Bogart Wealth LLC Sells 373 Shares of Micron Technology, Inc. $MU

Bogart Wealth LLC lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 32.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 763 shares of the semiconductor manufacturer’s stock after selling 373 shares during the quarter. Bogart Wealth LLC’s holdings in Micron Technology were worth $94,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kera Capital Partners Inc. bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $211,000. Tcfg Wealth Management LLC bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $208,000. Krilogy Financial LLC raised its stake in shares of Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after acquiring an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. raised its stake in shares of Micron Technology by 12.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC raised its stake in shares of Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after acquiring an additional 5,926 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction 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 sale, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the sale, the chief executive officer directly owned 272,648 shares in the company, 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 have sold 112,956 shares of company stock valued at $19,124,145. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MU shares. KeyCorp upped their price target on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. TD Cowen upped their price target 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. Itau BBA Securities started coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, Robert W. Baird upped their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $200.64.

Micron Technology Stock Up 2.2%

NASDAQ:MU opened at $206.77 on Tuesday. The firm has a market capitalization of $232.09 billion, a P/E ratio of 27.24, a PEG ratio of 0.45 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $214.75. The company’s fifty day moving average price is $152.86 and its 200-day moving average price is $119.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio 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.