Micron Technology, Inc. $MU Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 44.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,595 shares of the semiconductor manufacturer’s stock after selling 16,633 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Micron Technology were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MU. AlphaQuest LLC raised its position in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. AllSquare Wealth Management LLC raised its position 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 purchasing an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology in the first quarter valued at $36,000. Hilltop National Bank acquired a new stake in Micron Technology in the second quarter valued at $37,000. Finally, Saudi Central Bank acquired a new stake in Micron Technology in the first quarter valued at $38,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 272,648 shares in the company, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 144,256 shares of company stock worth $25,564,625. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of analyst reports. Cantor Fitzgerald raised their price target on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Citigroup raised their price target on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday. Arete Research upgraded Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Rosenblatt Securities raised their price target on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Susquehanna lifted their target price on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $202.79.

Micron Technology Stock Performance

Shares of MU stock opened at $221.91 on Wednesday. The stock’s 50-day moving average price is $163.36 and its 200 day moving average price is $124.89. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $249.09 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $224.98.

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

Micron Technology Dividend Announcement

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