Jackson Creek Investment Advisors LLC Acquires 2,542 Shares of Micron Technology, Inc. $MU

Jackson Creek Investment Advisors LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 68.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,263 shares of the semiconductor manufacturer’s stock after buying an additional 2,542 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Micron Technology were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MU. American Capital Advisory LLC increased its stake in Micron Technology by 20.4% during the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares in the last quarter. Teamwork Financial Advisors LLC grew its position in Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after purchasing an additional 53 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Micron Technology by 0.5% in the third quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after acquiring an additional 53 shares in the last quarter. Lodestone Wealth Management LLC increased its position in shares of Micron Technology by 3.2% during the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after acquiring an additional 53 shares during the last quarter. Finally, Allen Capital Group LLC increased its position in shares of Micron Technology by 1.2% during the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Insider Buying and Selling at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Teyin M. Liu acquired 11,600 shares of the stock in a transaction on Tuesday, January 13th. The shares were bought at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the purchase, the director directly owned 14,310 shares of the company’s stock, valued at $4,823,471.70. The trade was a 428.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 61,123 shares valued at $19,547,151. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

MU opened at $437.66 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock’s 50 day moving average price is $305.59 and its 200-day moving average price is $214.69. The stock has a market capitalization of $492.59 billion, a PE ratio of 41.60 and a beta of 1.51. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50.

Micron Technology (NASDAQ:MUGet Free Report) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period last year, the company posted $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. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Hsbc Global Res raised shares of Micron Technology to a “strong-buy” rating in a report on Friday, January 23rd. Sanford C. Bernstein upped their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Piper Sandler increased their price target on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, HSBC increased their price objective on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued 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 a consensus target price of $349.76.

View Our Latest Analysis on MU

About Micron Technology

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

See Also

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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