Howe & Rusling Inc. Sells 521 Shares of Micron Technology, Inc. $MU

Howe & Rusling Inc. reduced its holdings in Micron Technology, Inc. (NASDAQ:MU) by 2.7% during the 1st quarter, HoldingsChannel reports. The firm owned 18,653 shares of the semiconductor manufacturer’s stock after selling 521 shares during the quarter. Howe & Rusling Inc.’s holdings in Micron Technology were worth $6,302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MU. Revisor Wealth Management LLC lifted its position in shares of Micron Technology by 25.2% during the 1st quarter. Revisor Wealth Management LLC now owns 3,921 shares of the semiconductor manufacturer’s stock worth $1,325,000 after purchasing an additional 790 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Micron Technology by 1.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 15,011 shares of the semiconductor manufacturer’s stock valued at $5,071,000 after purchasing an additional 173 shares during the period. Beacon Financial Advisory LLC grew its holdings in Micron Technology by 10.1% in the 1st quarter. Beacon Financial Advisory LLC now owns 2,310 shares of the semiconductor manufacturer’s stock valued at $780,000 after buying an additional 211 shares during the last quarter. Nixon Peabody Trust Co. increased its position in Micron Technology by 8.9% in the 1st quarter. Nixon Peabody Trust Co. now owns 1,643 shares of the semiconductor manufacturer’s stock worth $555,000 after buying an additional 134 shares during the period. Finally, Evolution Wealth Management Inc. increased its position in Micron Technology by 6.2% in the 1st quarter. Evolution Wealth Management Inc. now owns 480 shares of the semiconductor manufacturer’s stock worth $162,000 after buying an additional 28 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 147,300 shares of company stock worth $119,422,004. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Needham & Company LLC raised their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. UBS Group boosted their target price on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Finally, Rosenblatt Securities increased their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,263.76.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron’s Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump’s Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $975.56 on Friday. The firm has a market capitalization of $1.10 trillion, a PE ratio of 22.09 and a beta of 2.14. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,255.00. The business’s 50 day moving average is $876.93 and its 200-day moving average is $552.77.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be paid a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.