KCM Investment Advisors LLC Purchases New Position in Micron Technology, Inc. $MU

KCM Investment Advisors LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,058 shares of the semiconductor manufacturer’s stock, valued at approximately $254,000.

Several other institutional investors have also added to or reduced their stakes in MU. Cornerstone Investment Partners LLC raised its stake in shares of Micron Technology by 1.6% in the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after purchasing an additional 12,061 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Micron Technology by 2.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 16,627 shares of the semiconductor manufacturer’s stock worth $2,049,000 after buying an additional 383 shares in the last quarter. RPS Advisory Solutions LLC bought a new stake in Micron Technology in the 2nd quarter worth about $290,000. Savant Capital LLC raised its position in Micron Technology by 10.1% in the 2nd quarter. Savant Capital LLC now owns 18,422 shares of the semiconductor manufacturer’s stock worth $2,271,000 after buying an additional 1,696 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its stake in Micron Technology by 11.8% during the 2nd quarter. Modera Wealth Management LLC now owns 4,476 shares of the semiconductor manufacturer’s stock valued at $552,000 after acquiring an additional 472 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Down 0.2%

MU opened at $237.92 on Monday. The firm’s 50 day simple moving average is $181.33 and its two-hundred day simple moving average is $134.31. The company has a market capitalization of $267.06 billion, a PE ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $246.41. 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 (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the business posted $1.18 EPS. Micron Technology’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued 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 currently 6.06%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, September 17th. Piper Sandler increased their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Itau BBA Securities assumed coverage on shares of Micron Technology in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price for the company. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Finally, Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $205.64.

Insider Buying and Selling

In related 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 397,256 shares of company stock worth $82,321,039. Corporate insiders own 0.30% of the company’s stock.

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.