Quadrant Capital Group LLC Raises Stock Position in Micron Technology, Inc. $MU

Quadrant Capital Group LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,267 shares of the semiconductor manufacturer’s stock after purchasing an additional 973 shares during the quarter. Quadrant Capital Group LLC’s holdings in Micron Technology were worth $2,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vinva Investment Management Ltd increased its stake in Micron Technology by 41.6% during the 2nd quarter. Vinva Investment Management Ltd now owns 76,872 shares of the semiconductor manufacturer’s stock worth $9,591,000 after buying an additional 22,596 shares during the period. MIG Capital LLC grew its stake in shares of Micron Technology by 243.2% in the second quarter. MIG Capital LLC now owns 28,969 shares of the semiconductor manufacturer’s stock worth $3,570,000 after acquiring an additional 20,528 shares in the last quarter. Inceptionr LLC increased its position in shares of Micron Technology by 105.8% during the second quarter. Inceptionr LLC now owns 14,765 shares of the semiconductor manufacturer’s stock worth $1,820,000 after acquiring an additional 7,590 shares during the period. Richmond Investment Services LLC purchased a new stake in shares of Micron Technology during the second quarter worth $246,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Micron Technology by 1.6% in the second quarter. J.W. Cole Advisors Inc. now owns 29,754 shares of the semiconductor manufacturer’s stock valued at $3,667,000 after acquiring an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MU shares. KeyCorp boosted their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald upped their target price 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. Morgan Stanley raised their target price on shares of Micron Technology to $338.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup lifted their price target on shares of Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Five equities research 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 company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $216.11.

Micron Technology Stock Up 2.6%

Shares of NASDAQ:MU opened at $230.26 on Friday. The firm has a 50 day simple moving average of $206.63 and a 200-day simple moving average of $148.24. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $258.84 billion, a PE ratio of 30.34, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. 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 analyst estimates of $11.05 billion. During the same period last 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. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 409,756 shares of company stock valued at $85,308,033 in the last 90 days. Company insiders own 0.30% of the company’s stock.

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.