Brookstone Capital Management Sells 3,658 Shares of Micron Technology, Inc. $MU

Key Points

• Brookstone Capital Management reduced its stake in Micron Technology, Inc. by 11.6% in Q2, selling 3,658 shares, leaving them with 27,879 shares valued at approximately $3.4 million.
• Micron recently reported Q4 earnings matching estimates at $2.86 EPS, with revenues of $11.32 billion, exceeding expectations and marking a 46.1% increase year-over-year.
• The company announced a quarterly dividend of $0.115 per share, with a 0.2% yield, while institutional investors own approximately 80.84% of the stock.

Brookstone Capital Management cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,879 shares of the semiconductor manufacturer's stock after selling 3,658 shares during the quarter. Brookstone Capital Management's holdings in Micron Technology were worth $3,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SilverOak Wealth Management LLC increased its stake in shares of Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after acquiring an additional 100 shares during the last quarter. HMS Capital Management LLC increased its stake in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after acquiring an additional 107 shares during the last quarter. D.B. Root & Company LLC increased its stake in shares of Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares during the last quarter. Werlinich Asset Management LLC increased its stake in shares of Micron Technology by 1.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer's stock valued at $1,317,000 after acquiring an additional 115 shares during the last quarter. Finally, Rise Advisors LLC increased its stake in shares of Micron Technology by 5.3% in the 1st quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer's stock valued at $206,000 after acquiring an additional 120 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Trading Up 4.2%

NASDAQ:MU opened at $206.71 on Friday. The company has a market cap of $232.03 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 0.44 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $214.75. The business has a 50 day moving average price of $157.46 and a two-hundred day moving average price of $121.07.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on 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 transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,256 shares of company stock worth $25,564,625 in the last 90 days. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Cantor Fitzgerald increased their target price on Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. TD Cowen upped their price target on Micron Technology from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Wedbush upped their price target on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology has an average rating of "Buy" and an average price target of $200.64.

Micron Technology Company Profile

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.

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