Huntington National Bank Has $11.60 Million Stock Holdings in Micron Technology, Inc. $MU

Huntington National Bank lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,084 shares of the semiconductor manufacturer’s stock after selling 5,923 shares during the period. Huntington National Bank’s holdings in Micron Technology were worth $11,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC lifted its holdings in shares of Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after buying an additional 99 shares during the last quarter. SilverOak Wealth Management LLC grew its stake in shares of Micron Technology by 3.5% in the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after acquiring an additional 100 shares during the last quarter. HMS Capital Management LLC grew its stake in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after acquiring an additional 107 shares during the last quarter. D.B. Root & Company LLC grew its stake in shares of Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 108 shares during the last quarter. Finally, Werlinich Asset Management LLC grew its stake in shares of Micron Technology by 1.1% in the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity

In other news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 10,602 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.23, for a total transaction of $2,387,888.46. Following the completion of the sale, the chief executive officer owned 409,078 shares in the company, valued at $92,136,637.94. This represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 397,256 shares of company stock worth $82,321,039 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Down 7.1%

MU opened at $218.03 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $237.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm’s fifty day moving average price is $174.23 and its two-hundred day moving average price is $130.76. The company has a market capitalization of $244.73 billion, a P/E ratio of 28.73, a P/E/G ratio of 0.51 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. 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 for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The business’s revenue 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 anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analyst Weigh In

MU has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. raised their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Erste Group Bank initiated coverage on shares of Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Susquehanna raised their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $202.79.

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.