Crestwood Advisors Group LLC Cuts Stock Holdings in Micron Technology, Inc. $MU

Crestwood Advisors Group LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,604 shares of the semiconductor manufacturer’s stock after selling 212 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Micron Technology were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MU. First Command Advisory Services Inc. grew its stake in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. AlphaQuest LLC boosted its holdings in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. AllSquare Wealth Management LLC boosted its holdings in Micron Technology by 100.0% during the first 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 last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology in the 1st quarter worth about $36,000. Finally, Hilltop National Bank purchased a new stake in Micron Technology in the 2nd quarter valued at about $37,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 397,256 shares of company stock worth $82,321,039. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $238.33 on Friday. 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 $246.41. The firm has a market capitalization of $267.52 billion, a P/E ratio of 31.40, a PEG ratio of 0.51 and a beta of 1.62. The business has a fifty day moving average price of $178.95 and a 200-day moving average price of $132.25.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion for 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 firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MU shares. Susquehanna boosted their target price on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. Erste Group Bank assumed coverage on Micron Technology in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Arete Research upgraded Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Citigroup boosted their price target on shares of Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $202.79.

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.