Grantham Mayo Van Otterloo & Co. LLC Trims Stock Position in Micron Technology, Inc. $MU

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 23.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 181,686 shares of the semiconductor manufacturer’s stock after selling 56,303 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Micron Technology were worth $22,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in 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 acquiring an additional 976 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Micron Technology by 2.1% during the 1st quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer’s stock worth $570,000 after purchasing an additional 138 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Micron Technology by 112.8% in the 1st quarter. Arkadios Wealth Advisors now owns 32,059 shares of the semiconductor manufacturer’s stock valued at $2,786,000 after buying an additional 16,993 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in Micron Technology by 20.1% in the first quarter. Sound View Wealth Advisors Group LLC now owns 19,208 shares of the semiconductor manufacturer’s stock valued at $1,669,000 after buying an additional 3,209 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Micron Technology by 16.5% during the first quarter. Harbour Investments Inc. now owns 17,989 shares of the semiconductor manufacturer’s stock worth $1,563,000 after buying an additional 2,546 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 409,756 shares of company stock worth $85,308,033 in the last three months. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MU shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Barclays lifted their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Finally, Piper Sandler boosted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $216.11.

Micron Technology Price Performance

Shares of MU opened at $237.10 on Friday. The firm has a market capitalization of $266.53 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 0.51 and a beta of 1.62. The firm’s fifty day simple moving average is $208.12 and its 200-day simple moving average is $149.25. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. Micron Technology’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. Equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) 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.