OFI Invest Asset Management Sells 2,112 Shares of Micron Technology, Inc. $MU

OFI Invest Asset Management reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 64.1% in the second quarter, HoldingsChannel.com reports. The fund owned 1,184 shares of the semiconductor manufacturer’s stock after selling 2,112 shares during the quarter. OFI Invest Asset Management’s holdings in Micron Technology were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MU. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology during the 1st quarter worth $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology during the 1st quarter worth $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the 2nd quarter worth $37,000. Finally, Saudi Central Bank bought a new stake in shares of Micron Technology during the 1st quarter worth $38,000. 80.84% of the stock is owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock worth $22,841,025 over the last ninety days. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

MU stock opened at $181.60 on Monday. The firm’s 50-day moving average price is $142.80 and its two-hundred day moving average price is $114.16. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $201.00. The stock has a market capitalization of $203.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.40 and a beta of 1.56. 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 released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The company’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. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology’s payout ratio is presently 6.06%.

Wall Street Analyst Weigh In

MU has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. CLSA started coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target for the company. Finally, TD Cowen boosted their price target on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $191.78.

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.