Westwood Holdings Group Inc. Grows Stock Position in Micron Technology, Inc. $MU

Westwood Holdings Group Inc. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 69.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,904 shares of the semiconductor manufacturer’s stock after acquiring an additional 42,859 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Micron Technology were worth $12,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Command Advisory Services Inc. raised its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. AlphaQuest LLC grew its holdings in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. AllSquare Wealth Management LLC increased its position 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 buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the first quarter worth $36,000. Finally, Hilltop National Bank purchased a new stake in shares of Micron Technology in the second quarter valued at $37,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ MU opened at $246.83 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $257.07. The company has a market cap of $277.06 billion, a PE ratio of 32.52, a PEG ratio of 0.51 and a beta of 1.62. The stock’s 50-day moving average price is $193.55 and its two-hundred day moving average price is $139.74.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. 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 for the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the firm posted $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. On average, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current 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 dividend of $0.115 per share. 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 6.06%.

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 409,756 shares of company stock worth $85,308,033 over the last three months. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MU shares. Citigroup boosted their target price on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. The Goldman Sachs Group upped their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Cantor Fitzgerald boosted their price target on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $209.39.

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.