ABN Amro Investment Solutions Purchases Shares of 52,665 Micron Technology, Inc. $MU

ABN Amro Investment Solutions bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 52,665 shares of the semiconductor manufacturer’s stock, valued at approximately $6,491,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares in the last quarter. Edgestream Partners L.P. increased its stake in Micron Technology by 84.0% in the first quarter. Edgestream Partners L.P. now owns 8,630 shares of the semiconductor manufacturer’s stock valued at $750,000 after acquiring an additional 3,940 shares during the period. Larson Financial Group LLC lifted its position in shares of Micron Technology by 273.5% during the 1st quarter. Larson Financial Group LLC now owns 3,970 shares of the semiconductor manufacturer’s stock worth $345,000 after buying an additional 2,907 shares during the period. Bridgewater Advisors Inc. acquired a new stake in shares of Micron Technology during the 1st quarter worth about $306,000. Finally, Summit X LLC bought a new position in shares of Micron Technology in the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the topic of several research reports. Bank of America upped their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Wells Fargo & Company raised their target price on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. The Goldman Sachs Group upped their price objective on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Raymond James Financial lifted their target price on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, Needham & Company LLC lifted their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average price target of $209.39.

Micron Technology Price Performance

MU stock opened at $236.95 on Friday. The stock’s fifty day simple moving average is $191.24 and its 200-day simple moving average is $138.13. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $257.07. The stock has a market capitalization of $265.97 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during 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 for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares in the company, valued at approximately $98,568,696.16. The trade was a 4.80% 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, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by corporate insiders.

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.