352,124 Shares in Micron Technology, Inc. $MU Acquired by Fred Alger Management LLC

Fred Alger Management LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 352,124 shares of the semiconductor manufacturer's stock, valued at approximately $30,636,000.

• Micron Stock Still Cheap Despite 25% Rally, Analysts Say

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC bought a new stake in Micron Technology during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter worth approximately $33,000. AllSquare Wealth Management LLC raised its holdings in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology during the first quarter worth approximately $36,000. Finally, Roxbury Financial LLC raised its holdings in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $131.37 on Monday. The company's fifty day moving average is $117.85 and its two-hundred day moving average is $101.67. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $131.41. The company has a market cap of $147.02 billion, a P/E ratio of 23.67 and a beta of 1.47.

• Deeply Undervalued, Micron Technologies Stock Isn’t Pricing in AI

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Insider Activity at Micron Technology

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In other news, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 260,946 shares of company stock worth $31,927,244. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

MU has been the topic of several research reports. Zacks Research raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Wall Street Zen raised Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Friday. Arete Research raised Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Susquehanna upped their price target on Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a report on Thursday, June 26th. Finally, Wedbush upped their price target on Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and an average target price of $147.54.

Read Our Latest Analysis on Micron Technology

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.

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