Kovack Advisors Inc. Trims Stock Holdings in Micron Technology, Inc. $MU

Kovack Advisors Inc. lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 39.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,956 shares of the semiconductor manufacturer’s stock after selling 3,210 shares during the quarter. Kovack Advisors Inc.’s holdings in Micron Technology were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. boosted its position in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. AlphaQuest LLC raised its position in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. AllSquare Wealth Management LLC raised its position in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Micron Technology during the 1st quarter worth approximately $36,000. Finally, Hilltop National Bank purchased a new stake in shares of Micron Technology in the 2nd quarter valued at $37,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Down 0.1%

Shares of Micron Technology stock opened at $223.77 on Friday. The firm has a 50-day simple moving average of $169.83 and a two-hundred day simple moving average of $128.13. 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, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $232.40. The company has a market cap of $251.18 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The firm had revenue of $11.32 billion during 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 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, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction 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 sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 271,256 shares of company stock worth $53,931,979 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MU shares. New Street Research reiterated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Itau BBA Securities started coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target on the stock. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. TD Cowen lifted their price objective on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Cantor Fitzgerald boosted their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $202.79.

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.