Asahi Life Asset Management CO. LTD. Takes $577,000 Position in Micron Technology, Inc. $MU

Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,680 shares of the semiconductor manufacturer’s stock, valued at approximately $577,000.

A number of other large investors have also recently modified their holdings of MU. Brighton Jones LLC boosted its position in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares during the last quarter. World Investment Advisors boosted its position in shares of Micron Technology by 13.2% during the 1st quarter. World Investment Advisors now owns 8,228 shares of the semiconductor manufacturer’s stock valued at $715,000 after acquiring an additional 959 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Micron Technology by 63.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 12,891 shares of the semiconductor manufacturer’s stock valued at $1,120,000 after acquiring an additional 5,018 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Micron Technology by 1.4% during the 1st quarter. TD Private Client Wealth LLC now owns 21,154 shares of the semiconductor manufacturer’s stock valued at $1,838,000 after buying an additional 290 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Micron Technology by 9.0% during the 1st quarter. Stratos Wealth Advisors LLC now owns 8,944 shares of the semiconductor manufacturer’s stock valued at $777,000 after buying an additional 736 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 8.9%

NASDAQ MU opened at $237.50 on Thursday. 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, Inc. has a twelve month low of $61.54 and a twelve month high of $239.88. The firm has a market capitalization of $266.59 billion, a PE ratio of 31.29, a P/E/G ratio of 0.51 and a beta of 1.62. The stock’s 50 day moving average is $176.62 and its 200 day moving average is $131.51.

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. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The firm’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research 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 was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued a $0.115 dividend. 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 payout ratio is 6.06%.

Insider Buying and Selling

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 397,256 shares of company stock valued at $82,321,039. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Rosenblatt Securities boosted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. KeyCorp boosted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus target price of $202.79.

Micron Technology 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.