Avenir Tech Ltd Takes Position in Micron Technology, Inc. $MU

Avenir Tech Ltd purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 32,000 shares of the semiconductor manufacturer’s stock, valued at approximately $3,944,000. Micron Technology comprises approximately 0.3% of Avenir Tech Ltd’s portfolio, making the stock its 8th largest position.

Other large investors have also recently made changes to their positions in the company. Orleans Capital Management Corp LA purchased a new stake in Micron Technology during the 2nd quarter worth about $256,000. Wealthspire Advisors LLC grew its position in shares of Micron Technology by 27.8% during the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after buying an additional 3,208 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after buying an additional 23,600 shares during the period. WealthBridge Capital Management LLC acquired a new stake in Micron Technology in the second quarter valued at approximately $210,000. Finally, Achmea Investment Management B.V. acquired a new stake in Micron Technology in the second quarter valued at approximately $3,759,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $246.92 on Tuesday. The firm’s fifty day simple moving average is $217.21 and its 200-day simple moving average is $155.94. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $260.58. The stock has a market capitalization of $277.57 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued 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 dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company’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 completion of the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 399,852 shares of company stock worth $84,048,737. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho boosted their price target on shares of Micron Technology from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Raymond James Financial raised their price target on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Barclays increased their price objective on Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $225.04.

About Micron Technology

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.