Lmcg Investments LLC Has $15.60 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Lmcg Investments LLC has reduced its stake in Micron Technology, Inc. by 3.5%, now holding 126,563 shares valued at approximately $15.60 million.
• Micron reported earnings of $2.86 per share for the last quarter, matching analysts' expectations and showing a 46.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.115 with an ex-dividend date of October 3rd, representing an annualized yield of 0.3%.

Lmcg Investments LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,563 shares of the semiconductor manufacturer's stock after selling 4,626 shares during the quarter. Micron Technology makes up 1.0% of Lmcg Investments LLC's portfolio, making the stock its 27th biggest holding. Lmcg Investments LLC's holdings in Micron Technology were worth $15,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the first quarter worth $33,000. AllSquare Wealth Management LLC increased its stake in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology during the first quarter worth $36,000. Hilltop National Bank acquired a new position in Micron Technology during the second quarter worth $37,000. Finally, Saudi Central Bank acquired a new position in Micron Technology during the first quarter worth $38,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Down 5.6%

MU stock opened at $181.60 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $201.00. The company has a 50-day moving average of $142.80 and a two-hundred day moving average of $113.85. The stock has a market capitalization of $203.84 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $11.05 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The business'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. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced 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. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the 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 of the company's stock, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MU. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Wolfe Research increased 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. Barclays increased their target price on shares of Micron Technology from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Itau BBA Securities began coverage on shares of Micron Technology in a research report on Tuesday. They set an "outperform" rating and a $249.00 target price on the stock. Finally, Mizuho increased their target price on shares of Micron Technology from $182.00 to $195.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $191.78.

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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