3Chopt Investment Partners LLC Trims Position in Micron Technology, Inc. $MU

3Chopt Investment Partners LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,417 shares of the semiconductor manufacturer’s stock after selling 113 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Micron Technology were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MU. Brighton Jones LLC increased its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Micron Technology by 14.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 20,281 shares of the semiconductor manufacturer’s stock worth $1,762,000 after acquiring an additional 2,516 shares during the last quarter. GAMMA Investing LLC increased its stake in Micron Technology by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock worth $1,873,000 after acquiring an additional 3,667 shares during the last quarter. Integrated Advisors Network LLC increased its stake in Micron Technology by 17.9% in the 1st quarter. Integrated Advisors Network LLC now owns 5,816 shares of the semiconductor manufacturer’s stock worth $505,000 after acquiring an additional 882 shares during the last quarter. Finally, CX Institutional increased its stake in Micron Technology by 15.0% in the 1st quarter. CX Institutional now owns 7,854 shares of the semiconductor manufacturer’s stock worth $682,000 after acquiring an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MU. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Wells Fargo & Company upped their target price on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. KeyCorp increased their price objective on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Barclays increased their price objective on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $191.78.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 272,648 shares in the company, valued at approximately $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 146,956 shares of company stock valued at $22,841,025 in the last 90 days. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

MU opened at $192.33 on Friday. The stock’s 50 day simple moving average is $141.26 and its 200 day simple moving average is $113.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00. The firm has a market cap of $215.88 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.43 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the company earned $1.18 EPS. Micron Technology’s revenue for the quarter 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. As a group, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.