Micron Technology, Inc. $MU Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 39.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,968 shares of the semiconductor manufacturer’s stock after buying an additional 5,077 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Micron Technology were worth $2,215,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Mission Wealth Management LP raised its holdings in shares of Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock worth $1,360,000 after acquiring an additional 10,348 shares during the last quarter. Clarius Group LLC raised its stake in Micron Technology by 57.9% in the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after purchasing an additional 5,220 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in Micron Technology in the 2nd quarter valued at about $211,000. Tcfg Wealth Management LLC acquired a new position in Micron Technology in the 2nd quarter valued at about $208,000. Finally, Krilogy Financial LLC raised its stake in Micron Technology by 21.5% in the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock valued at $3,351,000 after purchasing an additional 4,812 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $187.06 on Wednesday. The firm has a market capitalization of $209.97 billion, a PE ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business has a 50-day moving average of $146.06 and a two-hundred day moving average of $115.39. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $201.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates 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 was up 46.1% on a year-over-year basis. During the same period in the prior 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, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the sale, the chief executive officer directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock valued at $22,841,025 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. KeyCorp boosted their price target on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Micron Technology in a report on Tuesday. Needham & Company LLC upped their target price on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $194.57.

Micron Technology Company 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.