Invesco Ltd. Boosts Stock Position in Micron Technology, Inc. $MU

Invesco Ltd. increased its position in Micron Technology, Inc. (NASDAQ:MU) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,913,450 shares of the semiconductor manufacturer’s stock after acquiring an additional 277,507 shares during the quarter. Invesco Ltd.’s holdings in Micron Technology were worth $1,098,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Micron Technology by 1.9% in the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares during the period. Geode Capital Management LLC lifted its stake in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after buying an additional 314,489 shares in the last quarter. Norges Bank bought a new position in Micron Technology in the 2nd quarter worth $1,980,700,000. Goldman Sachs Group Inc. increased its stake in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Micron Technology by 1.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,061,763 shares of the semiconductor manufacturer’s stock worth $870,362,000 after buying an additional 122,915 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 0.4%

Shares of MU opened at $239.49 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market capitalization of $269.22 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 0.51 and a beta of 1.54. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The business’s 50 day simple moving average is $211.10 and its 200-day simple moving average is $152.01.

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

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given 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 is currently 6.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MU shares. Wells Fargo & Company upped their price objective on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Micron Technology in a research note on Wednesday. New Street Research reiterated a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald boosted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $220.39.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 407,352 shares of company stock worth $85,029,962. Insiders own 0.30% of the company’s stock.

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.