Bleakley Financial Group LLC Grows Holdings in Micron Technology, Inc. $MU

Bleakley Financial Group LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 8.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,070 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,833 shares during the quarter. Bleakley Financial Group LLC’s holdings in Micron Technology were worth $6,048,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Micron Technology during the 1st quarter valued at approximately $369,191,000. Vanguard Group Inc. grew its stake in shares of Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after acquiring an additional 2,038,641 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new position in shares of Micron Technology in the 1st quarter worth about $96,253,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Trading Up 4.2%

Micron Technology stock opened at $206.71 on Friday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $214.75. The company has a market cap of $232.03 billion, a P/E ratio of 27.23, a P/E/G ratio of 0.44 and a beta of 1.56. 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 business has a 50-day simple moving average of $157.46 and a two-hundred day simple moving average of $121.07.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The firm’s revenue 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. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis 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 currently 6.06%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 19,761 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $203.12, for a total value of $4,013,854.32. Following the transaction, the chief executive officer owned 469,078 shares of the company’s stock, valued at approximately $95,279,123.36. This trade represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,256 shares of company stock worth $25,564,625. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the subject of a number of analyst reports. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Rosenblatt Securities raised their price target on shares of Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Needham & Company LLC boosted their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Stifel Nicolaus increased their target price on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, TD Cowen lifted their target price on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $200.64.

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.