Micron Technology, Inc. $MU Stock Position Lifted by Brighton Jones LLC

Brighton Jones LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 1.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,784 shares of the semiconductor manufacturer’s stock after purchasing an additional 148 shares during the quarter. Brighton Jones LLC’s holdings in Micron Technology were worth $959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC grew its stake in shares of Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. Hilltop National Bank bought a new position in shares of Micron Technology in the second quarter worth $37,000. Dogwood Wealth Management LLC grew its stake in shares of Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 257 shares in the last quarter. AllSquare Wealth Management LLC grew its stake 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 worth $35,000 after purchasing an additional 200 shares in the last quarter. Finally, Curio Wealth LLC grew its stake in shares of Micron Technology by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $49,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 0.5%

Shares of NASDAQ MU opened at $220.10 on Tuesday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $224.98. The company has a market cap of $247.06 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 0.50 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $161.36 and a 200-day simple moving average of $123.83.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the business posted $1.18 earnings per share. Micron Technology’s 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. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm 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%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MU shares. TD Cowen increased their price target on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Itau BBA Securities began coverage on Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price for the company. Susquehanna raised their target price on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $160.00 to $220.00 in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Micron Technology has an average rating of “Buy” and a consensus target price of $201.89.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the sale, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,256 shares of company stock worth $25,564,625 in the last 90 days. 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.