Carnegie Investment Counsel Purchases New Holdings in Micron Technology, Inc. $MU

Carnegie Investment Counsel acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,646 shares of the semiconductor manufacturer’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kera Capital Partners Inc. bought a new position in Micron Technology during the 2nd quarter worth $211,000. Tcfg Wealth Management LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $208,000. Krilogy Financial LLC boosted its stake in Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock valued at $3,351,000 after purchasing an additional 4,812 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its stake in Micron Technology by 12.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock valued at $2,135,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Kercheville Advisors LLC boosted its stake in Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock valued at $2,132,000 after purchasing an additional 5,926 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of MU opened at $219.02 on Monday. The stock has a market cap of $245.84 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. 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, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $219.82. The firm’s 50-day simple moving average is $159.43 and its two-hundred day simple moving average is $122.84.

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

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 19,761 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $203.12, for a total value of $4,013,854.32. Following the sale, the chief executive officer owned 469,078 shares in the company, valued at approximately $95,279,123.36. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was 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 owned 40,237 shares in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,256 shares of company stock worth $25,564,625. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price on the stock. KeyCorp boosted their price target on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company upped their price target on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $200.64.

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.