Lyell Wealth Management LP Reduces Stake in Micron Technology, Inc. $MU

Key Points

• Lyell Wealth Management LP has reduced its stake in Micron Technology, Inc. by 19.6%, selling 2,425 shares and bringing its total holdings to 9,917 shares worth approximately $1.22 million.
• Micron Technology received several analyst upgrades recently, with Morgan Stanley raising its rating to "overweight" and increasing the target price from $160 to $220.
• The company is set to pay a $0.115 quarterly dividend on October 21st, reflecting an annualized dividend yield of 0.2% and a payout ratio of 6.06%.

Lyell Wealth Management LP lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,917 shares of the semiconductor manufacturer's stock after selling 2,425 shares during the quarter. Lyell Wealth Management LP's holdings in Micron Technology were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Micron Technology in the first quarter valued at $36,000. Hilltop National Bank acquired a new stake in Micron Technology during the 2nd quarter worth about $37,000. Saudi Central Bank purchased a new position in shares of Micron Technology during the 1st quarter valued at about $38,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Micron Technology by 91.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer's stock valued at $44,000 after buying an additional 244 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley raised Micron Technology from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $160.00 to $220.00 in a report on Monday, October 6th. The Goldman Sachs Group raised their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, October 9th. Stifel Nicolaus lifted their target price on shares of Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a report on Monday, September 22nd. KGI Securities raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 24th. Finally, Erste Group Bank assumed coverage on shares of Micron Technology in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Five 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $198.32.

Insider Transactions at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction that occurred 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 directly owned 96,031 shares of the company's stock, valued at $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction 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 directly owned 131,580 shares of the company's stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $202.38 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a fifty day moving average of $151.20 and a 200 day moving average of $118.00. The firm has a market cap of $227.17 billion, a PE ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $206.34.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (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 net margin of 22.84% and a return on equity of 17.21%. The company's revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology's dividend payout ratio is presently 6.06%.

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.

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