Pegasus Asset Management Inc. Acquires Shares of 610 Micron Technology, Inc. $MU

Pegasus Asset Management Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 610 shares of the semiconductor manufacturer’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp raised its holdings in shares of Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Capital International Investors raised its holdings in shares of Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the last quarter. Norges Bank purchased a new position in shares of Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Finally, Morgan Stanley lifted its position in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after acquiring an additional 794,289 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of Micron Technology stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MU shares. KeyCorp boosted their price target on Micron Technology from $600.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Thursday. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday. Royal Bank Of Canada increased their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $1,228.30.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron said customers have committed to about $22 billion in memory-chip purchases and signed long-term strategic agreements, improving visibility and reducing concerns about the usual boom-bust cycle.
• Positive Sentiment: Analysts across Wall Street raised price targets and reiterated bullish ratings, citing strong HBM and DRAM demand, tight supply, and better-than-expected margin expansion.
• Positive Sentiment: The earnings report sparked a broader rally in semiconductor stocks globally, helping sentiment across the AI and memory space.
• Positive Sentiment: Micron’s results also reignited the argument that AI infrastructure spending is creating a multi-year shortage in memory, which could support pricing power and earnings growth.
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, which is a routine capital-return update and not a major driver of the stock move.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,213.56 on Friday. The business’s 50 day moving average price is $803.70 and its 200 day moving average price is $520.37. The company has a market cap of $1.37 trillion, a price-to-earnings ratio of 27.47 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 82.33% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 60.62 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.0%. Micron Technology’s dividend payout ratio is currently 2.83%.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.