Solstein Capital LLC Takes Position in Micron Technology, Inc. $MU

Solstein Capital LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 369 shares of the semiconductor manufacturer’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Micron Technology by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock worth $602,917,000 after buying an additional 58,285 shares during the period. Dimensional Fund Advisors LP increased its holdings in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Micron Technology by 1.6% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,434,898 shares of the semiconductor manufacturer’s stock worth $546,601,000 after buying an additional 68,267 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $220.10 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $224.98. The business has a 50-day moving average price of $161.36 and a 200 day moving average price of $123.83. The firm has a market cap of $247.06 billion, a PE ratio of 29.00, a P/E/G ratio of 0.50 and a beta of 1.56.

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

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

MU has been the topic of several recent research reports. Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $220.00 in a report on Monday, October 6th. Raymond James Financial increased their price target on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. KeyCorp lifted their price objective on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Susquehanna lifted their price objective on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Finally, Citigroup lifted their price objective on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $201.89.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 19,761 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total transaction of $4,013,854.32. Following the completion of the sale, the chief executive officer directly owned 469,078 shares in the company, valued at approximately $95,279,123.36. The trade was a 4.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,256 shares of company stock valued at $25,564,625 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Company 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.