Great Lakes Advisors LLC Has $69.40 Million Stake in Micron Technology, Inc. $MU

Key Points

• Great Lakes Advisors LLC reduced its stake in Micron Technology, Inc. by 6.5%, owning 803,115 shares valued at approximately $69.40 million as of the latest SEC filing.
• Analysts are optimistic about Micron's stock performance, with targets set between $150.00 and $200.00 and a consensus rating of "Moderate Buy."
• Micron reported strong earnings for the quarter, with $1.91 EPS exceeding estimates and revenues of $9.30 billion, alongside announcing a quarterly dividend of $0.115 per share.

Great Lakes Advisors LLC lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 803,115 shares of the semiconductor manufacturer's stock after selling 55,793 shares during the quarter. Great Lakes Advisors LLC owned 0.07% of Micron Technology worth $69,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 during the period. Goldman Sachs Group Inc. increased its position in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Micron Technology by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after acquiring an additional 58,285 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after acquiring an additional 1,416,174 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Micron Technology by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock valued at $379,417,000 after acquiring an additional 17,970 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of Micron Technology stock traded up $4.76 during trading on Wednesday, hitting $140.00. 25,669,345 shares of the stock were exchanged, compared to its average volume of 15,756,141. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $118.30 and a 200-day moving average price of $102.13. The stock has a market capitalization of $156.68 billion, a price-to-earnings ratio of 23.52 and a beta of 1.47. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $142.24.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter last year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio is 8.29%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MU shares. TD Cowen increased their target price on Micron Technology from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. UBS Group increased their price objective on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. KGI Securities cut Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Citigroup raised their price target on shares of Micron Technology from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Erste Group Bank began coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.54.

Insider Buying and Selling at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,446 shares of company stock worth $32,908,469. 0.30% of the stock is currently owned by corporate insiders.

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.