WP Advisors LLC Acquires 809 Shares of Micron Technology, Inc. $MU

WP Advisors LLC grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 25.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,940 shares of the semiconductor manufacturer’s stock after purchasing an additional 809 shares during the period. WP Advisors LLC’s holdings in Micron Technology were worth $486,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of 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 last quarter. AllSquare Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology in the first quarter valued at about $36,000. Finally, Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter valued at about $37,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the company’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 sale, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 409,756 shares of company stock valued at $85,308,033 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on MU shares. Rosenblatt Securities increased their price target on Micron Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. TD Cowen raised their target price on shares of Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Erste Group Bank began coverage on shares of Micron Technology in a research report on Thursday, August 14th. They set a “buy” rating on the stock. Finally, BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $209.39.

Micron Technology Price Performance

Micron Technology stock opened at $236.95 on Friday. The business’s 50 day simple moving average is $191.24 and its 200 day simple moving average is $138.13. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $257.07. The company has a market cap of $265.97 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 0.51 and a beta of 1.62. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 46.1% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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