Apex Wealth Management LLC Acquires New Shares in Micron Technology, Inc. $MU

Apex Wealth Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,029 shares of the semiconductor manufacturer’s stock, valued at approximately $250,000.

Several other institutional investors have also modified their holdings of the business. First Command Advisory Services Inc. raised its holdings in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the period. AlphaQuest LLC increased its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. AllSquare Wealth Management LLC raised its stake in Micron Technology by 100.0% in the 1st 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. MJT & Associates Financial Advisory Group Inc. acquired a new position in Micron Technology in the 1st quarter valued at about $36,000. Finally, Hilltop National Bank bought a new stake in Micron Technology in the 2nd quarter valued at $37,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 4.8%

Shares of NASDAQ MU opened at $241.11 on Wednesday. The stock has a market capitalization of $270.64 billion, a PE ratio of 31.77, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business’s fifty day moving average price is $186.46 and its 200-day moving average price is $136.69. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $257.07.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. The company had revenue of $11.32 billion for 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%. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MU shares. New Street Research reissued a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Barclays boosted 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. Cantor Fitzgerald increased their target price on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Wedbush boosted their target price on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $205.64.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares in the company, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 409,756 shares of company stock valued at $85,308,033 in the last ninety days. Corporate 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.