Creekmur Asset Management LLC Has $1.12 Million Stock Holdings in Micron Technology, Inc. $MU

Creekmur Asset Management LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 46.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,113 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,874 shares during the quarter. Creekmur Asset Management LLC’s holdings in Micron Technology were worth $1,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares in the last quarter. Mather Group LLC. raised its holdings in Micron Technology by 4.7% during the first quarter. Mather Group LLC. now owns 8,258 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 371 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Micron Technology by 5.7% in the 1st quarter. Private Trust Co. NA now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $428,000 after acquiring an additional 267 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Micron Technology by 44.5% in the 1st quarter. Teacher Retirement System of Texas now owns 214,541 shares of the semiconductor manufacturer’s stock worth $18,641,000 after purchasing an additional 66,041 shares during the last quarter. Finally, Capital Investment Counsel Inc lifted its holdings in Micron Technology by 23.2% in the 1st quarter. Capital Investment Counsel Inc now owns 5,850 shares of the semiconductor manufacturer’s stock worth $508,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 248,756 shares of company stock worth $48,801,245 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. UBS Group boosted their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Mizuho boosted their price objective on shares of Micron Technology from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. Rosenblatt Securities boosted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, CLSA started coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $202.79.

Micron Technology Stock Performance

NASDAQ MU opened at $224.01 on Friday. The company’s fifty day moving average is $167.71 and its two-hundred day moving average is $126.67. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $232.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market capitalization of $251.44 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 0.51 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. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was 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%.

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.