Cim LLC Buys New Stake in Micron Technology, Inc. $MU

Cim LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,643 shares of the semiconductor manufacturer’s stock, valued at approximately $2,051,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Asset Dedication LLC raised its position in shares of Micron Technology by 18.1% during the 2nd quarter. Asset Dedication LLC now owns 6,813 shares of the semiconductor manufacturer’s stock worth $840,000 after acquiring an additional 1,044 shares in the last quarter. Tactive Advisors LLC purchased a new position in Micron Technology in the second quarter valued at approximately $461,000. Geneos Wealth Management Inc. increased its stake in Micron Technology by 60.9% in the second quarter. Geneos Wealth Management Inc. now owns 11,730 shares of the semiconductor manufacturer’s stock valued at $1,446,000 after purchasing an additional 4,442 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Micron Technology by 69.1% during the second quarter. Westwood Holdings Group Inc. now owns 104,904 shares of the semiconductor manufacturer’s stock worth $12,929,000 after purchasing an additional 42,859 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $28,512,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of MU stock opened at $241.14 on Friday. The stock’s 50-day moving average price is $223.10 and its 200 day moving average price is $159.97. 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 stock has a market capitalization 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. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $264.75.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. 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 is presently 6.06%.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 392,352 shares of company stock worth $82,994,387 over the last quarter. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MU. The Goldman Sachs Group increased their target price on shares of Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Barclays raised their price objective on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. KeyCorp boosted their target price on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Wedbush raised their price target on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Bank of America lifted their price target on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus target price of $236.59.

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.