SilverOak Wealth Management LLC Raises Position in Micron Technology, Inc. $MU

SilverOak Wealth Management LLC grew its position in Micron Technology, Inc. (NASDAQ:MUFree Report) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,955 shares of the semiconductor manufacturer’s stock after acquiring an additional 100 shares during the period. SilverOak Wealth Management LLC’s holdings in Micron Technology were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. AllSquare Wealth Management LLC lifted its stake in shares of Micron Technology by 100.0% in the first 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 during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology in the first quarter valued at about $36,000. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter valued at about $37,000. Saudi Central Bank acquired a new stake in shares of Micron Technology in the first quarter valued at about $38,000. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Micron Technology by 91.0% in the first quarter. Pinnacle Bancorp Inc. now owns 512 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MU shares. Raymond James Financial raised their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Robert W. Baird lifted their target price on shares of Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Wells Fargo & Company lifted their target price on shares of Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group lifted their target price on shares of Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $196.71.

Check Out Our Latest Stock Report on MU

Micron Technology Stock Performance

NASDAQ:MU opened at $202.53 on Friday. The firm has a 50 day simple moving average of $149.53 and a 200-day simple moving average of $116.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market cap of $227.33 billion, a PE ratio of 26.68, a P/E/G ratio of 0.42 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $206.34.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be 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 is Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Insider Activity at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the completion of the transaction, the chief executive officer owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is owned by company insiders.

Micron Technology Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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