Deroy & Devereaux Private Investment Counsel Inc. Sells 85,259 Shares of Micron Technology, Inc. $MU

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Micron Technology by 35.4%, selling 85,259 shares during the 2nd quarter, resulting in ownership of 155,618 shares valued at $19.18 million.
• Micron Technology reported a $2.86 earnings per share for the latest quarter, matching analyst estimates and reflecting a 46.1% year-over-year revenue increase to $11.32 billion.
• The company announced a quarterly dividend of $0.115 per share, which will be paid on October 21st, representing a 0.2% annual yield.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 35.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,618 shares of the semiconductor manufacturer's stock after selling 85,259 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Micron Technology were worth $19,180,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MU. Brighton Jones LLC lifted its position in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Micron Technology by 20.5% during the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer's stock worth $1,873,000 after buying an additional 3,667 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Micron Technology during the 1st quarter worth approximately $33,000. Dynamic Advisor Solutions LLC lifted its position in shares of Micron Technology by 31.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,379 shares of the semiconductor manufacturer's stock worth $641,000 after buying an additional 1,780 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Micron Technology by 6.1% during the 1st quarter. Ritholtz Wealth Management now owns 21,094 shares of the semiconductor manufacturer's stock worth $1,833,000 after buying an additional 1,219 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Trading Down 3.0%

Shares of MU stock opened at $187.06 on Wednesday. The company has a 50 day moving average of $146.06 and a 200-day moving average of $115.39. 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 12-month low of $61.54 and a 12-month high of $201.00. The firm has a market cap of $209.97 billion, a P/E ratio of 24.65, a PEG ratio of 0.42 and a beta of 1.56.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the business posted $1.18 EPS. Micron Technology's quarterly 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. Sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction on 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 sale, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the sale, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock valued at $22,841,025 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MU shares. Morgan Stanley raised shares of Micron Technology from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $160.00 to $220.00 in a research report on Monday, October 6th. CLSA started coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price on the stock. Wolfe Research lifted their target price 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. Cantor Fitzgerald lifted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, BNP Paribas raised shares of Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $194.57.

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.

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