Summit X LLC Has $400,000 Holdings in Micron Technology, Inc. $MU

Summit X LLC raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 36.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,242 shares of the semiconductor manufacturer’s stock after purchasing an additional 862 shares during the period. Summit X LLC’s holdings in Micron Technology were worth $400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MU. First Command Advisory Services Inc. raised its position in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Micron Technology in the 2nd quarter worth approximately $37,000. Dogwood Wealth Management LLC grew its holdings in shares of Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 257 shares in the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of Micron Technology during the second quarter valued at approximately $45,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Shares of MU stock opened at $237.92 on Monday. The firm’s 50 day moving average is $181.33 and its 200 day moving average is $134.31. The stock has a market capitalization of $267.06 billion, a P/E 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 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 business 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 firm posted $1.18 EPS. 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. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 approximately $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 397,256 shares of company stock valued at $82,321,039. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MU shares. Citigroup boosted their price objective on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Wedbush boosted their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Cantor Fitzgerald raised their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company increased their target price on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $205.64.

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.