625 Shares in Micron Technology, Inc. $MU Acquired by Lafayette Investments Inc.

Lafayette Investments Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 1st quarter, Holdings Channel reports. The firm acquired 625 shares of the semiconductor manufacturer’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MU. High Note Wealth LLC boosted its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the first quarter valued at $27,000. Steigerwald Gordon & Koch Inc. raised its stake in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. Finally, Bayban acquired a new position in shares of Micron Technology during the 4th quarter worth $29,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 147,300 shares of company stock valued at $119,422,004 over the last quarter. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on MU. Susquehanna boosted their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. TD Cowen lifted their target price on shares of Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. KeyCorp lifted their target price on shares of Micron Technology from $600.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Citigroup upped their price target on shares of Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research report on Monday, June 22nd. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $1,263.76.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron’s Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump’s Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $975.56 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00. The stock’s fifty day simple moving average is $876.93 and its 200-day simple moving average is $552.77. The company has a market capitalization of $1.10 trillion, a P/E ratio of 22.09 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.