Micron Technology, Inc. $MU Stake Raised by Corient Private Wealth LLC

Corient Private Wealth LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 64.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 485,961 shares of the semiconductor manufacturer’s stock after purchasing an additional 190,122 shares during the period. Corient Private Wealth LLC’s holdings in Micron Technology were worth $59,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Command Advisory Services Inc. boosted its holdings in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the 2nd quarter worth $30,000. AlphaQuest LLC grew its holdings in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the last quarter. WealthCollab LLC grew its holdings in shares of Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 270 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Micron Technology during the second quarter worth $37,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 384,852 shares of company stock valued at $81,806,895 over the last three months. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Morgan Stanley raised their target price on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. TD Cowen boosted their price target on shares of Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Wedbush upped their price target on shares of Micron Technology from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Micron Technology in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $239.34.

Micron Technology Stock Down 1.5%

MU opened at $237.50 on Tuesday. The firm has a market cap of $266.98 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The business has a 50 day moving average price of $224.03 and a 200 day moving average price of $161.41. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $264.75.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced 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 payout ratio is currently 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.