Donald Smith & CO. Inc. Cuts Stock Holdings in Micron Technology, Inc. $MU

Donald Smith & CO. Inc. trimmed its position in Micron Technology, Inc. (NASDAQ:MU) by 27.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,453 shares of the semiconductor manufacturer’s stock after selling 100,431 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Micron Technology were worth $31,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Citizens Financial Group Inc. RI lifted 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 valued at $742,000 after purchasing an additional 1,702 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in 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 worth $1,361,000 after acquiring an additional 7,103 shares in the last quarter. Founders Financial Alliance LLC purchased a new position in Micron Technology in the first quarter worth about $218,000. Finally, Townsquare Capital LLC lifted its position in Micron Technology by 86.0% in the 1st quarter. Townsquare Capital LLC now owns 43,691 shares of the semiconductor manufacturer’s stock valued at $3,796,000 after acquiring an additional 20,197 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 399,852 shares of company stock worth $84,048,737 over the last three months. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $237.22 on Friday. The business has a fifty day moving average of $215.54 and a 200 day moving average of $154.46. 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 market capitalization of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. The company 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 firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research analyst reports. Wolfe Research lifted their target price on shares of Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Rosenblatt Securities boosted their price target on shares of Micron Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. CLSA began coverage on Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Stifel Nicolaus lifted their target price on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Citigroup lifted their target price on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $221.46.

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.