Micron Technology, Inc. $MU Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,929,673 shares of the semiconductor manufacturer’s stock after purchasing an additional 187,818 shares during the quarter. Lazard Asset Management LLC owned approximately 0.17% of Micron Technology worth $237,831,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Micron Technology in the second quarter valued at $1,980,700,000. Slate Path Capital LP purchased a new position in Micron Technology during the second quarter worth about $317,751,000. Vanguard Group Inc. boosted its stake in Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, State Street Corp increased its stake in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after acquiring an additional 1,349,713 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $241.14 on Friday. 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 cap of $271.07 billion, a PE ratio of 31.77, a P/E/G ratio of 0.44 and a beta of 1.54. The company’s fifty day simple moving average is $223.10 and its 200-day simple moving average is $159.53. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $264.75.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.17. 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 the consensus estimate of $11.05 billion. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Wolfe Research increased their price target on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Needham & Company LLC lifted their price target on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Itau BBA Securities started coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective for the company. Finally, Piper Sandler increased their target price on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $236.59.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The shares were 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 $21,584,383.20. This represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 392,352 shares of company stock valued at $82,994,387. Insiders own 0.24% 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.