Bailard Inc. Sells 792 Shares of Micron Technology, Inc. $MU

Bailard Inc. reduced its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,314 shares of the semiconductor manufacturer’s stock after selling 792 shares during the period. Bailard Inc.’s holdings in Micron Technology were worth $5,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Micron Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after acquiring an additional 314,489 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Micron Technology by 10.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 484,626 shares of the semiconductor manufacturer’s stock worth $59,730,000 after purchasing an additional 47,813 shares in the last quarter. Bouchey Financial Group Ltd lifted its stake in Micron Technology by 2.2% in the 2nd quarter. Bouchey Financial Group Ltd now owns 7,126 shares of the semiconductor manufacturer’s stock valued at $878,000 after purchasing an additional 153 shares during the last quarter. Apex Wealth Management LLC acquired a new stake in Micron Technology in the second quarter valued at approximately $250,000. Finally, Wealth Quarterback LLC bought a new stake in shares of Micron Technology during the second quarter worth $248,000. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 409,756 shares of company stock valued at $85,308,033. Company insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 1.6%

NASDAQ:MU opened at $244.90 on Thursday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $257.07. The firm’s fifty day moving average is $188.99 and its 200-day moving average is $137.44. The firm has a market cap of $274.89 billion, a P/E ratio of 32.27, a P/E/G ratio of 0.51 and a beta of 1.62. 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 issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MU. Piper Sandler increased their price target on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Barclays raised their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $205.64.

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.