Avenir Tech Ltd Purchases Shares of 32,000 Micron Technology, Inc. $MU

Avenir Tech Ltd acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 32,000 shares of the semiconductor manufacturer’s stock, valued at approximately $3,944,000. Micron Technology accounts for approximately 0.3% of Avenir Tech Ltd’s portfolio, making the stock its 8th largest holding.

Several other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Townsquare Capital LLC increased its position in Micron Technology by 86.0% during the 1st quarter. Townsquare Capital LLC now owns 43,691 shares of the semiconductor manufacturer’s stock worth $3,796,000 after purchasing an additional 20,197 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Micron Technology during the 1st quarter worth about $146,000. Covestor Ltd raised its stake in Micron Technology by 64.1% in the 1st quarter. Covestor Ltd now owns 973 shares of the semiconductor manufacturer’s stock valued at $84,000 after purchasing an additional 380 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Micron Technology by 11.7% in the 1st quarter. Benjamin Edwards Inc. now owns 5,387 shares of the semiconductor manufacturer’s stock valued at $468,000 after purchasing an additional 564 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on MU. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. 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. CLSA started coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price for the company. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Bank of America raised their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Five 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $225.04.

Micron Technology Stock Up 4.1%

Shares of NASDAQ MU opened at $246.92 on Tuesday. The stock has a market capitalization of $277.57 billion, a PE ratio of 32.53, a P/E/G ratio of 0.50 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. The firm has a fifty day moving average of $217.21 and a 200-day moving average of $155.94. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $260.58.

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 analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 399,852 shares of company stock valued at $84,048,737. 0.24% of the stock is currently owned by corporate insiders.

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.