PharVision Advisers LLC Takes Position in Micron Technology, Inc. $MU

PharVision Advisers LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,885 shares of the semiconductor manufacturer’s stock, valued at approximately $356,000.

A number of other large investors have also recently added to or reduced their stakes in MU. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the period. Hilltop National Bank acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $37,000. Dogwood Wealth Management LLC increased its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 257 shares during the last quarter. Finally, Solstein Capital LLC purchased a new stake in Micron Technology in the 2nd quarter valued at about $45,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 407,352 shares of company stock valued at $85,029,962. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MU shares. Citigroup lifted their price target on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Wolfe Research increased their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday. Piper Sandler boosted their target price on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. CLSA began coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Finally, TD Cowen boosted their price objective on Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $221.29.

Micron Technology Stock Performance

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

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating 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 analysts’ expectations of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm’s 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. On average, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Micron Technology Company 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.