Blair William & Co. IL Sells 13,192 Shares of Micron Technology, Inc. $MU

Blair William & Co. IL cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,958 shares of the semiconductor manufacturer’s stock after selling 13,192 shares during the period. Blair William & Co. IL’s holdings in Micron Technology were worth $36,230,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the first quarter worth $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Micron Technology during the 1st quarter worth about $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology during the 2nd quarter valued at about $37,000. Finally, Saudi Central Bank bought a new stake in Micron Technology in the first quarter valued at about $38,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock opened at $192.33 on Friday. The business’s fifty day moving average is $141.26 and its two-hundred day moving average is $113.25. 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 firm has a market cap of $215.88 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.43 and a beta of 1.56. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $201.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

MU has been the subject of a number of analyst reports. TD Cowen raised their price target on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $160.00 to $220.00 in a report on Monday. JPMorgan Chase & Co. boosted their price target on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. UBS Group increased their price objective on Micron Technology from $195.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $191.78.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock valued at $22,841,025 over the last three months. 0.30% of the stock is owned by insiders.

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.