GWN Securities Inc. Sells 32,948 Shares of Micron Technology, Inc. $MU

GWN Securities Inc. decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 88.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,242 shares of the semiconductor manufacturer’s stock after selling 32,948 shares during the quarter. GWN Securities Inc.’s holdings in Micron Technology were worth $523,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Micron Technology by 23.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 175,540 shares of the semiconductor manufacturer’s stock worth $21,635,000 after purchasing an additional 32,800 shares during the period. Rossby Financial LCC increased its holdings in shares of Micron Technology by 57.7% during the 2nd quarter. Rossby Financial LCC now owns 380 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 139 shares during the period. SYM FINANCIAL Corp bought a new position in shares of Micron Technology during the 2nd quarter worth about $272,000. United Capital Management of KS Inc. increased its holdings in shares of Micron Technology by 9.6% during the 2nd quarter. United Capital Management of KS Inc. now owns 17,901 shares of the semiconductor manufacturer’s stock worth $2,206,000 after purchasing an additional 1,563 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Micron Technology by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 16,668 shares of the semiconductor manufacturer’s stock worth $2,053,000 after purchasing an additional 138 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares in the company, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,256 shares of company stock worth $25,564,625 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 19th. UBS Group boosted their price objective on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group upped their target price on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $202.79.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $221.91 on Wednesday. The business’s fifty day moving average price is $163.36 and its two-hundred day moving average price is $124.89. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $224.98. The stock has a market capitalization of $249.09 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last released 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 firm had revenue of $11.32 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

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.