Whittier Trust Co. Raises Position in Micron Technology, Inc. $MU

Key Points

• Whittier Trust Co. increased its stake in Micron Technology by 222.7% during Q2, holding 4,298 shares now worth $530,000.
• Micron reported $2.86 EPS for the last quarter, meeting analysts' expectations, with revenue of $11.32 billion, up 46.1% year-over-year.
• JPMorgan and Cantor Fitzgerald both raised their price targets for Micron shares to $220.00 and $200.00 respectively, with multiple analysts giving a strong buy rating.

Whittier Trust Co. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 222.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,298 shares of the semiconductor manufacturer's stock after purchasing an additional 2,966 shares during the period. Whittier Trust Co.'s holdings in Micron Technology were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Micron Technology by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer's stock worth $602,917,000 after purchasing an additional 58,285 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer's stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Micron Technology by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer's stock worth $379,417,000 after purchasing an additional 17,970 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MU shares. JPMorgan Chase & Co. lifted their price objective 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. Cantor Fitzgerald lifted their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. BNP Paribas raised shares of Micron Technology from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, October 13th. CLSA started coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an "outperform" rating and a $155.00 price target on the stock. Finally, Wedbush lifted their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $200.64.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,256 shares of company stock worth $25,564,625. 0.30% of the stock is owned by company insiders.

Micron Technology Trading Up 4.2%

NASDAQ MU opened at $206.71 on Friday. 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 market cap of $232.03 billion, a PE ratio of 27.23, a P/E/G ratio of 0.44 and a beta of 1.56. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $214.75. The firm's fifty day moving average is $157.46 and its two-hundred day moving average is $121.07.

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, meeting analysts' consensus estimates of $2.86. The company 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%. Micron Technology's quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's payout ratio 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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