Courier Capital LLC Sells 400 Shares of Micron Technology, Inc. $MU

Courier Capital LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,535 shares of the semiconductor manufacturer’s stock after selling 400 shares during the period. Courier Capital LLC’s holdings in Micron Technology were worth $1,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MU. Nuveen LLC purchased a new position in shares of Micron Technology during the first quarter worth about $369,191,000. Vanguard Group Inc. boosted its stake in Micron Technology by 2.1% in the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Micron Technology by 23.8% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after purchasing an additional 1,416,174 shares during the last quarter. Finally, Keystone Investors PTE Ltd. bought a new stake in Micron Technology in the first quarter valued at approximately $96,253,000. 80.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MU shares. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday. Erste Group Bank began coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating for the company. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research report on Monday. Bank of America raised their target price on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Finally, Summit Insights raised Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $194.57.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $187.06 on Wednesday. The stock has a market cap of $209.97 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.42 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. The stock has a 50 day moving average price of $146.06 and a 200-day moving average price of $115.39. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $201.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.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 business earned $1.18 EPS. Micron Technology’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. Equities analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Micron Technology 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.