Koshinski Asset Management Inc. Has $1.90 Million Stock Position in Micron Technology, Inc. $MU

Key Points

• Koshinski Asset Management Inc. has reduced its stake in Micron Technology by 8.1% in Q2, now holding 15,418 shares valued at approximately $1.90 million.
• Multiple institutional investors, including Brighton Jones LLC and Envestnet Portfolio Solutions Inc., have increased their holdings in Micron Technology, with a total of 80.84% of the stock now held by institutional investors.
• Micron Technology reported strong quarterly earnings, with $2.86 per share and a revenue of $11.32 billion, surpassing analyst estimates and showing a 46.1% year-over-year revenue growth.

Koshinski Asset Management Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,418 shares of the semiconductor manufacturer's stock after selling 1,361 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Micron Technology were worth $1,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake 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 period. GAMMA Investing LLC boosted its position in shares of Micron Technology by 20.5% during the first 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 during the period. Johnson Investment Counsel Inc. boosted its position in shares of Micron Technology by 25.2% during the first quarter. Johnson Investment Counsel Inc. now owns 9,017 shares of the semiconductor manufacturer's stock worth $783,000 after buying an additional 1,814 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Micron Technology by 178.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 65,927 shares of the semiconductor manufacturer's stock worth $5,728,000 after buying an additional 42,211 shares in the last quarter. Finally, PFG Investments LLC raised its position in Micron Technology by 7.9% in the 1st quarter. PFG Investments LLC now owns 24,663 shares of the semiconductor manufacturer's stock valued at $2,143,000 after buying an additional 1,813 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the sale, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares in the company, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

MU has been the subject of a number of recent research reports. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 24th. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They issued an "outperform" rating and a $155.00 target price for the company. Wolfe Research boosted their price target 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. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen raised Micron Technology from a "buy" rating to a "strong-buy" rating in a research report on Sunday, October 12th. Five investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $198.32.

Micron Technology Stock Down 0.1%

Shares of MU stock opened at $202.38 on Friday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $206.34. The stock has a market cap of $227.17 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. The firm's 50-day moving average is $151.20 and its 200-day moving average is $117.70. 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 (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts' consensus estimates of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business's revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is currently 6.06%.

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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