Micron Technology, Inc. $MU Stake Increased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.8% during the second quarter, HoldingsChannel reports. The fund owned 1,929,673 shares of the semiconductor manufacturer’s stock after acquiring an additional 187,818 shares during the quarter. Lazard Asset Management LLC’s holdings in Micron Technology were worth $237,831,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Micron Technology by 11.7% during the first quarter. Benjamin Edwards Inc. now owns 5,387 shares of the semiconductor manufacturer’s stock valued at $468,000 after buying an additional 564 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Micron Technology by 95.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 16,244 shares of the semiconductor manufacturer’s stock worth $1,411,000 after buying an additional 7,930 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Micron Technology by 65.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 353,272 shares of the semiconductor manufacturer’s stock worth $30,696,000 after buying an additional 139,839 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $629,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of Micron Technology stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 392,352 shares of company stock valued at $82,994,387. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of MU opened at $241.14 on Friday. The firm has a fifty day moving average of $223.10 and a 200-day moving average of $159.53. The company has a market cap of $271.07 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 0.44 and a beta of 1.54. 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 1 year low of $61.54 and a 1 year high of $264.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion for 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 quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued 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 6.06%.

Wall Street Analysts Forecast Growth

MU has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays boosted their target price on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Susquehanna raised their price target on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Finally, Bank of America boosted their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently 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.