Zullo Investment Group Inc. Buys New Shares in Micron Technology, Inc. $MU

Zullo Investment Group Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,305 shares of the semiconductor manufacturer’s stock, valued at approximately $284,000.

A number of other hedge funds have also added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares during the last quarter. GAMMA Investing LLC lifted its stake in Micron Technology by 20.5% in the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock valued at $1,873,000 after acquiring an additional 3,667 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in Micron Technology by 17.9% in the first quarter. Integrated Advisors Network LLC now owns 5,816 shares of the semiconductor manufacturer’s stock valued at $505,000 after acquiring an additional 882 shares during the last quarter. CX Institutional lifted its stake in Micron Technology by 15.0% in the first quarter. CX Institutional now owns 7,854 shares of the semiconductor manufacturer’s stock valued at $682,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Micron Technology by 55.4% in the first quarter. Simon Quick Advisors LLC now owns 6,672 shares of the semiconductor manufacturer’s stock valued at $580,000 after acquiring an additional 2,378 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $181.60 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $142.80 and a two-hundred day simple moving average of $113.85. The stock has a market capitalization of $203.84 billion, a price-to-earnings 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 for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The business’s 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. Analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares of the company’s stock, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock valued at $22,841,025 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent analyst reports. CLSA initiated coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target for the company. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. UBS Group raised their target price on shares of Micron Technology from $195.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Piper Sandler raised their target price on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $191.78.

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.