Avalon Global Asset Management LLC Grows Stake in Micron Technology, Inc. $MU

Avalon Global Asset Management LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,560 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,000 shares during the period. Micron Technology accounts for 1.8% of Avalon Global Asset Management LLC’s holdings, making the stock its 16th biggest holding. Avalon Global Asset Management LLC’s holdings in Micron Technology were worth $14,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MU. Cary Street Partners Financial LLC lifted its holdings in shares of Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares in the last quarter. Cerity Partners LLC increased its holdings in Micron Technology by 32.7% in the 2nd quarter. Cerity Partners LLC now owns 103,745 shares of the semiconductor manufacturer’s stock valued at $12,785,000 after acquiring an additional 25,572 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Micron Technology by 1.4% during the 2nd quarter. Gabelli Funds LLC now owns 21,800 shares of the semiconductor manufacturer’s stock valued at $2,687,000 after purchasing an additional 300 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Micron Technology by 456.1% during the 2nd quarter. Jump Financial LLC now owns 57,056 shares of the semiconductor manufacturer’s stock valued at $7,032,000 after purchasing an additional 46,796 shares during the last quarter. Finally, Nkcfo LLC bought a new position in shares of Micron Technology during the 2nd quarter valued at about $1,233,000. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MU has been the topic of a number of research analyst reports. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research note on Monday, October 13th. KeyCorp upped their price objective on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Mizuho increased their target price on Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $221.46.

Micron Technology Stock Up 4.7%

NASDAQ:MU opened at $237.22 on Monday. The company has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $215.54 and a 200-day simple moving average of $154.87.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

Insider Transactions at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 399,852 shares of company stock valued at $84,048,737. Company insiders own 0.24% of the company’s stock.

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.