Sentry Investment Management LLC Acquires New Stake in Micron Technology, Inc. $MU

Sentry Investment Management LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 736 shares of the semiconductor manufacturer’s stock, valued at approximately $92,000.

Several other large investors also recently added to or reduced their stakes in the business. Kera Capital Partners Inc. bought a new position in shares of Micron Technology in the second quarter worth approximately $211,000. Tcfg Wealth Management LLC purchased a new position in Micron Technology in the 2nd quarter worth approximately $208,000. Krilogy Financial LLC grew its stake in Micron Technology by 21.5% in the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after buying an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in shares of Micron Technology by 12.1% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after buying an additional 1,875 shares during the last quarter. Finally, Kercheville Advisors LLC raised its position in shares of Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock valued at $2,132,000 after buying an additional 5,926 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MU shares. TD Cowen upped their target price on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Piper Sandler upped their price objective on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Cantor Fitzgerald increased their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Wedbush upped their target price on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $198.32.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Down 0.1%

Shares of MU opened at $202.38 on Monday. The firm has a market cap of $227.17 billion, a P/E ratio of 26.66, a P/E/G ratio of 0.45 and a beta of 1.56. The stock has a 50 day simple moving average of $151.20 and a two-hundred day simple moving average of $118.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $206.34.

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

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid 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 dividend 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.