Evelyn Partners Asset Management Ltd Sells 10,415 Shares of Micron Technology, Inc. $MU

Evelyn Partners Asset Management Ltd decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 69.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,618 shares of the semiconductor manufacturer’s stock after selling 10,415 shares during the quarter. Evelyn Partners Asset Management Ltd’s holdings in Micron Technology were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 1.9% in the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares during the period. Geode Capital Management LLC raised its stake in Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after purchasing an additional 314,489 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Micron Technology by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock worth $602,917,000 after purchasing an additional 58,285 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Micron Technology by 26.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wolfe Research upped their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Raymond James Financial increased their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Wedbush boosted their target price on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Stifel Nicolaus increased their price target on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Five analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $215.64.

Insider Activity

In related news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by insiders.

Micron Technology Trading Up 3.0%

Shares of NASDAQ MU opened at $207.37 on Friday. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business’s 50 day moving average is $201.36 and its two-hundred day moving average is $144.25. The stock has a market capitalization of $233.11 billion, a P/E ratio of 27.32, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The firm had revenue of $11.32 billion during 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 company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Micron Technology 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.