Seven Mile Advisory Makes New Investment in Micron Technology, Inc. $MU

by · The Cerbat Gem

Seven Mile Advisory purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,080 shares of the semiconductor manufacturer’s stock, valued at approximately $256,000.

Several other large investors also recently modified their holdings of MU. Vanguard Group Inc. boosted its stake in Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares in the last quarter. State Street Corp increased its stake in Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after purchasing an additional 314,489 shares during the period. Norges Bank bought a new position in shares of Micron Technology during the 2nd quarter worth about $1,980,700,000. Finally, Invesco Ltd. grew its stake in shares of Micron Technology by 3.2% in the 2nd quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock valued at $1,098,583,000 after buying an additional 277,507 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MU. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Monday, October 13th. Cantor Fitzgerald boosted their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. KeyCorp upped their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. HSBC initiated coverage on shares of Micron Technology in a research report on Tuesday. They issued a “buy” rating and a $330.00 price target for the company. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $232.97.

View Our Latest Report on Micron Technology

Micron Technology Trading Down 2.0%

NASDAQ MU opened at $258.46 on Friday. The firm has a market capitalization of $290.54 billion, a P/E ratio of 34.05, a PEG ratio of 0.44 and a beta of 1.54. The business has a fifty day simple moving average of $222.03 and a 200 day simple moving average of $158.50. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $264.75. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the firm earned $1.18 EPS. The business’s revenue for the quarter 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 predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 392,352 shares of company stock worth $82,994,387. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Profile

(Free Report)

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.

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