RD Lewis Holdings Inc. Sells 650 Shares of Micron Technology, Inc. $MU

RD Lewis Holdings Inc. trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,570 shares of the semiconductor manufacturer’s stock after selling 650 shares during the period. RD Lewis Holdings Inc.’s holdings in Micron Technology were worth $1,056,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wealthspire Advisors LLC grew its holdings in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after purchasing an additional 3,208 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of Micron Technology in the 2nd quarter worth $3,759,000. KLP Kapitalforvaltning AS increased its position in Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after buying an additional 23,600 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in Micron Technology by 1.6% in the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after buying an additional 12,061 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Micron Technology by 6.4% in the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after acquiring an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 3.0%

Shares of Micron Technology stock opened at $207.37 on Friday. The stock has a market cap of $233.11 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm has a fifty day moving average price of $201.36 and a 200 day moving average price of $144.25. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In other news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MU shares. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Wolfe Research raised their price target on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Finally, Raymond James Financial upped their target price on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $215.64.

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.