Gilder Gagnon Howe & Co. LLC Has $63.72 Million Position in Micron Technology, Inc. $MU

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,024 shares of the semiconductor manufacturer’s stock after selling 61,193 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Micron Technology were worth $63,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MU. First Command Advisory Services Inc. raised its stake in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology in the 2nd quarter valued at about $30,000. AlphaQuest LLC raised its position 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 valued at $33,000 after buying an additional 265 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Micron Technology during the 2nd quarter worth approximately $37,000. Finally, Dogwood Wealth Management LLC boosted its position in shares of Micron Technology by 259.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 257 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho boosted their price objective on shares of Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. The Goldman Sachs Group boosted their price target on Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company increased their target price on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and a consensus target price of $236.59.

Micron Technology Stock Performance

NASDAQ:MU opened at $241.14 on Friday. The stock’s 50-day moving average is $223.10 and its 200-day moving average is $159.53. The stock has a market cap of $271.07 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 0.44 and a beta of 1.54. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $264.75. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the company earned $1.18 EPS. The firm’s revenue 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. Equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. This trade represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 392,352 shares of company stock valued at $82,994,387. Company insiders own 0.24% of the company’s stock.

About Micron Technology

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.