American Century Companies Inc. Acquires 571,209 Shares of Micron Technology, Inc. $MU

American Century Companies Inc. raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 245.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,788 shares of the semiconductor manufacturer’s stock after acquiring an additional 571,209 shares during the quarter. American Century Companies Inc. owned about 0.07% of Micron Technology worth $99,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Micron Technology during the 1st quarter valued at $369,191,000. Vanguard Group Inc. boosted its position in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 buying an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 worth $590,807,000 after purchasing an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of Micron Technology in the 1st quarter valued at approximately $96,253,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Trading Up 0.3%

Shares of NASDAQ:MU opened at $224.53 on Wednesday. The stock has a market cap of $252.40 billion, a PE ratio of 29.58, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. The business has a 50 day moving average of $204.00 and a 200-day moving average of $147.09.

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

Micron Technology Announces Dividend

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

Insiders Place Their Bets

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’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 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 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective 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. Morgan Stanley raised their price target on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday. Erste Group Bank started coverage on shares of Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Citigroup upped their target price on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Five 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 company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus price target of $216.11.

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.