1832 Asset Management L.P. Reduces Position in Micron Technology, Inc. $MU

1832 Asset Management L.P. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 99.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,800 shares of the semiconductor manufacturer’s stock after selling 3,390,200 shares during the quarter. 1832 Asset Management L.P.’s holdings in Micron Technology were worth $1,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MU. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of Micron Technology by 24.9% in the 1st quarter. Citizens Financial Group Inc. RI now owns 8,532 shares of the semiconductor manufacturer’s stock valued at $742,000 after acquiring an additional 1,702 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Micron Technology by 75.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 16,469 shares of the semiconductor manufacturer’s stock worth $1,361,000 after buying an additional 7,103 shares during the last quarter. Founders Financial Alliance LLC purchased a new stake in Micron Technology during the first quarter valued at about $218,000. Finally, Townsquare Capital LLC raised its holdings in shares of Micron Technology by 86.0% during the 1st quarter. Townsquare Capital LLC now owns 43,691 shares of the semiconductor manufacturer’s stock valued at $3,796,000 after buying an additional 20,197 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

MU has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Wedbush increased 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. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Stifel Nicolaus raised their price objective on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Finally, CLSA assumed coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price on the stock. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $221.46.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 399,852 shares of company stock valued at $84,048,737 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Micron Technology Trading Up 4.7%

Shares of MU stock opened at $237.22 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a fifty day moving average price of $215.54 and a 200-day moving average price of $154.46. The company has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 0.50 and a beta of 1.54. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter last 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 predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued 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 (DPR) is currently 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.