Journey Advisory Group LLC Acquires Shares of 12,964 Micron Technology, Inc. $MU

Journey Advisory Group LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, Holdings Channel reports. The fund acquired 12,964 shares of the semiconductor manufacturer’s stock, valued at approximately $1,598,000.

Several other large investors also recently bought and sold shares of the stock. SilverOak Wealth Management LLC boosted its stake in Micron Technology by 3.5% in the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after acquiring an additional 100 shares in the last quarter. HMS Capital Management LLC boosted its stake in shares of Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after buying an additional 107 shares during the period. D.B. Root & Company LLC boosted its stake in shares of Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares during the period. Werlinich Asset Management LLC boosted its stake in shares of Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after buying an additional 115 shares during the period. Finally, Rise Advisors LLC boosted its stake in shares of Micron Technology by 5.3% during the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock worth $206,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Up 2.2%

MU stock opened at $206.77 on Tuesday. The stock has a market capitalization of $232.09 billion, a P/E ratio of 27.24, a PEG ratio of 0.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $214.75. The company has a 50 day moving average price of $152.86 and a two-hundred day moving average price of $119.00.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The firm had revenue of $11.32 billion during 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 for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company 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 $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Analysts Set New Price Targets

A number of brokerages recently commented on MU. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. 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, Morgan Stanley raised shares of Micron Technology from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $160.00 to $220.00 in a report on Monday, October 6th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $200.64.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer owned 272,648 shares in the company, valued at $51,385,968.56. This trade represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 112,956 shares of company stock worth $19,124,145 in the last quarter. 0.30% of the stock is owned by insiders.

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.