Atria Investments Inc Has $2.49 Million Stock Holdings in Micron Technology, Inc. $MU

Atria Investments Inc trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,238 shares of the semiconductor manufacturer’s stock after selling 1,824 shares during the quarter. Atria Investments Inc’s holdings in Micron Technology were worth $2,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MU. Vanguard Group Inc. increased its position in 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 acquiring an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. increased its position in Micron Technology by 23.8% in 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 period. Charles Schwab Investment Management Inc. increased its position in Micron Technology by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after acquiring an additional 58,285 shares during the period. Dimensional Fund Advisors LP increased its position in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Micron Technology by 1.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,434,898 shares of the semiconductor manufacturer’s stock valued at $546,601,000 after acquiring an additional 68,267 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Wolfe Research upped their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Susquehanna upped their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $202.79.

Insider Activity at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction 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 directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% 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 the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 397,256 shares of company stock valued at $82,321,039 in the last ninety days. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 4.9%

MU opened at $234.70 on Tuesday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $237.62. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $172.20 and a 200-day moving average of $129.71. The stock has a market cap of $263.44 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the company posted $1.18 earnings per share. Micron Technology’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, sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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