Micron Technology, Inc. $MU Position Lifted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.1% during the second quarter, HoldingsChannel reports. The fund owned 15,605 shares of the semiconductor manufacturer’s stock after acquiring an additional 465 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Micron Technology were worth $1,923,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. AssuredPartners Investment Advisors LLC boosted its stake in Micron Technology by 4.9% during the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 32,070 shares of the semiconductor manufacturer’s stock valued at $3,953,000 after acquiring an additional 1,511 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Micron Technology by 23.2% during the second quarter. Private Trust Co. NA now owns 6,065 shares of the semiconductor manufacturer’s stock worth $747,000 after purchasing an additional 1,141 shares during the period. Angeles Wealth Management LLC raised its holdings in shares of Micron Technology by 2.9% during the second quarter. Angeles Wealth Management LLC now owns 4,672 shares of the semiconductor manufacturer’s stock worth $576,000 after purchasing an additional 130 shares during the period. SilverOak Wealth Management LLC raised its holdings in shares of Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 100 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Micron Technology by 377.0% during the second quarter. Nordea Investment Management AB now owns 1,395,586 shares of the semiconductor manufacturer’s stock worth $171,524,000 after purchasing an additional 1,103,002 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on MU shares. Needham & Company LLC increased their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a report on Monday, October 13th. Robert W. Baird increased their target price on shares of Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Finally, Mizuho increased their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $200.64.

Micron Technology Stock Up 2.2%

MU stock opened at $206.77 on Tuesday. 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, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $214.75. The firm’s 50-day simple moving average is $152.86 and its 200 day simple moving average is $119.00. The stock has a market cap of $232.09 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the company earned $1.18 EPS. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,956 shares of company stock valued at $19,124,145. Company 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.