ARS Investment Partners LLC Lowers Stake in Micron Technology, Inc. $MU

ARS Investment Partners LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,807 shares of the semiconductor manufacturer’s stock after selling 46,874 shares during the period. Micron Technology comprises about 3.1% of ARS Investment Partners LLC’s investment portfolio, making the stock its 7th biggest holding. ARS Investment Partners LLC’s holdings in Micron Technology were worth $42,251,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MU. Brighton Jones LLC raised its position in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Micron Technology by 9.0% in the first quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the semiconductor manufacturer’s stock worth $461,000 after acquiring an additional 436 shares during the period. OneAscent Financial Services LLC grew its stake in shares of Micron Technology by 120.5% in the first quarter. OneAscent Financial Services LLC now owns 6,972 shares of the semiconductor manufacturer’s stock worth $612,000 after acquiring an additional 3,810 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Micron Technology by 67.0% during the first quarter. J.W. Cole Advisors Inc. now owns 29,273 shares of the semiconductor manufacturer’s stock valued at $2,544,000 after purchasing an additional 11,740 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Micron Technology by 11.0% during the first quarter. Lindbrook Capital LLC now owns 4,543 shares of the semiconductor manufacturer’s stock valued at $395,000 after purchasing an additional 451 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred 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 sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $228.50 on Wednesday. The company has a market capitalization of $256.48 billion, a P/E ratio of 30.11, a P/E/G ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $260.58. The firm’s 50 day simple moving average is $197.63 and its two-hundred day simple moving average is $142.38. 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 (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm 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 posted $1.18 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Needham & Company LLC raised their price target on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. TD Cowen upped their price objective on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Wells Fargo & Company increased their target price on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Wedbush raised their target price on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $211.18.

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.