Texas Bank & Trust Co Invests $581,000 in Micron Technology, Inc. $MU

Texas Bank & Trust Co purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,715 shares of the semiconductor manufacturer’s stock, valued at approximately $581,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after acquiring an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after purchasing an additional 58,285 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Micron Technology by 1.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,434,898 shares of the semiconductor manufacturer’s stock worth $546,601,000 after buying an additional 68,267 shares during the period. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several research analyst reports. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Stifel Nicolaus lifted their price target on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. 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. UBS Group raised their target price on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Wedbush lifted their target price on shares of Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $202.79.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 10,602 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the completion of the transaction, the chief executive officer owned 409,078 shares in the company, valued at approximately $92,136,637.94. This represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 271,256 shares of company stock worth $53,931,979. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Down 0.1%

MU stock opened at $223.77 on Monday. The business has a 50 day moving average of $169.83 and a 200 day moving average of $128.54. The firm has a market cap of $251.17 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $232.40. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend 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.