Callan Family Office LLC Raises Stock Position in Micron Technology, Inc. $MU

Key Points

• Callan Family Office LLC increased its stake in Micron Technology by 113.8% during the 2nd quarter, now holding 26,890 shares valued at $3,314,000.
• CEO Sanjay Mehrotra sold 21,563 shares at an average price of $188.47, reducing his stake by 7.33%.
• Micron Technology announced a quarterly dividend of $0.115, with the ex-dividend date on October 3rd, representing a 0.3% yield.

Callan Family Office LLC increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 113.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,890 shares of the semiconductor manufacturer's stock after purchasing an additional 14,315 shares during the quarter. Callan Family Office LLC's holdings in Micron Technology were worth $3,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GFG Capital LLC boosted its holdings in Micron Technology by 1.4% in the second quarter. GFG Capital LLC now owns 27,351 shares of the semiconductor manufacturer's stock worth $3,371,000 after purchasing an additional 367 shares during the last quarter. US Bancorp DE boosted its holdings in Micron Technology by 4.0% in the second quarter. US Bancorp DE now owns 926,355 shares of the semiconductor manufacturer's stock worth $114,173,000 after purchasing an additional 35,503 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Micron Technology by 2,600.0% in the second quarter. Trifecta Capital Advisors LLC now owns 1,026 shares of the semiconductor manufacturer's stock worth $126,000 after purchasing an additional 988 shares during the last quarter. AMI Investment Management Inc. boosted its holdings in Micron Technology by 1.2% in the second quarter. AMI Investment Management Inc. now owns 25,810 shares of the semiconductor manufacturer's stock worth $3,181,000 after purchasing an additional 314 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Micron Technology by 5.3% in the second quarter. Maryland State Retirement & Pension System now owns 54,307 shares of the semiconductor manufacturer's stock worth $6,693,000 after purchasing an additional 2,757 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the sale, the chief executive officer directly owned 272,648 shares in the company, valued at $51,385,968.56. The trade was a 7.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the sale, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock worth $22,841,025 in the last three months. Insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $181.60 on Friday. 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 company has a market cap of $203.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.42 and a beta of 1.56. The firm's fifty day moving average is $142.80 and its two-hundred day moving average is $113.85. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $201.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the previous 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 anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology's payout ratio is 6.06%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MU shares. Itau BBA Securities started coverage on shares of Micron Technology in a report on Tuesday. They issued an "outperform" rating and a $249.00 target price on the stock. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. The Goldman Sachs Group lifted their price target on shares of Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup lifted their price target 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. Finally, Susquehanna lifted their price target 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. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $191.78.

Micron Technology 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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