Ferguson Wellman Capital Management Inc. Sells 76,149 Shares of Micron Technology, Inc. $MU

Key Points

• Ferguson Wellman Capital Management Inc. reduced its stake in Micron Technology by 34.8%, selling 76,149 shares and now holding 142,712 shares valued at approximately $17.59 million.
• Micron Technology reported earnings of $1.91 per share for the last quarter, exceeding estimates, and has set Q4 2025 guidance between 2.350-2.650 EPS.
• Several research firms, including CLSA and Barclays, have set optimistic price targets for Micron Technology, contributing to a consensus rating of "Moderate Buy" with a projected price target of $159.65.

Ferguson Wellman Capital Management Inc. reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 34.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,712 shares of the semiconductor manufacturer's stock after selling 76,149 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Micron Technology were worth $17,589,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MU. Nuveen LLC bought a new stake in Micron Technology in the 1st quarter valued at $369,191,000. Vanguard Group Inc. boosted its holdings in Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the period. GAMMA Investing LLC boosted its holdings in Micron Technology by 10,369.6% in the 1st quarter. GAMMA Investing LLC now owns 1,873,435 shares of the semiconductor manufacturer's stock valued at $162,783,000 after purchasing an additional 1,855,541 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the period. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MU. KGI Securities downgraded shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Mizuho increased their price objective on shares of Micron Technology from $155.00 to $182.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley increased their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Susquehanna increased their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the company a "positive" rating in a research note on Wednesday. Finally, Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.

Insider Activity at Micron Technology

In related news, EVP Scott J. Deboer sold 20,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the sale, the executive vice president owned 166,353 shares in the company, valued at approximately $20,812,423.83. This represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president directly owned 148,167 shares of the company's stock, valued at $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,946 shares of company stock worth $34,242,567. Corporate insiders own 0.30% of the company's stock.

Micron Technology Price Performance

NASDAQ:MU traded down $6.16 during mid-day trading on Friday, reaching $162.73. 37,222,841 shares of the company were exchanged, compared to its average volume of 19,869,376. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $170.45. The company has a fifty day moving average of $123.82 and a 200 day moving average of $105.58. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market cap of $182.11 billion, a PE ratio of 29.32 and a beta of 1.47.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter last year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology's payout ratio is 8.29%.

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.