Baird Financial Group Inc. Has $30.56 Million Holdings in Micron Technology, Inc. $MU

Baird Financial Group Inc. raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 42.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,929 shares of the semiconductor manufacturer’s stock after buying an additional 73,559 shares during the quarter. Baird Financial Group Inc.’s holdings in Micron Technology were worth $30,557,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Micron Technology by 103.7% in the first quarter. Wealthspire Advisors LLC now owns 11,546 shares of the semiconductor manufacturer’s stock worth $1,003,000 after purchasing an additional 5,877 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Micron Technology by 24.9% during the first quarter. Citizens Financial Group Inc. RI now owns 8,532 shares of the semiconductor manufacturer’s stock worth $742,000 after purchasing an additional 1,702 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock valued at $602,917,000 after buying an additional 58,285 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Micron Technology by 75.8% in the first quarter. Chicago Partners Investment Group LLC now owns 16,469 shares of the semiconductor manufacturer’s stock valued at $1,361,000 after buying an additional 7,103 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other news, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 399,852 shares of company stock valued at $84,048,737 over the last quarter. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

MU has been the topic of several research analyst reports. Erste Group Bank assumed coverage on shares of Micron Technology in a research note on Thursday, August 14th. They set a “buy” rating on the stock. Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Barclays upped their target price on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Raymond James Financial boosted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Itau BBA Securities assumed coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price objective on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $221.46.

Micron Technology Stock Up 4.7%

NASDAQ:MU opened at $237.22 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The stock has a 50-day moving average price of $215.54 and a two-hundred day moving average price of $154.06. The stock has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 0.47 and a beta of 1.54. 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 (NASDAQ:MU) last released its quarterly 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. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio is 6.06%.

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.