Aberdeen Group plc Buys 53,572 Shares of Micron Technology, Inc. $MU

Aberdeen Group plc grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.1% in the second quarter, Holdings Channel reports. The fund owned 934,461 shares of the semiconductor manufacturer’s stock after acquiring an additional 53,572 shares during the quarter. Aberdeen Group plc’s holdings in Micron Technology were worth $115,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mission Wealth Management LP grew its position in shares of Micron Technology by 195.2% during the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock valued at $1,360,000 after acquiring an additional 10,348 shares during the period. Stock Yards Bank & Trust Co. bought a new position in Micron Technology in the 1st quarter worth approximately $228,000. Clarius Group LLC boosted its holdings in Micron Technology by 57.9% in the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 5,220 shares during the period. Kera Capital Partners Inc. bought a new position in Micron Technology in the 2nd quarter worth approximately $211,000. Finally, Tcfg Wealth Management LLC bought a new position in Micron Technology in the 2nd quarter worth approximately $208,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MU. Erste Group Bank began coverage on shares of Micron Technology in a report on Thursday, August 14th. They issued a “buy” rating for the company. KeyCorp raised their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. TD Cowen raised their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Wolfe Research raised their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Robert W. Baird raised their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, June 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average target price of $191.78.

Insider Activity

In other news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the sale, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Stock Down 5.6%

Shares of NASDAQ:MU opened at $181.60 on Friday. The firm has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $113.85. 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, Inc. has a one year low of $61.54 and a one year high of $201.00. The company has a market cap of $203.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.42 and a beta of 1.56.

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

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.115 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

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.