Nisa Investment Advisors LLC Acquires 9,002 Shares of Micron Technology, Inc. $MU

Nisa Investment Advisors LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 272,331 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,002 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Micron Technology were worth $33,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of Micron Technology during the 1st quarter valued at about $369,191,000. Vanguard Group Inc. grew its holdings in Micron Technology by 2.1% during 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 buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after acquiring an additional 2,038,641 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 purchasing an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new position in Micron Technology in the first quarter worth about $96,253,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were 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 in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares of the company’s stock, valued at $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,256 shares of company stock worth $25,564,625 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MU shares. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a report on Monday, October 13th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Bank of America upped their price target on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Finally, New Street Research restated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $200.64.

Micron Technology Trading Up 6.0%

Shares of Micron Technology stock opened at $219.02 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $219.82. 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 company’s fifty day moving average is $159.43 and its two-hundred day moving average is $122.53. The company has a market capitalization of $245.84 billion, a P/E ratio of 28.86, a PEG ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. The company had revenue of $11.32 billion for 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%.The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.