NorthRock Partners LLC Buys 609 Shares of Micron Technology, Inc. $MU

NorthRock Partners LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,830 shares of the semiconductor manufacturer’s stock after acquiring an additional 609 shares during the period. NorthRock Partners LLC’s holdings in Micron Technology were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new stake in shares of Micron Technology during the first quarter worth approximately $33,000. AllSquare Wealth Management LLC raised its stake 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 last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology during the first quarter worth approximately $36,000. Hilltop National Bank bought a new stake in shares of Micron Technology during the second quarter worth approximately $37,000. Finally, Saudi Central Bank bought a new stake in shares of Micron Technology during the first quarter worth approximately $38,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Up 6.2%

Micron Technology stock opened at $192.77 on Tuesday. The stock has a market capitalization of $216.38 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00. 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 company has a 50 day moving average of $144.50 and a 200-day moving average of $114.89.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s quarterly revenue 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, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 6.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research note on Monday. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $194.57.

Insider Activity at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares of the company’s stock, valued at $14,950,106.08. The trade was a 5.47% 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, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $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 146,956 shares of company stock worth $22,841,025 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

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.