Moran Wealth Management LLC Decreases Position in Micron Technology, Inc. $MU

Moran Wealth Management LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,000 shares of the semiconductor manufacturer’s stock after selling 2,474 shares during the period. Moran Wealth Management LLC’s holdings in Micron Technology were worth $3,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hilltop National Bank acquired a new position in Micron Technology during the 2nd quarter worth $37,000. Dogwood Wealth Management LLC boosted its stake in shares of Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 257 shares during the period. AllSquare Wealth Management LLC grew its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Micron Technology during the first quarter worth approximately $36,000. Finally, Saudi Central Bank acquired a new stake in Micron Technology in the first quarter valued at approximately $38,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was 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 of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of Micron Technology stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer 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 quarter, insiders sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company’s stock.

Micron Technology Stock Up 2.6%

Micron Technology stock opened at $191.94 on Thursday. The company has a market capitalization of $215.45 billion, a P/E ratio of 25.29, a PEG ratio of 0.41 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $201.00. The stock has a 50-day simple moving average of $147.72 and a 200-day simple moving average of $115.92.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The business had revenue of $11.32 billion during 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%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Analyst Ratings Changes

A number of brokerages have commented on MU. CLSA began coverage on shares of Micron Technology in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Barclays increased their price objective on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Five 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, the stock currently has an average rating of “Buy” and an average target price of $194.57.

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.