K.J. Harrison & Partners Inc Boosts Stock Holdings in Micron Technology, Inc. $MU

K.J. Harrison & Partners Inc lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 50.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,008 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,008 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Micron Technology were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. 180 Wealth Advisors LLC grew its stake in shares of Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after purchasing an additional 99 shares in the last quarter. SilverOak Wealth Management LLC grew its stake in shares of Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 100 shares in the last quarter. HMS Capital Management LLC grew its stake in shares of Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after purchasing an additional 107 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 108 shares in the last quarter. Finally, Werlinich Asset Management LLC grew its stake in shares of Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 271,256 shares of company stock valued at $53,931,979. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Wells Fargo & Company upped their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Citigroup upped their price objective on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $202.79.

Micron Technology Trading Down 0.1%

NASDAQ MU opened at $223.77 on Monday. The stock has a market capitalization of $251.17 billion, a P/E ratio of 29.48, a P/E/G ratio of 0.51 and a beta of 1.56. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $232.40. The firm has a 50-day moving average price of $169.83 and a 200 day moving average price of $128.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

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

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were issued a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is 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.