Micron Technology, Inc. $MU Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,784 shares of the semiconductor manufacturer’s stock after selling 6,176 shares during the quarter. Cresset Asset Management LLC’s holdings in Micron Technology were worth $3,548,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after buying an additional 314,489 shares in the last quarter. Norges Bank acquired a new position in Micron Technology in the second quarter worth approximately $1,980,700,000. Invesco Ltd. increased its holdings in shares of Micron Technology by 3.2% in the second quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock valued at $1,098,583,000 after buying an additional 277,507 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Micron Technology by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,061,763 shares of the semiconductor manufacturer’s stock valued at $870,362,000 after buying an additional 122,915 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was 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 represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 399,852 shares of company stock valued at $84,048,737 in the last three months. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MU shares. Morgan Stanley raised their price objective on Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. The Goldman Sachs Group upped their target price on Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Barclays increased their price target on Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. UBS Group boosted their price objective on Micron Technology from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Susquehanna upped their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Five research 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 company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $221.46.

Micron Technology Price Performance

Shares of MU opened at $237.22 on Monday. The business’s 50-day moving average is $215.54 and its 200-day moving average is $154.87. 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 company has a market capitalization of $266.67 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 0.50 and a beta of 1.54. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $260.58.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business 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 dividend payout ratio is 6.06%.

Micron Technology 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.