Veracity Capital LLC Boosts Stake in Micron Technology, Inc. $MU

Veracity Capital LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 210.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,591 shares of the semiconductor manufacturer’s stock after buying an additional 3,788 shares during the period. Veracity Capital LLC’s holdings in Micron Technology were worth $935,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Beacon Financial Group bought a new position in Micron Technology during the 3rd quarter valued at about $289,000. Cooper Financial Group lifted its position in Micron Technology by 16.1% during the third quarter. Cooper Financial Group now owns 8,029 shares of the semiconductor manufacturer’s stock valued at $1,343,000 after purchasing an additional 1,114 shares during the period. Montecito Bank & Trust purchased a new stake in Micron Technology in the third quarter worth approximately $911,000. Acropolis Investment Management LLC raised its stake in Micron Technology by 49.7% during the 3rd quarter. Acropolis Investment Management LLC now owns 5,384 shares of the semiconductor manufacturer’s stock valued at $901,000 after buying an additional 1,788 shares during the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in shares of Micron Technology during the 3rd quarter valued at $914,000. 80.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on MU shares. Mizuho upped their price objective on Micron Technology from $270.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on Micron Technology to $350.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp upped their price target on shares of Micron Technology from $215.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Wolfe Research increased their price target on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $266.71.

Insiders Place Their Bets

In other news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 383,650 shares of company stock worth $81,602,339 over the last quarter. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

MU opened at $225.52 on Thursday. The company has a 50 day simple moving average of $225.54 and a two-hundred day simple moving average of $162.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market cap of $253.51 billion, a P/E ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $264.75.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the company earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a dividend of $0.115 per share. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

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.