Hazlett Burt & Watson Inc. Has $818,000 Position in Micron Technology, Inc. $MU

Hazlett Burt & Watson Inc. lowered its holdings in Micron Technology, Inc. (NASDAQ:MU) by 35.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,624 shares of the semiconductor manufacturer’s stock after selling 3,665 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Micron Technology were worth $818,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HMS Capital Management LLC boosted its stake in shares of Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after acquiring an additional 107 shares during the period. D.B. Root & Company LLC boosted its stake in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 108 shares during the period. Werlinich Asset Management LLC boosted its stake in shares of Micron Technology by 1.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after acquiring an additional 115 shares during the period. Rise Advisors LLC lifted its holdings in Micron Technology by 5.3% during the 1st quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock worth $206,000 after purchasing an additional 120 shares during the last quarter. Finally, Orca Wealth Management LLC lifted its holdings in Micron Technology by 1.5% during the 1st quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock worth $737,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $181.60 on Monday. The stock has a market capitalization of $203.84 billion, a PE ratio of 23.93, a P/E/G ratio of 0.40 and a beta of 1.56. 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 business has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $114.16. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two 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 earnings per share for the quarter, meeting the consensus estimate of $2.86. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The transaction 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 business’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 transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock worth $22,841,025 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MU shares. Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating for the company. Robert W. Baird lifted their price target on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Cantor Fitzgerald lifted their price target on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group lifted their price target on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $191.78.

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.