Decker Retirement Planning Inc. Invests $3.12 Million in Micron Technology, Inc. $MU

Decker Retirement Planning Inc. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) during the 3rd quarter, Holdings Channel reports. The fund purchased 18,664 shares of the semiconductor manufacturer’s stock, valued at approximately $3,123,000. Micron Technology makes up 1.7% of Decker Retirement Planning Inc.’s holdings, making the stock its 21st largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in Micron Technology during the 2nd quarter valued at about $1,980,700,000. Slate Path Capital LP acquired a new stake in shares of Micron Technology during the second quarter worth approximately $317,751,000. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares during the period. State Street Corp grew its position in Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in Micron Technology by 50.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock valued at $426,165,000 after buying an additional 1,156,086 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction on Monday, October 20th. The stock was 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 $8,450,574.74. This trade represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 318,800 shares of company stock valued at $72,333,387. 0.24% of the stock is owned by company insiders.

Micron Technology Trading Up 0.2%

Micron Technology stock opened at $345.87 on Tuesday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $348.47. The company’s fifty day moving average price is $259.11 and its two-hundred day moving average price is $186.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The company has a market capitalization of $389.28 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 4.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MU shares. Wells Fargo & Company lifted their target price on shares of Micron Technology from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Wedbush set a $320.00 price objective on Micron Technology in a report on Thursday, December 18th. Sanford C. Bernstein lifted their price objective on Micron Technology from $270.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Summit Insights raised Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $295.45.

Check Out Our Latest Stock Analysis on Micron Technology

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Micron Technology Profile

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

See Also

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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