MJP Associates Inc. ADV Invests $244,000 in Micron Technology, Inc. $MU

MJP Associates Inc. ADV purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,981 shares of the semiconductor manufacturer’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Command Advisory Services Inc. increased its stake in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. AlphaQuest LLC lifted its position in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. Hilltop National Bank bought a new stake in Micron Technology during the 2nd quarter worth about $37,000. Dogwood Wealth Management LLC increased its position in Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 257 shares in the last quarter. Finally, Solstein Capital LLC bought a new position in shares of Micron Technology in the second quarter worth about $45,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $246.83 on Friday. The firm’s 50 day simple moving average is $193.55 and its 200 day simple moving average is $139.74. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $257.07. The company has a market capitalization of $277.06 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 0.51 and a beta of 1.62. 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 issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid 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 (DPR) is presently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 409,756 shares of company stock valued at $85,308,033. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MU. CLSA started coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target on the stock. Wall Street Zen lowered Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Raymond James Financial lifted their target price on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group boosted their target price on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Piper Sandler raised their price target on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $209.39.

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.