Ascentis Independent Advisors Grows Position in Micron Technology, Inc. $MU

Ascentis Independent Advisors grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 190.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,961 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,562 shares during the quarter. Ascentis Independent Advisors’ holdings in Micron Technology were worth $2,352,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MU. Norges Bank purchased a new position in Micron Technology in the fourth quarter valued at $6,433,456,000. AQR Capital Management LLC grew its position in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after purchasing an additional 2,625,169 shares in the last quarter. Amundi raised its holdings in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. boosted its position in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 187,300 shares of company stock valued at $162,779,604 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron signed a long-term strategic memory supply agreement with Ford, improving revenue visibility and strengthening its automotive footprint. Reuters: Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Recent coverage continues to highlight strong AI-driven memory demand, record revenue, and very high margins, supporting the bull case for MU. Motley Fool: Micron Stock Is Down 22% From Its High
• Neutral Sentiment: Micron moved with the broader semiconductor/memory group as investors reacted to Samsung and other chip-sector developments, adding volatility but not changing the core thesis. StockTwits: MU, SNDK, DRAM Dip Overnight
• Neutral Sentiment: Some articles warn that the memory trade may be getting stretched after a sharp run-up, which could cap near-term upside if investors turn more cautious. Motley Fool: Sandisk Stock Plunged 14% in a Day

Analyst Ratings Changes

Several equities research analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Raymond James Financial boosted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a research report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,263.76.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $984.75 on Tuesday. The firm has a market cap of $1.11 trillion, a PE ratio of 22.29 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The business’s fifty day simple moving average is $876.93 and its 200-day simple moving average is $554.99.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.

About Micron Technology

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.