Certuity LLC Has $33.20 Million Stock Holdings in Micron Technology, Inc. $MU

Certuity LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,407 shares of the semiconductor manufacturer’s stock after selling 45,411 shares during the quarter. Micron Technology comprises 3.1% of Certuity LLC’s portfolio, making the stock its 7th biggest holding. Certuity LLC’s holdings in Micron Technology were worth $33,204,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MU. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 1.9% in the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Norges Bank bought a new position in Micron Technology during the second quarter valued at $1,980,700,000. Invesco Ltd. grew its stake in shares of Micron Technology by 3.2% in the 2nd quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock worth $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 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,061,763 shares of the semiconductor manufacturer’s stock worth $870,362,000 after buying an additional 122,915 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Price Performance

MU opened at $246.92 on Tuesday. The business has a fifty day moving average of $217.21 and a 200 day moving average of $155.94. The stock has a market cap of $277.57 billion, a P/E ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $260.58.

Micron Technology (NASDAQ:MU) last released its 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 business had revenue of $11.32 billion during 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 business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MU shares. Cantor Fitzgerald increased their price target on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. CLSA started coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective on the stock. Wells Fargo & Company lifted their target price on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, Bank of America raised their price target on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $225.04.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred 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 owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 399,852 shares of company stock valued at $84,048,737 over the last 90 days. 0.24% of the stock is currently owned by insiders.

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.