Prospera Financial Services Inc Purchases 12,552 Shares of Micron Technology, Inc. $MU

Prospera Financial Services Inc raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,926 shares of the semiconductor manufacturer’s stock after acquiring an additional 12,552 shares during the period. Prospera Financial Services Inc’s holdings in Micron Technology were worth $7,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its stake in Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after purchasing an additional 99 shares in the last quarter. SilverOak Wealth Management LLC increased its holdings in shares of Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock worth $364,000 after buying an additional 100 shares during the last quarter. HMS Capital Management LLC raised its position in shares of Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after buying an additional 107 shares in the last quarter. D.B. Root & Company LLC lifted its holdings in shares of Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after acquiring an additional 108 shares during the last quarter. Finally, Werlinich Asset Management LLC grew its position in Micron Technology by 1.1% in the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after acquiring an additional 115 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MU has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Cantor Fitzgerald boosted their target price on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. KeyCorp raised their price target on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Raymond James Financial lifted their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Five research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $205.64.

Micron Technology Stock Performance

MU stock opened at $237.92 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $246.41. The firm has a market cap of $267.06 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 0.51 and a beta of 1.62. The business’s fifty day simple moving average is $181.33 and its two-hundred day simple moving average is $133.88. 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 (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The firm 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 business’s revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders 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 dividend payout ratio is currently 6.06%.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’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 value of $4,966,200.00. Following the completion of the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 397,256 shares of company stock valued at $82,321,039. 0.30% of the stock is owned by insiders.

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.