Micron Technology, Inc. $MU Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its position in Micron Technology, Inc. (NASDAQ:MU) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,763 shares of the semiconductor manufacturer’s stock after selling 500 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Micron Technology were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kera Capital Partners Inc. acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $211,000. Tcfg Wealth Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $208,000. Krilogy Financial LLC lifted its holdings in shares of Micron Technology by 21.5% in the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after acquiring an additional 4,812 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in shares of Micron Technology by 12.1% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Kercheville Advisors LLC lifted its holdings in shares of Micron Technology by 52.1% in the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after acquiring an additional 5,926 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Down 0.1%

Shares of NASDAQ: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’s 50 day moving average is $151.20 and its two-hundred day moving average is $117.70. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market cap of $227.17 billion, a PE ratio of 26.66, a P/E/G ratio of 0.45 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the firm posted $1.18 EPS. The company’s quarterly 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 analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MU. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Citigroup upped their target price on shares of Micron Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research note on Monday, October 13th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $198.32.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the sale, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock valued at $22,841,025. Insiders own 0.30% of the company’s stock.

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.