Wealthspire Advisors LLC Grows Stock Position in Micron Technology, Inc. $MU

Wealthspire Advisors LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,754 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,208 shares during the period. Wealthspire Advisors LLC’s holdings in Micron Technology were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MU. United Advisor Group LLC acquired a new stake in Micron Technology during the 2nd quarter valued at $211,000. Empowered Funds LLC grew its stake in shares of Micron Technology by 76.3% during the second quarter. Empowered Funds LLC now owns 117,405 shares of the semiconductor manufacturer’s stock valued at $14,470,000 after acquiring an additional 50,801 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after acquiring an additional 1,973,294 shares in the last quarter. Greykasell Wealth Strategies Inc. increased its position in shares of Micron Technology by 867.6% during the second quarter. Greykasell Wealth Strategies Inc. now owns 1,974 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 1,770 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Micron Technology by 46.0% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 3,431 shares of the semiconductor manufacturer’s stock worth $423,000 after acquiring an additional 1,081 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MU. KeyCorp raised their price objective on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Morgan Stanley raised their price target on shares of Micron Technology from $220.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. The Goldman Sachs Group upped their price target on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $214.57.

Insiders Place Their Bets

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% 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 three months. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $225.92 on Thursday. 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 firm’s 50-day moving average price is $199.35 and its two-hundred day moving average price is $142.96. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $260.58. The stock has a market capitalization of $253.59 billion, a P/E ratio of 29.77, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business’s quarterly 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, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend 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.