Stephens Inc. AR Lowers Holdings in Micron Technology, Inc. $MU

Stephens Inc. AR decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,814 shares of the semiconductor manufacturer’s stock after selling 308 shares during the quarter. Stephens Inc. AR’s holdings in Micron Technology were worth $2,072,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MU. Nuveen LLC purchased a new stake in shares of Micron Technology during the 1st quarter worth about $369,191,000. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after purchasing an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. acquired a new position in Micron Technology during the 1st quarter worth approximately $96,253,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value 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 approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,256 shares of company stock valued at $25,564,625. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MU shares. Piper Sandler boosted their price target on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Monday, October 13th. TD Cowen boosted their price target on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Bank of America boosted 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. Finally, Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $200.64.

Micron Technology Stock Performance

MU stock opened at $198.47 on Thursday. 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 firm has a market cap of $222.78 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $214.75. The stock’s 50 day simple moving average is $155.84 and its 200 day simple moving average is $120.12.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates 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 was up 46.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

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.