Micron Technology, Inc. $MU Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,829 shares of the semiconductor manufacturer’s stock after selling 4,818 shares during the period. Micron Technology comprises 3.2% of Channing Global Advisors LLC’s portfolio, making the stock its 11th largest holding. Channing Global Advisors LLC’s holdings in Micron Technology were worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC boosted its stake in shares of Micron Technology by 1.9% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after acquiring an additional 99 shares in the last quarter. SilverOak Wealth Management LLC raised its holdings in Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 100 shares during the last quarter. Beta Wealth Group Inc. raised its holdings in Micron Technology by 1.5% during the second quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock worth $839,000 after purchasing an additional 102 shares during the last quarter. HMS Capital Management LLC boosted its position in Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after purchasing an additional 107 shares in the last quarter. Finally, D.B. Root & Company LLC grew its holdings in Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after purchasing an additional 108 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Down 0.2%

Shares of MU stock opened at $237.92 on Friday. The company has a market capitalization of $267.06 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $181.33 and a 200 day moving average price of $133.44. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $246.41.

Micron Technology (NASDAQ:MU) last released its quarterly 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. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 397,256 shares of company stock valued at $82,321,039 over the last quarter. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

MU has been the subject of a number of research analyst reports. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Itau BBA Securities assumed coverage on shares of Micron Technology in a report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price for the company. UBS Group lifted their target price on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company increased their price target on shares of Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $205.64.

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.