Aspire Growth Partners LLC Cuts Holdings in Micron Technology, Inc. $MU

Aspire Growth Partners LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 32.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,101 shares of the semiconductor manufacturer’s stock after selling 992 shares during the period. Aspire Growth Partners LLC’s holdings in Micron Technology were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MU. First Command Advisory Services Inc. raised its position in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. AlphaQuest LLC raised its holdings in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. Hilltop National Bank bought a new position in Micron Technology in the second quarter worth about $37,000. Dogwood Wealth Management LLC lifted its position in shares of Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 257 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $45,000. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 409,756 shares of company stock valued at $85,308,033. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MU shares. Wedbush boosted their price objective 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. Barclays lifted their price target on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Citigroup upped their target price on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $216.11.

Micron Technology Trading Up 3.0%

Shares of NASDAQ:MU opened at $237.10 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $260.58. The business has a 50 day moving average of $208.12 and a two-hundred day moving average of $149.25. The company has a market capitalization of $266.53 billion, a PE ratio of 31.24, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $11.05 billion. During the same period in the previous year, the firm earned $1.18 EPS. The business’s quarterly revenue 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 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date was 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 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.