30,875 Shares in Micron Technology, Inc. $MU Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, HoldingsChannel.com reports. The fund bought 30,875 shares of the semiconductor manufacturer’s stock, valued at approximately $3,805,000. Micron Technology accounts for approximately 1.2% of Neo Ivy Capital Management’s holdings, making the stock its 4th largest holding.

Other hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. raised its position in shares of Micron Technology by 225.0% in the second 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 raised its holdings in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the first quarter worth $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology during the second quarter worth $37,000. Finally, Saudi Central Bank acquired a new position in Micron Technology in the first quarter valued at $38,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MU has been the subject of several recent analyst reports. Barclays lifted their price target on Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. The Goldman Sachs Group boosted their price target on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. 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. Bank of America increased their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Finally, BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Monday, October 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average price target of $215.64.

Micron Technology Stock Performance

Micron Technology stock opened at $201.37 on Friday. The firm has a market capitalization of $226.37 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $260.58. The stock’s 50 day moving average price is $200.36 and its 200 day moving average price is $143.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 126,000 shares of the business’s 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 of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is owned by insiders.

Micron Technology 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.