BLKBRD Asset Management LP Takes $1.79 Million Position in Micron Technology, Inc. $MU

BLKBRD Asset Management LP acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,524 shares of the semiconductor manufacturer’s stock, valued at approximately $1,790,000. Micron Technology comprises 1.0% of BLKBRD Asset Management LP’s holdings, making the stock its 15th largest holding.

Several other large investors have also recently bought and sold shares of MU. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Micron Technology in the second quarter valued at about $30,000. AlphaQuest LLC boosted its holdings in Micron Technology by 13,250.0% during the second 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 purchased a new stake in Micron Technology during the second quarter worth about $37,000. Finally, Saudi Central Bank acquired a new position in Micron Technology during the first quarter worth about $38,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 392,352 shares of company stock valued at $82,994,387. 0.24% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Micron Technology stock opened at $241.14 on Friday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. The company has a market capitalization of $271.07 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 0.44 and a beta of 1.54. The stock has a fifty day moving average of $223.10 and a two-hundred day moving average of $159.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

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 the consensus estimate of $2.86 by $0.17. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend 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 currently 6.06%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of research reports. Wolfe Research lifted their price target on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Rosenblatt Securities raised their price objective on Micron Technology from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Susquehanna boosted their target price on Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Finally, Mizuho raised their price target on Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $236.59.

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.