Probity Advisors Inc. Purchases 1,293 Shares of Micron Technology, Inc. $MU

Probity Advisors Inc. lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 47.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,990 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,293 shares during the period. Probity Advisors Inc.’s holdings in Micron Technology were worth $492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its position in shares of Micron Technology by 2.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,004,363 shares of the semiconductor manufacturer’s stock valued at $126,155,000 after purchasing an additional 23,578 shares in the last quarter. Journey Advisory Group LLC purchased a new position in Micron Technology during the second quarter valued at $1,598,000. Fiduciary Planning LLC purchased a new position in Micron Technology during the second quarter valued at $242,000. Schnieders Capital Management LLC boosted its holdings in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after buying an additional 6,867 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Micron Technology in the 2nd quarter worth about $92,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 2.2%

Shares of MU stock opened at $206.77 on Tuesday. The stock has a market capitalization of $232.09 billion, a P/E ratio of 27.24, a P/E/G ratio of 0.45 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $152.86 and its 200 day moving average is $119.00. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $214.75.

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

Micron Technology Announces Dividend

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 given a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Transactions at Micron Technology

In related news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders have sold 112,956 shares of company stock worth $19,124,145 in the last quarter. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Piper Sandler upped their price target on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Wells Fargo & Company lifted their price objective on Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $200.64.

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.