Strs Ohio Has $67.46 Million Stock Position in Micron Technology, Inc. $MU

by · The Cerbat Gem

Strs Ohio trimmed its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,321 shares of the semiconductor manufacturer’s stock after selling 115,908 shares during the quarter. Strs Ohio’s holdings in Micron Technology were worth $67,457,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent research reports. Piper Sandler upped their target price on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $160.00 to $220.00 in a research note on Monday, October 6th. Citigroup boosted their price objective on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group upped their price target on Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $202.79.

Check Out Our Latest Analysis on MU

Micron Technology Trading Up 2.1%

Shares of MU opened at $226.63 on Thursday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $232.40. The stock’s fifty day simple moving average is $165.54 and its 200-day simple moving average is $125.99. 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 firm has a market capitalization of $254.38 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The firm 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 revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 248,756 shares of company stock valued at $48,801,245 in the last quarter. 0.30% of the stock is owned by company insiders.

Micron Technology Company Profile

(Free Report)

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.

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