Cerity Partners LLC Purchases 25,572 Shares of Micron Technology, Inc. $MU

Cerity Partners LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,745 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,572 shares during the quarter. Cerity Partners LLC’s holdings in Micron Technology were worth $12,785,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Gabelli Funds LLC raised its holdings in Micron Technology by 1.4% during the second quarter. Gabelli Funds LLC now owns 21,800 shares of the semiconductor manufacturer’s stock worth $2,687,000 after acquiring an additional 300 shares in the last quarter. Jump Financial LLC raised its stake in shares of Micron Technology by 456.1% during the 2nd quarter. Jump Financial LLC now owns 57,056 shares of the semiconductor manufacturer’s stock worth $7,032,000 after purchasing an additional 46,796 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $1,233,000. Victory Financial Group LLC bought a new position in shares of Micron Technology in the second quarter valued at $465,000. Finally, Shepherd Financial Partners LLC bought a new position in shares of Micron Technology in the second quarter valued at $247,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 392,352 shares of company stock valued at $82,994,387 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 4.5%

Shares of NASDAQ MU opened at $263.71 on Thursday. The stock has a market capitalization of $296.44 billion, a P/E ratio of 34.74, a PEG ratio of 0.43 and a beta of 1.54. The stock’s fifty day moving average is $220.54 and its 200 day moving average is $157.80. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $264.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data 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 business 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%. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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 dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MU shares. Citigroup increased their price target on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. UBS Group upped their price target on shares of Micron Technology from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average target price of $232.28.

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.