Carmel Capital Partners LLC Raises Stake in Micron Technology, Inc. $MU

Carmel Capital Partners LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 16.5% in the second quarter, Holdings Channel reports. The fund owned 20,503 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,899 shares during the quarter. Micron Technology accounts for approximately 0.9% of Carmel Capital Partners LLC’s portfolio, making the stock its 24th largest position. Carmel Capital Partners LLC’s holdings in Micron Technology were worth $2,527,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in Micron Technology in the second quarter worth about $37,000. Dogwood Wealth Management LLC lifted its stake in Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 257 shares during the period. AllSquare Wealth Management LLC lifted its stake in Micron Technology by 100.0% in the first 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. purchased a new stake in Micron Technology in the first quarter worth about $36,000. Finally, Saudi Central Bank purchased a new stake in Micron Technology in the first quarter worth about $38,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares in the company, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is owned by insiders.

Micron Technology Stock Performance

MU opened at $202.38 on Friday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $206.34. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $227.16 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56. The firm’s 50-day moving average price is $151.20 and its 200-day moving average price is $117.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior 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. As a group, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MU. Wolfe Research upped their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Susquehanna increased their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group increased their price target on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Rosenblatt Securities increased their price target on shares of Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $198.32.

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.