SLT Holdings LLC Buys New Position in Micron Technology, Inc. $MU

SLT Holdings LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,329 shares of the semiconductor manufacturer’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after acquiring an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Micron Technology by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer’s stock worth $379,417,000 after buying an additional 17,970 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

MU opened at $181.60 on Friday. The stock’s 50 day moving average price is $142.80 and its two-hundred day moving average price is $113.85. 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, Inc. has a 12-month low of $61.54 and a 12-month high of $201.00. The firm has a market capitalization of $203.84 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) 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 firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s revenue for the quarter 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. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MU shares. Piper Sandler increased their price target on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Wedbush increased their price target on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. KeyCorp increased 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. Wall Street Zen downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $191.78.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the sale, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock worth $22,841,025 in the last quarter. 0.30% of the stock is owned by company 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.