Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $3.24 Million in Micron Technology, Inc. $MU

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the second quarter, HoldingsChannel reports. The fund acquired 26,310 shares of the semiconductor manufacturer’s stock, valued at approximately $3,243,000. Micron Technology makes up approximately 1.3% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. First Command Advisory Services Inc. increased its stake in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Micron Technology during the 2nd quarter valued at $30,000. AlphaQuest LLC lifted its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. Hilltop National Bank bought a new position in Micron Technology in the 2nd quarter worth $37,000. Finally, Dogwood Wealth Management LLC increased its stake in Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 257 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Stifel Nicolaus lifted their target price on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Mizuho increased their price objective on shares of Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $228.66.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $246.92 on Tuesday. The firm has a fifty day simple moving average of $217.21 and a two-hundred day simple moving average of $155.94. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. 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 stock has a market capitalization of $277.57 billion, a P/E ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the company earned $1.18 EPS. The business’s revenue 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, analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 399,852 shares of company stock worth $84,048,737 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Micron Technology Company 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.