Great Lakes Retirement Inc. Acquires Shares of 10,379 Micron Technology, Inc. $MU

Great Lakes Retirement Inc. bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,379 shares of the semiconductor manufacturer’s stock, valued at approximately $1,737,000. A number of other institutional investors have also modified their holdings of MU. REAP Financial Group LLC purchased a new position in Micron Technology in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology during the 3rd quarter worth $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 88 shares during the period. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology in the second quarter valued at about $30,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Micron Technology by 248.0% during the third quarter. Physician Wealth Advisors Inc. now owns 261 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock. Get Micron Technology alerts: Sign Up Micron Technology Trading Down 8.0% Micron Technology stock opened at $379.68 on Wednesday. The stock has a 50-day moving average price of $373.79 and a 200 day moving average price of $257.90. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $455.50. The stock has a market cap of $427.33 billion, a PE ratio of 36.09 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period in the previous year, the company earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year. Micron Technology Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is currently 4.37%. Insider Activity In related news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction on Tuesday, January 13th. The shares were bought at an average