Balefire LLC Purchases 4,843 Shares of Micron Technology, Inc. $MU

Balefire LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 51.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,250 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,843 shares during the quarter. Balefire LLC’s holdings in Micron Technology were worth $2,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Micron Technology during the second quarter worth $1,980,700,000. Slate Path Capital LP bought a new position in Micron Technology in the second quarter valued at approximately $317,751,000. Vanguard Group Inc. increased its stake in shares of Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after acquiring an additional 1,973,294 shares during the last quarter. State Street Corp lifted its holdings in Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its position in shares of Micron Technology by 50.2% during the second quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock worth $426,165,000 after acquiring an additional 1,156,086 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 383,650 shares of company stock worth $81,602,339. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Trading Down 3.0%

Shares of NASDAQ:MU opened at $225.52 on Thursday. 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, Inc. has a 1 year low of $61.54 and a 1 year high of $264.75. The company has a market cap of $253.51 billion, a P/E ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54. The stock’s fifty day moving average price is $225.54 and its 200-day moving average price is $162.83.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the business earned $1.79 EPS. The company’s quarterly revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MU shares. CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective for the company. Bank of America upped their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Raymond James Financial boosted their target price on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wolfe Research boosted their target price on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley boosted their price target on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $247.18.

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.