Fort Sheridan Advisors LLC Raises Stock Holdings in Micron Technology, Inc. $MU

Fort Sheridan Advisors LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 26.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,636 shares of the semiconductor manufacturer’s stock after buying an additional 958 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Micron Technology were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $1,980,700,000. Nuveen LLC acquired a new position in Micron Technology during the first quarter worth $369,191,000. Vanguard Group Inc. boosted its position in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Micron Technology by 26.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 1.7%

NASDAQ MU opened at $240.46 on Tuesday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $260.58. The firm has a 50 day moving average of $209.64 and a two-hundred day moving average of $151.02. 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 stock has a market capitalization of $270.31 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. The business 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 company’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Wolfe Research increased their price target on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Barclays increased their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup boosted their price target on shares of Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $216.11.

Insiders Place Their Bets

In other news, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 407,352 shares of company stock worth $85,029,962. Insiders own 0.30% of the company’s stock.

Micron Technology 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.