Bristlecone Advisors LLC Reduces Stock Holdings in Micron Technology, Inc. $MU

Bristlecone Advisors LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 21.0% in the second quarter, HoldingsChannel.com reports. The fund owned 3,175 shares of the semiconductor manufacturer’s stock after selling 845 shares during the period. Bristlecone Advisors LLC’s holdings in Micron Technology were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the period. Mather Group LLC. raised its holdings in Micron Technology by 4.7% in the first quarter. Mather Group LLC. now owns 8,258 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 371 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Micron Technology by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,804 shares of the semiconductor manufacturer’s stock worth $12,234,000 after purchasing an additional 7,478 shares in the last quarter. Pictet North America Advisors SA raised its holdings in Micron Technology by 4.2% in the first quarter. Pictet North America Advisors SA now owns 60,007 shares of the semiconductor manufacturer’s stock worth $5,214,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Compound Global Advisors LLC bought a new position in Micron Technology in the first quarter worth $348,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MU. New Street Research reiterated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Micron Technology in a report on Tuesday, October 14th. CLSA assumed coverage on Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. The Goldman Sachs Group raised their price target on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Citigroup raised their price target on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a report on Monday. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $202.79.

Micron Technology Price Performance

NASDAQ MU opened at $226.63 on Thursday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $232.40. The stock has a 50-day moving average of $165.54 and a 200 day moving average of $125.99. The company has a market capitalization of $254.39 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the company earned $1.18 EPS. Micron Technology’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm 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 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. The trade was a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 248,756 shares of company stock valued at $48,801,245 over the last quarter. Corporate 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.