Adage Capital Partners GP L.L.C. Purchases 12,600 Shares of Micron Technology, Inc. $MU

Adage Capital Partners GP L.L.C. increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,183,503 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,600 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.11% of Micron Technology worth $145,867,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 392,352 shares of company stock worth $82,994,387 in the last three months. 0.24% of the stock is owned by company insiders.

Micron Technology Price Performance

NASDAQ MU opened at $241.14 on Friday. The company has a market cap of $271.07 billion, a PE ratio of 31.77, a P/E/G ratio of 0.44 and a beta of 1.54. The firm’s 50 day moving average price is $223.10 and its 200-day moving average price is $159.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $264.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion during 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%. Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid 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 was Friday, October 3rd. Micron Technology’s dividend payout ratio is 6.06%.

Wall Street Analyst Weigh In

Several brokerages have commented on MU. Raymond James Financial upped their price objective on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Morgan Stanley upped their price target on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. The Goldman Sachs Group raised their price target on shares of Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald upped their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $236.59.

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.