Rosenberg Matthew Hamilton Lowers Stock Holdings in Micron Technology, Inc. $MU

Rosenberg Matthew Hamilton reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,186 shares of the semiconductor manufacturer’s stock after selling 101 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Micron Technology were worth $146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clarius Group LLC grew its stake in shares of Micron Technology by 57.9% during the first quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after buying an additional 5,220 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of Micron Technology during the second quarter valued at about $211,000. Tcfg Wealth Management LLC bought a new position in shares of Micron Technology during the second quarter valued at about $208,000. Krilogy Financial LLC grew its stake in shares of Micron Technology by 21.5% in the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after purchasing an additional 4,812 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after purchasing an additional 1,875 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was 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 of the company’s stock, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock valued at $22,841,025 in the last quarter. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the topic of several recent analyst reports. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised their target price on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Itau BBA Securities initiated coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price on the stock. Raymond James Financial raised their target price on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $194.57.

Micron Technology Stock Performance

Shares of MU opened at $191.94 on Thursday. 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, Inc. has a one year low of $61.54 and a one year high of $201.00. The company has a 50-day simple moving average of $147.72 and a two-hundred day simple moving average of $115.92. The firm has a market capitalization of $215.45 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting 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 period last year, the business posted $1.18 earnings per share. Micron Technology’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. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced 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. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

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.