Hazlett Burt & Watson Inc. Has $818,000 Position in Micron Technology, Inc. $MU

Key Points

• Hazlett Burt & Watson Inc. reduced its stake in Micron Technology by 35.6%, now holding 6,624 shares valued at $818,000.
• Micron announced a quarterly dividend of $0.115, with an ex-dividend date set for October 3rd.
• Several analysts have raised their price targets for Micron Technology, with UBS Group increasing theirs from $195.00 to $225.00 and Morgan Stanley from $160.00 to $220.00.

Hazlett Burt & Watson Inc. reduced its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 35.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,624 shares of the semiconductor manufacturer's stock after selling 3,665 shares during the quarter. Hazlett Burt & Watson Inc.'s holdings in Micron Technology were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its holdings in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Micron Technology by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer's stock worth $1,873,000 after purchasing an additional 3,667 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its holdings in Micron Technology by 13.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,004 shares of the semiconductor manufacturer's stock worth $1,130,000 after purchasing an additional 1,553 shares during the last quarter. CVA Family Office LLC increased its position in Micron Technology by 22.6% in the 1st quarter. CVA Family Office LLC now owns 1,425 shares of the semiconductor manufacturer's stock worth $124,000 after buying an additional 263 shares during the period. Finally, Goldstone Financial Group LLC lifted its holdings in shares of Micron Technology by 21.9% during the first quarter. Goldstone Financial Group LLC now owns 3,449 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 619 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

MU opened at $181.60 on Monday. The stock has a market cap of $203.84 billion, a PE ratio of 23.93, a P/E/G ratio of 0.40 and a beta of 1.56. 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 $201.00. The stock's 50 day simple moving average is $142.80 and its 200-day simple moving average is $114.16.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.Micron Technology's quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology's payout ratio is currently 6.06%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research upped their price target on Micron Technology from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. UBS Group upped their price target on Micron Technology from $195.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. KeyCorp upped their price target on Micron Technology from $160.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Morgan Stanley upgraded Micron Technology from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $160.00 to $220.00 in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $191.78.

Insider Activity at Micron Technology

In related news, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares of the company's stock, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 131,580 shares in the company, valued at approximately $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 a total of 146,956 shares of company stock valued at $22,841,025 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

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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