Micron Technology, Inc. $MU Stake Increased by Schnieders Capital Management LLC

Schnieders Capital Management LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 67.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,984 shares of the semiconductor manufacturer’s stock after buying an additional 6,867 shares during the period. Schnieders Capital Management LLC’s holdings in Micron Technology were worth $2,093,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after buying an additional 58,285 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer’s stock worth $379,417,000 after buying an additional 17,970 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Rosenblatt Securities boosted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. CLSA initiated coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $198.32.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,956 shares of company stock valued at $22,841,025. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

MU stock opened at $202.38 on Monday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $206.34. The stock has a market capitalization of $227.17 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock’s fifty day moving average is $151.20 and its two-hundred day moving average is $118.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s payout ratio 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.