Harbour Investments Inc. Has $2.30 Million Position in Micron Technology, Inc. $MU

Harbour Investments Inc. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,644 shares of the semiconductor manufacturer’s stock after buying an additional 655 shares during the period. Harbour Investments Inc.’s holdings in Micron Technology were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilltop National Bank acquired a new position in shares of Micron Technology during the second quarter worth about $37,000. Dogwood Wealth Management LLC boosted its position in shares of Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 257 shares during the period. AllSquare Wealth Management LLC boosted its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology during the first quarter worth about $36,000. Finally, Saudi Central Bank acquired a new position in shares of Micron Technology during the first quarter worth about $38,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

NASDAQ:MU opened at $202.53 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $149.53 and its two-hundred day moving average price is $116.72. The firm has a market capitalization of $227.33 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 0.42 and a beta of 1.56. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $206.34.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. The ex-dividend date is 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 (DPR) is 6.06%.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their position. 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 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Cantor Fitzgerald increased their price target on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Bank of America increased their price target on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Arete Research raised Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. Finally, Wedbush increased their price target on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Five equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $196.71.

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.