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, TD Cowen raised their target price on shares of Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $211.18.

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About Micron Technology

(Free Report)

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.

See Also

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