D.A. Davidson & CO. Trims Holdings in Micron Technology, Inc. $MU

Key Points

• D.A. Davidson & CO. reduced its holdings in Micron Technology by 15.5%, selling 10,204 shares and now owning 55,793 shares valued at approximately $6.88 million.
• Micron Technology reported quarterly earnings of $2.86 per share, meeting analysts' estimates, with revenue increasing 46.1% year-over-year to $11.32 billion.
• Several hedge funds, including Vanguard Group and Goldman Sachs, have increased their stakes in Micron Technology, contributing to institutional ownership of 80.84% of the company's stock.

D.A. Davidson & CO. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,793 shares of the semiconductor manufacturer's stock after selling 10,204 shares during the period. D.A. Davidson & CO.'s holdings in Micron Technology were worth $6,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Nuveen LLC purchased a new stake in Micron Technology in the first quarter worth $369,191,000. Vanguard Group Inc. grew its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in shares of Micron Technology during the 1st quarter worth $96,253,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Price Performance

Shares of MU stock opened at $206.71 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $214.75. The stock's 50-day moving average is $157.46 and its 200 day moving average is $121.07. The company has a market cap of $232.03 billion, a P/E ratio of 27.23, a PEG ratio of 0.44 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts' consensus estimates of $2.86. 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 the consensus estimate of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is 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 dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company's stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,256 shares of company stock valued at $25,564,625. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MU shares. Wolfe Research increased their price target on Micron Technology from $160.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. BNP Paribas Exane raised Micron Technology from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Mizuho increased their price target on Micron Technology from $195.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, October 17th. Finally, UBS Group increased their price target on Micron Technology from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $200.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.