Deroy & Devereaux Private Investment Counsel Inc. Trims Stake in Micron Technology, Inc. $MU

Deroy & Devereaux Private Investment Counsel Inc. reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 35.4% in the second quarter, Holdings Channel reports. The firm owned 155,618 shares of the semiconductor manufacturer’s stock after selling 85,259 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Micron Technology were worth $19,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MU. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology during the 1st quarter valued at $33,000. AllSquare Wealth Management LLC grew its position in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology during the 1st quarter valued at $36,000. Hilltop National Bank purchased a new position in shares of Micron Technology during the 2nd quarter valued at $37,000. Finally, Saudi Central Bank purchased a new position in shares of Micron Technology during the 1st quarter valued at $38,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MU shares. Needham & Company LLC boosted their price target on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. TD Cowen upped their target price on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $160.00 to $220.00 in a research report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, KeyCorp upped their target price on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $194.57.

Micron Technology Stock Performance

Micron Technology stock opened at $187.06 on Wednesday. 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 market capitalization of $209.97 billion, a PE ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 1.56. The firm has a fifty day simple moving average of $146.06 and a two-hundred day simple moving average of $115.39. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $201.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting the consensus estimate of $2.86. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were 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 of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock valued at $22,841,025 over the last three months. Insiders own 0.30% of the company’s stock.

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.