Micron Technology, Inc. $MU Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,240,762 shares of the semiconductor manufacturer’s stock after purchasing an additional 155,468 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Micron Technology worth $276,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Command Advisory Services Inc. increased its position in shares of 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 acquiring an additional 153 shares in the last quarter. AlphaQuest LLC boosted its stake in 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 during the period. AllSquare Wealth Management LLC grew its position in Micron Technology by 100.0% during 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. acquired a new stake in Micron Technology during the 1st quarter valued at $36,000. Finally, Hilltop National Bank acquired a new stake in Micron Technology during the 2nd quarter valued at $37,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business’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 of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 397,256 shares of company stock valued at $82,321,039. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MU shares. CLSA initiated coverage on Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target on the stock. Wedbush increased their price objective on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Piper Sandler upped their target price on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, TD Cowen raised their price target 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. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $205.64.

Micron Technology Trading Down 0.2%

NASDAQ:MU opened at $237.92 on Friday. The company has a market capitalization of $267.06 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.51 and a beta of 1.62. The stock’s 50 day moving average price is $181.33 and its 200 day moving average price is $133.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $246.41.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The company’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. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio 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.