GFG Capital LLC Decreases Holdings in Micron Technology, Inc. $MU

GFG Capital LLC trimmed its stake in Micron Technology, Inc. (NASDAQ:MU) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,470 shares of the semiconductor manufacturer’s stock after selling 8,881 shares during the quarter. Micron Technology makes up 1.1% of GFG Capital LLC’s holdings, making the stock its 27th biggest position. GFG Capital LLC’s holdings in Micron Technology were worth $3,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Grant Private Wealth Management Inc bought a new stake in shares of Micron Technology in the 3rd quarter worth approximately $914,000. Doliver Advisors LP increased its position in Micron Technology by 56.3% in the third quarter. Doliver Advisors LP now owns 11,010 shares of the semiconductor manufacturer’s stock worth $1,842,000 after buying an additional 3,964 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in Micron Technology by 5.7% in the third quarter. 1620 Investment Advisors Inc. now owns 1,467 shares of the semiconductor manufacturer’s stock worth $245,000 after buying an additional 79 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Micron Technology by 3.9% in the third quarter. Assenagon Asset Management S.A. now owns 62,238 shares of the semiconductor manufacturer’s stock valued at $10,414,000 after buying an additional 2,311 shares during the period. Finally, Traphagen Investment Advisors LLC purchased a new position in shares of Micron Technology during the 3rd quarter valued at $253,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 384,852 shares of company stock valued at $81,806,895. Company insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 2.1%

Shares of MU stock opened at $232.51 on Wednesday. The company has a market capitalization of $261.37 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $264.75. The business’s fifty day moving average is $224.96 and its 200 day moving average is $162.38. 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 (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping 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 business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the company 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. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MU shares. HSBC initiated coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They set a “buy” rating and a $330.00 target price for the company. Needham & Company LLC lifted their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Citigroup boosted their price objective on Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $242.79.

Micron Technology Company 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.