Quilter Plc Sells 9,179 Shares of Micron Technology, Inc. $MU

Quilter Plc lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 163,940 shares of the semiconductor manufacturer’s stock after selling 9,179 shares during the period. Quilter Plc’s holdings in Micron Technology were worth $20,206,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MU. Empirical Finance LLC increased its holdings in shares of Micron Technology by 2.8% in the second quarter. Empirical Finance LLC now owns 39,006 shares of the semiconductor manufacturer’s stock worth $4,807,000 after purchasing an additional 1,052 shares during the last quarter. EMC Capital Management increased its stake in Micron Technology by 50.0% in the 2nd quarter. EMC Capital Management now owns 4,500 shares of the semiconductor manufacturer’s stock worth $555,000 after acquiring an additional 1,500 shares during the last quarter. Alteri Wealth LLC bought a new stake in Micron Technology in the 2nd quarter worth approximately $356,000. TD Waterhouse Canada Inc. raised its holdings in shares of Micron Technology by 46.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 37,925 shares of the semiconductor manufacturer’s stock worth $4,583,000 after acquiring an additional 11,989 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its position in shares of Micron Technology by 18.7% during the 2nd quarter. TRUE Private Wealth Advisors now owns 20,385 shares of the semiconductor manufacturer’s stock valued at $2,513,000 after acquiring an additional 3,212 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. UBS Group increased their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Cantor Fitzgerald lifted their price target on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Wolfe Research lifted their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $214.57.

Micron Technology Stock Down 1.1%

Micron Technology stock opened at $225.92 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market cap of $253.59 billion, a P/E ratio of 29.77, a P/E/G ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The business has a fifty day moving average of $199.35 and a two-hundred day moving average of $142.96.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (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 company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The firm’s quarterly 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 forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the company’s 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 transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 409,756 shares of company stock worth $85,308,033 over the last ninety days. Insiders own 0.30% of the company’s stock.

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.