Stephens Consulting LLC Lowers Holdings in Micron Technology, Inc. $MU

Stephens Consulting LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 297 shares of the semiconductor manufacturer’s stock after selling 97 shares during the period. Stephens Consulting LLC’s holdings in Micron Technology were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. SPC Financial Inc. boosted its position in shares of Micron Technology by 4.2% during the 2nd quarter. SPC Financial Inc. now owns 4,967 shares of the semiconductor manufacturer’s stock worth $612,000 after purchasing an additional 200 shares in the last quarter. CWM LLC boosted its position in shares of Micron Technology by 233.5% during the 2nd quarter. CWM LLC now owns 111,233 shares of the semiconductor manufacturer’s stock worth $13,709,000 after purchasing an additional 77,881 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Micron Technology by 13.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 130,204 shares of the semiconductor manufacturer’s stock worth $16,048,000 after purchasing an additional 14,948 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of Micron Technology by 19.5% during the 2nd quarter. Sovereign Financial Group Inc. now owns 9,031 shares of the semiconductor manufacturer’s stock worth $1,113,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Micron Technology by 39.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,968 shares of the semiconductor manufacturer’s stock worth $2,215,000 after purchasing an additional 5,077 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 5.6%

Shares of MU stock opened at $181.60 on Monday. The firm has a 50-day moving average price of $142.80 and a 200 day moving average price of $114.16. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00. The company has a market capitalization of $203.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.40 and a beta of 1.56. 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 announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting 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 the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology’s payout ratio is presently 6.06%.

Analysts Set New Price Targets

Several brokerages have commented on MU. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Bank of America boosted their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group boosted their target price on shares of Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday. Wolfe Research boosted their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, KeyCorp boosted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $191.78.

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.