Callan Family Office LLC Grows Position in Micron Technology, Inc. $MU

Callan Family Office LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 113.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,890 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,315 shares during the period. Callan Family Office LLC’s holdings in Micron Technology were worth $3,314,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology during the 1st quarter worth about $33,000. AllSquare Wealth Management LLC boosted its stake in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Micron Technology in the 1st quarter valued at about $36,000. Hilltop National Bank purchased a new stake in Micron Technology in the 2nd quarter valued at about $37,000. Finally, Saudi Central Bank purchased a new stake in Micron Technology in the 1st quarter valued at about $38,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Down 5.6%

NASDAQ:MU opened at $181.60 on Friday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $201.00. 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 firm has a market cap of $203.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 0.42 and a beta of 1.56. The firm has a 50-day simple moving average of $142.80 and a 200-day simple moving average of $113.85.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the business posted $1.18 EPS. The company’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 anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology’s payout ratio is 6.06%.

Analysts Set New Price Targets

Several research firms have issued reports on MU. KeyCorp boosted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Rosenblatt Securities boosted their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Piper Sandler boosted their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Wedbush boosted their price objective on shares of Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $191.78.

Insider Activity

In related news, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,956 shares of company stock worth $22,841,025. 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.