Micron Technology, Inc. $MU Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,900 shares of the semiconductor manufacturer’s stock after buying an additional 1,317 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Micron Technology were worth $6,520,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. First Command Advisory Services Inc. lifted its stake in Micron Technology by 225.0% during the 2nd 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 in the last quarter. AlphaQuest LLC increased its stake in 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 buying an additional 265 shares during the period. Hilltop National Bank acquired a new stake in Micron Technology during the 2nd quarter worth approximately $37,000. Saudi Central Bank purchased a new position in Micron Technology in the 1st quarter valued at approximately $38,000. Finally, Dogwood Wealth Management LLC grew its stake in shares of Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock worth $44,000 after acquiring an additional 257 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 409,756 shares of company stock valued at $85,308,033 over the last ninety days. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Susquehanna lifted their price objective on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Citigroup boosted their price objective on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Morgan Stanley upped their target price on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $216.11.

Micron Technology Trading Up 2.6%

MU opened at $230.26 on Thursday. 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 $260.58. The business’s 50-day simple moving average is $205.41 and its 200-day simple moving average is $147.67. The company has a market cap of $258.84 billion, a P/E ratio of 30.34, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid 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 currently 6.06%.

About Micron Technology

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.