Johnson Financial Group Inc. Lowers Stock Position in Micron Technology, Inc. $MU

Johnson Financial Group Inc. decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 28.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 644 shares of the semiconductor manufacturer’s stock after selling 260 shares during the period. Johnson Financial Group Inc.’s holdings in Micron Technology were worth $79,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares during the period. Harbour Investments Inc. increased its holdings in shares of Micron Technology by 16.5% in the 1st quarter. Harbour Investments Inc. now owns 17,989 shares of the semiconductor manufacturer’s stock valued at $1,563,000 after purchasing an additional 2,546 shares in the last quarter. US Bancorp DE lifted its stake in shares of Micron Technology by 52.7% in the first quarter. US Bancorp DE now owns 890,852 shares of the semiconductor manufacturer’s stock valued at $77,406,000 after purchasing an additional 307,293 shares during the period. Alberta Investment Management Corp boosted its holdings in Micron Technology by 4.6% during the first quarter. Alberta Investment Management Corp now owns 32,423 shares of the semiconductor manufacturer’s stock worth $2,817,000 after buying an additional 1,423 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in Micron Technology by 56.3% during the first quarter. Moors & Cabot Inc. now owns 21,725 shares of the semiconductor manufacturer’s stock worth $1,888,000 after buying an additional 7,827 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 3.0%

MU opened at $237.10 on Friday. The firm has a market cap of $266.53 billion, a P/E ratio of 31.24, a PEG ratio of 0.51 and a beta of 1.62. The business’s fifty day simple moving average is $208.12 and its 200 day simple moving average is $149.61. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. 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 released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. 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 for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the firm earned $1.18 EPS. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen lifted their price target on shares of Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Susquehanna upped their target price on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, September 17th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price objective 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. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and a consensus price target of $216.11.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 409,756 shares of company stock valued at $85,308,033. Insiders own 0.30% of the company’s stock.

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.