Forum Financial Management LP Has $3.28 Million Stock Position in Micron Technology, Inc. $MU

Forum Financial Management LP lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,569 shares of the semiconductor manufacturer's stock after selling 3,749 shares during the period. Forum Financial Management LP's holdings in Micron Technology were worth $3,275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kera Capital Partners Inc. acquired a new position in Micron Technology in the 2nd quarter worth about $211,000. Tcfg Wealth Management LLC acquired a new position in Micron Technology in the 2nd quarter worth about $208,000. Krilogy Financial LLC increased its holdings in Micron Technology by 21.5% in the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer's stock worth $3,351,000 after purchasing an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in Micron Technology by 12.1% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer's stock worth $2,135,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC increased its holdings in Micron Technology by 52.1% in the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer's stock worth $2,132,000 after purchasing an additional 5,926 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% 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 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Stock Down 1.9%

Shares of NASDAQ:MU opened at $198.47 on Thursday. The business's 50 day simple moving average is $155.84 and its two-hundred day simple moving average is $120.12. The firm has a market cap of $222.78 billion, a P/E ratio of 26.15, a PEG ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $214.75.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results 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 analyst estimates of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The company's revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is currently 6.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Wedbush increased their price target on Micron Technology from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Erste Group Bank assumed coverage on Micron Technology in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group upped their target price on Micron Technology from $145.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Five equities research 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's stock. According to MarketBeat.com, Micron Technology currently 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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