Micron Technology, Inc. $MU is Primecap Management Co. CA’s 4th Largest Position

Primecap Management Co. CA decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 15.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,465,876 shares of the semiconductor manufacturer’s stock after selling 5,814,892 shares during the period. Micron Technology comprises approximately 3.1% of Primecap Management Co. CA’s portfolio, making the stock its 4th largest position. Primecap Management Co. CA owned 2.81% of Micron Technology worth $3,878,169,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MU. 180 Wealth Advisors LLC grew its holdings in Micron Technology by 1.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after acquiring an additional 99 shares in the last quarter. SilverOak Wealth Management LLC lifted its holdings in Micron Technology by 3.5% during the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after buying an additional 100 shares during the last quarter. Beta Wealth Group Inc. boosted its position in shares of Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock worth $839,000 after acquiring an additional 102 shares in the last quarter. HMS Capital Management LLC increased its holdings in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after acquiring an additional 107 shares during the last quarter. Finally, D.B. Root & Company LLC raised its position in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. 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 over the last three months. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Finally, Itau BBA Securities assumed coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $211.18.

Micron Technology Price Performance

Micron Technology stock opened at $228.50 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market capitalization of $256.48 billion, a PE ratio of 30.11, a price-to-earnings-growth 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 $260.58. The business has a 50 day simple moving average of $197.63 and a 200-day simple moving average of $142.38.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company 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 firm posted $1.18 earnings per share. The business’s revenue for the quarter 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. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

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.