Lmcg Investments LLC Sells 4,626 Shares of Micron Technology, Inc. $MU

Lmcg Investments LLC decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.5% in the second quarter, Holdings Channel reports. The firm owned 126,563 shares of the semiconductor manufacturer’s stock after selling 4,626 shares during the quarter. Micron Technology comprises about 1.0% of Lmcg Investments LLC’s portfolio, making the stock its 27th biggest holding. Lmcg Investments LLC’s holdings in Micron Technology were worth $15,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the period. GAMMA Investing LLC lifted its stake in Micron Technology by 20.5% during the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock worth $1,873,000 after purchasing an additional 3,667 shares during the period. Integrated Advisors Network LLC lifted its stake in Micron Technology by 17.9% during the first quarter. Integrated Advisors Network LLC now owns 5,816 shares of the semiconductor manufacturer’s stock worth $505,000 after purchasing an additional 882 shares during the period. CX Institutional lifted its stake in Micron Technology by 15.0% during the first quarter. CX Institutional now owns 7,854 shares of the semiconductor manufacturer’s stock worth $682,000 after purchasing an additional 1,027 shares during the period. Finally, Simon Quick Advisors LLC lifted its stake in Micron Technology by 55.4% during the first quarter. Simon Quick Advisors LLC now owns 6,672 shares of the semiconductor manufacturer’s stock worth $580,000 after purchasing an additional 2,378 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s 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 in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock valued at $22,841,025 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Stock Down 5.6%

Shares of MU opened at $181.60 on Friday. The firm has a market capitalization of $203.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.42 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. The business’s fifty day moving average price is $142.80 and its two-hundred day moving average price is $113.85. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $201.00.

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 firm 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 quarterly revenue was up 46.1% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Analyst Ratings Changes

MU has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Wedbush raised their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Arete Research raised shares of Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, CLSA started coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $191.78.

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.