Lodestone Wealth Management LLC Acquires Shares of 1,640 Micron Technology, Inc. $MU

Lodestone Wealth Management LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 1,640 shares of the semiconductor manufacturer’s stock, valued at approximately $202,000.

Several other hedge funds have also recently made changes to their positions in the business. 180 Wealth Advisors LLC grew its position in Micron Technology by 1.9% in the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock worth $645,000 after acquiring an additional 99 shares in the last quarter. SilverOak Wealth Management LLC boosted 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 purchasing an additional 100 shares during the period. Beta Wealth Group Inc. increased its position in shares of Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 102 shares during the last quarter. HMS Capital Management LLC raised its holdings in 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 during the period. Finally, D.B. Root & Company LLC lifted its position in Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In other news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were 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 in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. The trade was a 0.93% 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 ninety days. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MU. Wall Street Zen cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Bank of America upped their target price on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Finally, Raymond James Financial raised their price target on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $215.64.

Micron Technology Stock Performance

Micron Technology stock opened at $201.37 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a market capitalization of $226.37 billion, a PE ratio of 26.53, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a 50 day moving average price of $200.36 and a 200-day moving average price of $143.37. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $260.58.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for 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%.Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is presently 6.06%.

Micron Technology Company 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.