Corient Private Wealth LLC Buys 190,122 Shares of Micron Technology, Inc. $MU

Corient Private Wealth LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 64.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485,961 shares of the semiconductor manufacturer’s stock after purchasing an additional 190,122 shares during the period. Corient Private Wealth LLC’s holdings in Micron Technology were worth $59,895,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MU. Orleans Capital Management Corp LA bought a new stake in Micron Technology in the 2nd quarter valued at $256,000. Cary Street Partners Financial LLC increased its position in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of Micron Technology by 27.8% during the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after buying an additional 3,208 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after acquiring an additional 23,600 shares during the period. Finally, WealthBridge Capital Management LLC bought a new stake in shares of Micron Technology in the second quarter valued at about $210,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MU. Raymond James Financial raised their price target on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Susquehanna raised their target price on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. The Goldman Sachs Group lifted their price target on shares of Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. UBS Group reissued a “buy” rating and set a $295.00 price target on shares of Micron Technology in a research report on Thursday. Finally, HSBC assumed coverage on Micron Technology in a research note on Tuesday, December 9th. They set a “buy” rating and a $330.00 price objective on the stock. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $239.34.

Micron Technology Price Performance

Shares of MU stock opened at $237.50 on Tuesday. The business has a fifty day simple moving average of $224.03 and a 200 day simple moving average of $161.41. The company has a market cap of $266.98 billion, a P/E ratio of 31.29, a P/E/G ratio of 0.40 and a beta of 1.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $264.75.

Micron Technology (NASDAQ:MU) last issued 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 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 quarter in the previous year, the firm earned $1.18 earnings per share. 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. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced 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 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 at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the business’s 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 owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction that occurred 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 $92,557,339.42. This represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 384,852 shares of company stock worth $81,806,895. Corporate insiders own 0.24% of the company’s stock.

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.