Zweig DiMenna Associates LLC Boosts Stock Position in Micron Technology, Inc. $MU

Zweig DiMenna Associates LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,500 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,000 shares during the period. Zweig DiMenna Associates LLC’s holdings in Micron Technology were worth $6,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Command Advisory Services Inc. lifted its holdings in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the period. AlphaQuest LLC boosted its position in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. AllSquare Wealth Management LLC boosted its position in shares of Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology in the 1st quarter worth approximately $36,000. Finally, Hilltop National Bank bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $37,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MU has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Susquehanna boosted their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, September 17th. Itau BBA Securities started coverage on shares of Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Citigroup boosted their price objective on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a report on Monday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $202.79.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, 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. In the last quarter, insiders sold 271,256 shares of company stock valued at $53,931,979. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 0.1%

Shares of Micron Technology stock opened at $223.77 on Friday. The company has a market capitalization of $251.18 billion, a P/E ratio of 29.48, a P/E/G ratio of 0.51 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a fifty day moving average of $169.83 and a 200 day moving average of $128.13. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $232.40.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion during 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%. Micron Technology’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Micron Technology 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.