Cyndeo Wealth Partners LLC Decreases Stock Position in Micron Technology, Inc. $MU

Cyndeo Wealth Partners LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 33.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,126 shares of the semiconductor manufacturer’s stock after selling 1,083 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Micron Technology were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MU. Hilltop National Bank purchased a new position in shares of Micron Technology in the 2nd quarter worth $37,000. Dogwood Wealth Management LLC lifted its holdings in Micron Technology by 259.6% during the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 257 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Micron Technology in the 1st quarter worth $33,000. AllSquare Wealth Management LLC raised its holdings in Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Micron Technology during the first quarter valued at about $36,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MU. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Micron Technology in a report on Saturday, September 27th. Arete Research raised Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. The Goldman Sachs Group raised their price target on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Erste Group Bank began coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $191.78.

Insider Buying and Selling

In related news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock worth $22,841,025. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Down 5.6%

Shares of MU stock opened at $181.60 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $201.00. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $142.80 and its 200-day moving average price is $114.00. The stock has a market capitalization of $203.84 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56.

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, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be given a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is currently 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.