Private Wealth Partners LLC Takes Position in Micron Technology, Inc. $MU

Private Wealth Partners LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,804 shares of the semiconductor manufacturer’s stock, valued at approximately $222,000.

Several other institutional investors also recently made changes to their positions in MU. Nuveen LLC bought a new position in shares of Micron Technology during the first quarter valued at approximately $369,191,000. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in shares of Micron Technology during the first quarter valued at approximately $96,253,000. 80.84% of the stock is owned by institutional investors.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,256 shares of company stock valued at $25,564,625. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $220.10 on Tuesday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $224.98. The stock has a fifty day moving average of $161.36 and a 200-day moving average of $123.83. The company has a market capitalization of $247.06 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

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

Micron Technology Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MU shares. Wells Fargo & Company boosted their price objective on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Bank of America boosted their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. UBS Group boosted their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial boosted their price objective on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $160.00 to $220.00 in a research report on Monday, October 6th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $201.89.

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.