Micron Technology, Inc. $MU Holdings Cut by Blair William & Co. IL

Key Points

• Blair William & Co. IL has reduced its stake in Micron Technology by 4.3%, now holding 293,958 shares worth approximately $36.23 million.
• Micron recently declared a quarterly dividend of $0.115, with an annualized yield of 0.2%, and will be paid on October 21st.
• The company's quarterly earnings met analyst estimates with an EPS of $2.86, alongside a significant year-over-year revenue increase of 46.1% to $11.32 billion.

Blair William & Co. IL reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,958 shares of the semiconductor manufacturer's stock after selling 13,192 shares during the period. Blair William & Co. IL's holdings in Micron Technology were worth $36,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Micron Technology in the first quarter valued at about $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the 1st quarter valued at about $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $37,000. Finally, Saudi Central Bank acquired a new position in Micron Technology in the first quarter worth approximately $38,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Down 2.1%

Micron Technology stock opened at $192.33 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 fifty-two week low of $61.54 and a fifty-two week high of $201.00. The firm has a fifty day moving average price of $141.26 and a two-hundred day moving average price of $113.25. The firm has a market cap of $215.88 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 0.43 and a beta of 1.56.

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

Micron Technology Announces Dividend

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 given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's payout ratio is currently 6.06%.

Insiders Place Their Bets

In other news, Director Richard M. Beyer sold 5,552 shares of the 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 completion of the sale, the director directly owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock valued at $22,841,025 in the last three months. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MU has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. CLSA initiated coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $155.00 price objective for the company. Morgan Stanley upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $160.00 to $220.00 in a report on Monday. Citigroup raised their target price on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, KeyCorp boosted their price target on Micron Technology from $160.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of "Buy" and an average target price of $191.78.

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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