Bristlecone Advisors LLC Sells 845 Shares of Micron Technology, Inc. $MU

Bristlecone Advisors LLC trimmed its stake in Micron Technology, Inc. (NASDAQ:MU) by 21.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,175 shares of the semiconductor manufacturer’s stock after selling 845 shares during the period. Bristlecone Advisors LLC’s holdings in Micron Technology were worth $391,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Zhang Financial LLC increased its position in shares of Micron Technology by 1.3% in the second quarter. Zhang Financial LLC now owns 35,655 shares of the semiconductor manufacturer’s stock worth $4,394,000 after purchasing an additional 464 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of Micron Technology by 1.4% in the second quarter. New York Life Investment Management LLC now owns 167,724 shares of the semiconductor manufacturer’s stock worth $20,672,000 after purchasing an additional 2,369 shares during the last quarter. Private Wealth Partners LLC bought a new position in shares of Micron Technology in the second quarter worth approximately $222,000. Howard Capital Management Inc. increased its position in shares of Micron Technology by 6.6% in the second quarter. Howard Capital Management Inc. now owns 28,412 shares of the semiconductor manufacturer’s stock worth $3,502,000 after purchasing an additional 1,771 shares during the last quarter. Finally, First National Trust Co bought a new position in shares of Micron Technology in the second quarter worth approximately $238,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 248,756 shares of company stock worth $48,801,245. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Micron Technology in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. UBS Group increased their price target on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $160.00 to $220.00 in a research report on Monday, October 6th. Finally, Wedbush increased their price target 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. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $202.79.

Micron Technology Stock Performance

NASDAQ:MU opened at $226.63 on Thursday. The firm has a market cap of $254.39 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $232.40. 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 business has a 50 day moving average price of $165.54 and a 200-day moving average price of $125.99.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

About Micron Technology

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.