Lifeworks Advisors LLC Boosts Stock Holdings in Micron Technology, Inc. $MU

Lifeworks Advisors LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 26.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,725 shares of the semiconductor manufacturer’s stock after purchasing an additional 787 shares during the period. Lifeworks Advisors LLC’s holdings in Micron Technology were worth $459,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mill Capital Management LLC boosted its holdings in shares of Micron Technology by 0.3% in the 2nd quarter. Mill Capital Management LLC now owns 160,335 shares of the semiconductor manufacturer’s stock valued at $19,761,000 after buying an additional 408 shares in the last quarter. Syverson Strege & Co bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $275,000. AlphaStar Capital Management LLC bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $1,642,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Micron Technology by 132.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $357,000 after buying an additional 1,653 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its holdings in shares of Micron Technology by 46.1% in the 2nd quarter. Creekmur Asset Management LLC now owns 9,113 shares of the semiconductor manufacturer’s stock valued at $1,123,000 after buying an additional 2,874 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 271,256 shares of company stock valued at $53,931,979. 0.30% of the stock is owned by insiders.

Micron Technology Stock Down 0.1%

MU stock opened at $223.77 on Friday. The firm has a 50 day moving average of $169.83 and a 200 day moving average of $128.13. The stock has a market capitalization of $251.18 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $232.40.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) 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 company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the firm posted $1.18 EPS. Micron Technology’s revenue for the quarter 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. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 6.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MU shares. CLSA started coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target on the stock. The Goldman Sachs Group raised 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. Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $160.00 to $220.00 in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $202.79.

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.