Kovack Advisors Inc. Sells 3,210 Shares of Micron Technology, Inc. $MU

Kovack Advisors Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 39.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,956 shares of the semiconductor manufacturer’s stock after selling 3,210 shares during the period. Kovack Advisors Inc.’s holdings in Micron Technology were worth $611,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. grew its stake in Micron Technology by 0.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 385,505 shares of the semiconductor manufacturer’s stock worth $47,513,000 after acquiring an additional 2,993 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Micron Technology by 2.7% in the second quarter. Mesirow Financial Investment Management Inc. now owns 5,840 shares of the semiconductor manufacturer’s stock valued at $720,000 after purchasing an additional 156 shares during the period. UNIVEST FINANCIAL Corp bought a new position in Micron Technology in the second quarter worth approximately $10,822,000. Adell Harriman & Carpenter Inc. grew its stake in Micron Technology by 1.4% in the second quarter. Adell Harriman & Carpenter Inc. now owns 76,036 shares of the semiconductor manufacturer’s stock worth $9,371,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Micron Technology during the 2nd quarter worth $344,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

MU stock opened at $223.77 on Friday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $232.40. The firm has a market cap of $251.18 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.51 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a 50-day simple moving average of $169.83 and a two-hundred day simple moving average of $128.13.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the business posted $1.18 EPS. Micron Technology’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,256 shares of company stock worth $53,931,979 in the last ninety days. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MU. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. CLSA began coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price on the stock. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.