Geode Capital Management LLC Has $3.15 Billion Holdings in Micron Technology, Inc. $MU

Geode Capital Management LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,690,491 shares of the semiconductor manufacturer’s stock after buying an additional 314,489 shares during the quarter. Geode Capital Management LLC owned 2.30% of Micron Technology worth $3,152,974,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of Micron Technology in the first quarter worth about $237,000. Edgestream Partners L.P. increased its stake in shares of Micron Technology by 84.0% in the 1st quarter. Edgestream Partners L.P. now owns 8,630 shares of the semiconductor manufacturer’s stock valued at $750,000 after buying an additional 3,940 shares during the period. Signaturefd LLC lifted its position in Micron Technology by 4.0% during the 1st quarter. Signaturefd LLC now owns 23,248 shares of the semiconductor manufacturer’s stock valued at $2,020,000 after purchasing an additional 891 shares during the period. Finally, Catalyst Financial Partners LLC lifted its holdings in Micron Technology by 2.9% in the first quarter. Catalyst Financial Partners LLC now owns 5,485 shares of the semiconductor manufacturer’s stock valued at $477,000 after buying an additional 157 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU opened at $241.11 on Wednesday. The firm has a market capitalization of $270.64 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $186.46 and its two-hundred day moving average price is $136.69. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $257.07.

Micron Technology (NASDAQ:MU) last issued 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 company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the firm earned $1.18 EPS. Micron Technology’s quarterly 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. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders 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 is currently 6.06%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 409,756 shares of company stock valued at $85,308,033 in the last three months. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MU. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Wolfe Research increased their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Barclays upped their price objective on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Summit Insights raised Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Bank of America upped their price target on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $205.64.

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.