Balefire LLC Increases Stake in Micron Technology, Inc. $MU

Balefire LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 51.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,250 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,843 shares during the quarter. Balefire LLC’s holdings in Micron Technology were worth $2,384,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Micron Technology in the 2nd quarter worth $30,000. AlphaQuest LLC lifted its position in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares in the last quarter. WealthCollab LLC grew its stake in Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 270 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Micron Technology during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research analyst reports. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. Stifel Nicolaus boosted their price objective on Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. raised their target price on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, Citigroup lifted their target price on Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $247.18.

Insider Activity

In related news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were 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 owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 383,650 shares of company stock valued at $81,602,339. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Down 3.0%

MU opened at $225.52 on Thursday. The business has a fifty day moving average price of $225.54 and a 200 day moving average price of $162.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $264.75. The stock has a market capitalization of $253.51 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter last year, the company earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

About Micron Technology

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.