Micron Technology, Inc. $MU Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 76.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 304,323 shares of the semiconductor manufacturer’s stock after acquiring an additional 131,545 shares during the period. Public Sector Pension Investment Board’s holdings in Micron Technology were worth $37,508,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. boosted its position in shares of 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 purchasing an additional 153 shares during the period. Howard Hughes Medical Institute purchased a new stake in Micron Technology in the second quarter valued at approximately $30,000. AlphaQuest LLC lifted its stake in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. WealthCollab LLC boosted its holdings in shares of Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 270 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Micron Technology during the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 392,352 shares of company stock worth $82,994,387. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. Citigroup upped their price target on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. BNP Paribas Exane upgraded 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. Finally, The Goldman Sachs Group increased their price objective on Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $236.59.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $241.14 on Friday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $264.75. The company has a 50-day moving average price of $223.10 and a 200 day moving average price of $159.97. The company has a market cap of $271.07 billion, a P/E ratio of 31.77, a PEG ratio of 0.41 and a beta of 1.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 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 business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period last year, the firm earned $1.18 EPS. The company’s quarterly revenue 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. Research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.