Summit Investment Advisors Inc. Grows Stock Position in Micron Technology, Inc. $MU

Summit Investment Advisors Inc. boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,059 shares of the semiconductor manufacturer’s stock after buying an additional 812 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Micron Technology were worth $4,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MU. Achmea Investment Management B.V. purchased a new stake in shares of Micron Technology during the second quarter valued at $3,759,000. Cornerstone Investment Partners LLC increased its stake in Micron Technology by 1.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after buying an additional 12,061 shares during the period. Moors & Cabot Inc. lifted its holdings in Micron Technology by 6.4% during the 2nd quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock valued at $2,848,000 after buying an additional 1,386 shares in the last quarter. Tcfg Wealth Management LLC purchased a new stake in Micron Technology in the 2nd quarter valued at about $208,000. Finally, Kera Capital Partners Inc. bought a new position in Micron Technology in the 2nd quarter worth about $211,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 0.2%

Shares of Micron Technology stock opened at $237.92 on Friday. The firm’s 50 day simple moving average is $181.33 and its two-hundred day simple moving average is $133.44. The firm has a market capitalization of $267.06 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $246.41. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s payout ratio is currently 6.06%.

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 397,256 shares of company stock valued at $82,321,039 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MU shares. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. TD Cowen increased their price target on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. The Goldman Sachs Group lifted their price objective on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, UBS Group raised their target price on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $205.64.

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.