Baird Financial Group Inc. Has $30.56 Million Holdings in Micron Technology, Inc. $MU

Baird Financial Group Inc. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 42.2% during the 2nd quarter, Holdings Channel reports. The firm owned 247,929 shares of the semiconductor manufacturer’s stock after purchasing an additional 73,559 shares during the period. Baird Financial Group Inc.’s holdings in Micron Technology were worth $30,557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. 180 Wealth Advisors LLC raised its position in shares of Micron Technology by 1.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after buying an additional 99 shares in the last quarter. SilverOak Wealth Management LLC lifted its stake in Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 100 shares during the last quarter. Beta Wealth Group Inc. boosted its holdings in shares of Micron Technology by 1.5% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 102 shares in the last quarter. HMS Capital Management LLC increased its stake in shares of Micron Technology by 0.6% in the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after purchasing an additional 107 shares during the last quarter. Finally, D.B. Root & Company LLC raised its holdings in shares of Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on 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 sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 399,852 shares of company stock worth $84,048,737 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

MU opened at $237.22 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 firm’s fifty day moving average price is $215.54 and its two-hundred day moving average price is $154.06. The company has a market capitalization of $266.67 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 0.47 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the firm earned $1.18 EPS. The company’s quarterly 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, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on MU. KeyCorp raised their price objective on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. CLSA began coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price for the company. Bank of America raised their price target on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald raised 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 investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $221.46.

About Micron Technology

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.