Howe & Rusling Inc. Sells 61,708 Shares of Micron Technology, Inc. $MU

Howe & Rusling Inc. lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 74.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,748 shares of the semiconductor manufacturer’s stock after selling 61,708 shares during the period. Howe & Rusling Inc.’s holdings in Micron Technology were worth $2,557,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. First Command Advisory Services Inc. grew its holdings in shares of Micron Technology by 225.0% in the 2nd 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 period. AlphaQuest LLC lifted its holdings in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology in the first quarter valued at about $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology in the second quarter worth about $37,000. Finally, Saudi Central Bank bought a new stake in shares of Micron Technology in the first quarter worth about $38,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $225.92 on Thursday. 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 has a 50-day moving average of $199.35 and a 200-day moving average of $142.96. The stock has a market capitalization of $253.59 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $260.58.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. 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 the consensus estimate of $11.05 billion. During the same period last year, the company earned $1.18 earnings per share. The business’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. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a $0.115 dividend. 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 dividend payout ratio (DPR) is currently 6.06%.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 409,756 shares of company stock worth $85,308,033. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MU. Susquehanna boosted their price objective on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Wall Street Zen cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Bank of America raised their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, Itau BBA Securities assumed coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price for the company. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $214.57.

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.