Brookwood Investment Group LLC Trims Stock Holdings in Micron Technology, Inc. $MU

Brookwood Investment Group LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 81.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,469 shares of the semiconductor manufacturer’s stock after selling 20,094 shares during the period. Brookwood Investment Group LLC’s holdings in Micron Technology were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. First Command Advisory Services Inc. grew its stake in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. Solstein Capital LLC purchased a new position in Micron Technology in the 2nd quarter valued at approximately $45,000. Nisa Investment Advisors LLC grew its stake in Micron Technology by 3.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 272,331 shares of the semiconductor manufacturer’s stock valued at $33,565,000 after buying an additional 9,002 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in Micron Technology by 12.6% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,199 shares of the semiconductor manufacturer’s stock valued at $394,000 after buying an additional 359 shares in the last quarter. Finally, QV Investors Inc. grew its stake in Micron Technology by 0.7% in the 2nd quarter. QV Investors Inc. now owns 18,455 shares of the semiconductor manufacturer’s stock valued at $2,275,000 after buying an additional 120 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Up 0.5%

Shares of NASDAQ:MU opened at $220.10 on Tuesday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $224.98. The firm has a fifty day moving average of $161.36 and a 200 day moving average of $123.83. The firm has a market capitalization of $247.06 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 0.50 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.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (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 company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The firm’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. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were 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 directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,256 shares of company stock worth $25,564,625. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MU. BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Wolfe Research boosted their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Itau BBA Securities initiated coverage on shares of Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target for the company. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Finally, New Street Research restated a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $201.89.

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.