Traub Capital Management LLC Acquires Shares of 825 Micron Technology, Inc. $MU

Traub Capital Management LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 825 shares of the semiconductor manufacturer’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MU. 180 Wealth Advisors LLC raised its stake in shares of Micron Technology by 1.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after purchasing an additional 99 shares during the period. SilverOak Wealth Management LLC boosted its holdings in Micron Technology by 3.5% during the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after acquiring an additional 100 shares during the period. Beta Wealth Group Inc. lifted its holdings in shares of Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 102 shares during the last quarter. HMS Capital Management LLC boosted its stake in shares of Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after acquiring an additional 107 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its holdings in Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after purchasing an additional 108 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MU. BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Bank of America upped their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. upped their target price on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $214.57.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 409,756 shares of company stock worth $85,308,033 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 1.1%

NASDAQ MU opened at $225.92 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $253.59 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $260.58. The business’s 50-day moving average price is $199.35 and its two-hundred day moving average price is $142.96.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the business posted $1.18 EPS. Micron Technology’s revenue 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, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) 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.