Yousif Capital Management LLC Decreases Stock Position in Micron Technology, Inc. $MU

Yousif Capital Management LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,075 shares of the semiconductor manufacturer’s stock after selling 241 shares during the quarter. Yousif Capital Management LLC’s holdings in Micron Technology were worth $18,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the first quarter valued at about $33,000. AllSquare Wealth Management LLC increased its holdings in shares of Micron Technology by 100.0% in the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology in the first quarter valued at about $36,000. Hilltop National Bank acquired a new position in shares of Micron Technology in the second quarter valued at about $37,000. Finally, Saudi Central Bank acquired a new position in shares of Micron Technology in the first quarter valued at about $38,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MU. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday. Piper Sandler increased their price objective on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Morgan Stanley raised 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 report on Monday, October 6th. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Barclays increased their price objective on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and an average price target of $191.78.

Micron Technology Stock Down 5.6%

Micron Technology stock opened at $181.60 on Monday. The firm has a market cap of $203.84 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $201.00. The business’s 50-day moving average price is $142.80 and its 200 day moving average price is $114.16. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for 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%.Micron Technology’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 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.115 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s dividend payout ratio is currently 6.06%.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. This represents a 5.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company’s stock.

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.