Chicago Partners Investment Group LLC Boosts Holdings in Micron Technology, Inc. $MU

Chicago Partners Investment Group LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 10.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,152 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,683 shares during the period. Chicago Partners Investment Group LLC’s holdings in Micron Technology were worth $2,237,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Micron Technology by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,938,848 shares of the semiconductor manufacturer’s stock worth $602,917,000 after purchasing an additional 58,285 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock worth $590,807,000 after purchasing an additional 1,416,174 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Micron Technology by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,366,631 shares of the semiconductor manufacturer’s stock valued at $379,417,000 after acquiring an additional 17,970 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Down 0.1%

MU opened at $202.38 on Monday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $206.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a fifty day moving average of $151.20 and a two-hundred day moving average of $118.00. The stock has a market capitalization of $227.17 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.45 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In other news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares in the company, valued at $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,956 shares of company stock worth $22,841,025 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MU. Wolfe Research increased their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Erste Group Bank began coverage on Micron Technology in a report on Thursday, August 14th. They issued a “buy” rating on the stock. Raymond James Financial raised their target price on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Robert W. Baird boosted their price target on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. Finally, Arete Research upgraded Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $198.32.

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.