Micron Technology, Inc. $MU Shares Sold by Nwam LLC

Nwam LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 15,092 shares of the semiconductor manufacturer’s stock after selling 1,080 shares during the period. Nwam LLC’s holdings in Micron Technology were worth $1,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC raised its stake in Micron Technology by 8.5% in the second quarter. Blackston Financial Advisory Group LLC now owns 3,100 shares of the semiconductor manufacturer’s stock valued at $382,000 after buying an additional 244 shares during the last quarter. Midland Wealth Advisors LLC acquired a new position in shares of Micron Technology during the second quarter valued at about $236,000. Vise Technologies Inc. purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $2,581,000. Allworth Financial LP raised its position in shares of Micron Technology by 175.3% in the 2nd quarter. Allworth Financial LP now owns 25,924 shares of the semiconductor manufacturer’s stock valued at $3,195,000 after purchasing an additional 16,508 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in Micron Technology by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 16,380 shares of the semiconductor manufacturer’s stock worth $2,019,000 after purchasing an additional 535 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ MU opened at $241.11 on Wednesday. The firm has a market capitalization of $270.64 billion, a P/E ratio of 31.77, a PEG ratio of 0.51 and a beta of 1.62. The stock has a 50-day simple moving average of $186.46 and a two-hundred day simple moving average of $136.69. 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 $257.07.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates of $2.86. The firm 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%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid 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 dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% 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 quarter. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research upped their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Rosenblatt Securities raised their target price on Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Wedbush boosted their price target on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Cantor Fitzgerald increased their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $205.64.

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.