Nisa Investment Advisors LLC Buys 9,002 Shares of Micron Technology, Inc. $MU

Nisa Investment Advisors LLC raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,331 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,002 shares during the period. Nisa Investment Advisors LLC’s holdings in Micron Technology were worth $33,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of Micron Technology in the first quarter worth $369,191,000. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after acquiring an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. bought a new stake in Micron Technology during the 1st quarter worth approximately $96,253,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction dated 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 directly owned 96,031 shares in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,256 shares of company stock valued at $25,564,625. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Up 6.0%

Shares of NASDAQ:MU opened at $219.02 on Friday. The company has a market cap of $245.84 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 0.50 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $219.82. The firm has a fifty day moving average price of $159.43 and a two-hundred day moving average price of $122.53. 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 (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for 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 company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

MU has been the topic of several analyst reports. Wedbush boosted their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Wells Fargo & Company upped their price target on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Erste Group Bank initiated coverage on Micron Technology in a research report on Thursday, August 14th. They set a “buy” rating on the stock. Finally, Needham & Company LLC boosted their price target on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $200.64.

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.