Garner Asset Management Corp Has $589,000 Stake in Micron Technology, Inc. $MU

Garner Asset Management Corp reduced its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,779 shares of the semiconductor manufacturer’s stock after selling 378 shares during the period. Garner Asset Management Corp’s holdings in Micron Technology were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Command Advisory Services Inc. grew its holdings in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares in the last quarter. AlphaQuest LLC boosted its position in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. Hilltop National Bank bought a new position in Micron Technology in the second quarter valued at approximately $37,000. Saudi Central Bank bought a new position in Micron Technology in the first quarter valued at approximately $38,000. Finally, Dogwood Wealth Management LLC increased its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 257 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, 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. Over the last quarter, insiders have sold 409,756 shares of company stock valued at $85,308,033. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp increased their price objective on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Erste Group Bank initiated coverage on shares of Micron Technology in a research report on Thursday, August 14th. They set a “buy” rating on the stock. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Citigroup raised their target price on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $216.11.

Micron Technology Stock Up 2.6%

Shares of MU opened at $230.26 on Thursday. The firm has a market cap of $258.84 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. 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 $260.58. The firm’s 50-day simple moving average is $205.41 and its 200 day simple moving average is $147.67.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the business posted $1.18 earnings per share. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

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.