Chicago Partners Investment Group LLC Has $2.24 Million Holdings in Micron Technology, Inc. $MU

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Micron Technology, Inc. by 10.2%, owning 18,152 shares valued at $2.24 million as of the latest SEC disclosure.
• Institutional ownership of Micron Technology stock is substantial, with 80.84% of shares held by institutional investors and hedge funds.
• Micron Technology reported a strong quarter with $2.86 EPS, meeting expectations, while also announcing a quarterly dividend of $0.115 per share.

Chicago Partners Investment Group LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,152 shares of the semiconductor manufacturer's stock after acquiring an additional 1,683 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Micron Technology were worth $2,237,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kera Capital Partners Inc. acquired a new stake in Micron Technology during the 2nd quarter valued at $211,000. Tcfg Wealth Management LLC acquired a new position in Micron Technology during the second quarter valued at approximately $208,000. Krilogy Financial LLC lifted its position in shares of Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock worth $3,351,000 after buying an additional 4,812 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in shares of Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock worth $2,135,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Kercheville Advisors LLC boosted its position in Micron Technology by 52.1% in the second quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer's stock valued at $2,132,000 after buying an additional 5,926 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In related news, Director Richard M. Beyer sold 5,552 shares of the firm'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 transaction, the director directly owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock valued at $22,841,025 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of recent research reports. Citigroup lifted their price target on Micron Technology from $200.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Wells Fargo & Company upped their target price on shares of Micron Technology from $170.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Finally, Wall Street Zen raised shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday, October 12th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and an average price target of $198.32.

Micron Technology Stock Down 0.1%

Micron Technology stock opened at $202.38 on Monday. 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, Inc. has a 1-year low of $61.54 and a 1-year high of $206.34. The firm has a market capitalization of $227.17 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 0.45 and a beta of 1.56. The firm has a 50 day simple moving average of $151.20 and a 200 day simple moving average of $118.00.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results 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 return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the company earned $1.18 EPS. The firm's 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 predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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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