Cim Investment Management Inc. Acquires 22,969 Shares of Micron Technology, Inc. $MU

Cim Investment Management Inc. boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 99.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,041 shares of the semiconductor manufacturer’s stock after acquiring an additional 22,969 shares during the period. Micron Technology accounts for about 1.1% of Cim Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding. Cim Investment Management Inc.’s holdings in Micron Technology were worth $5,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Thompson Davis & CO. Inc. bought a new position in shares of Micron Technology during the second quarter valued at approximately $240,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Micron Technology in the 2nd quarter worth approximately $2,481,000. Cape Investment Advisory Inc. grew its stake in shares of Micron Technology by 53.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 4,715 shares of the semiconductor manufacturer’s stock worth $581,000 after buying an additional 1,648 shares during the last quarter. Advisory Services Network LLC increased its position in Micron Technology by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 74,796 shares of the semiconductor manufacturer’s stock valued at $9,219,000 after buying an additional 1,303 shares in the last quarter. Finally, Cim LLC purchased a new position in Micron Technology during the second quarter valued at $2,051,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MU. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Rosenblatt Securities upped their price target on shares of Micron Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, Citigroup upped their target price on shares of Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $236.59.

Micron Technology Stock Down 6.7%

Micron Technology stock opened at $241.14 on Friday. The stock has a market cap of $271.07 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.41 and a beta of 1.54. 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 one year low of $61.54 and a one year high of $264.75. The stock has a fifty day moving average of $223.10 and a 200 day moving average of $159.97.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. The business 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 business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’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 completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 392,352 shares of company stock valued at $82,994,387 in the last 90 days. Corporate insiders own 0.24% 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.