Cary Street Partners Financial LLC Acquires 5,233 Shares of Micron Technology, Inc. $MU

Cary Street Partners Financial LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 25.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,132 shares of the semiconductor manufacturer’s stock after buying an additional 5,233 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Micron Technology were worth $3,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Orleans Capital Management Corp LA bought a new position in Micron Technology in the second quarter valued at about $256,000. Wealthspire Advisors LLC lifted its position in Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after purchasing an additional 23,600 shares during the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $210,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of Micron Technology during the second quarter worth approximately $3,759,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 399,852 shares of company stock valued at $84,048,737. 0.24% of the stock is owned by insiders.

Micron Technology Trading Up 4.1%

NASDAQ:MU opened at $246.92 on Tuesday. 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’s 50-day simple moving average is $217.21 and its 200-day simple moving average is $155.94. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $260.58. The stock has a market capitalization of $277.57 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced 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 the consensus estimate of $11.05 billion. During the same period last year, the company posted $1.18 EPS. The business’s quarterly 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. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a $0.115 dividend. 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 currently 6.06%.

Analysts Set New Price Targets

A number of analysts have commented on MU shares. Deutsche Bank Aktiengesellschaft lifted their target price 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. Bank of America increased their target price on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. CLSA assumed coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price for the company. JPMorgan Chase & Co. upped their price target on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, Piper Sandler increased their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $225.04.

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.