Micron Technology, Inc. $MU Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 19.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 86,907 shares of the semiconductor manufacturer’s stock after selling 21,498 shares during the period. Wealthfront Advisers LLC’s holdings in Micron Technology were worth $10,711,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 180 Wealth Advisors LLC lifted its position in shares of Micron Technology by 1.9% in the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after acquiring an additional 99 shares in the last quarter. SilverOak Wealth Management LLC lifted its position in shares of Micron Technology by 3.5% in the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after acquiring an additional 100 shares in the last quarter. HMS Capital Management LLC lifted its position in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after acquiring an additional 107 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of 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 valued at $262,000 after acquiring an additional 108 shares in the last quarter. Finally, Werlinich Asset Management LLC lifted its position in Micron Technology by 1.1% during the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock worth $1,317,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MU shares. Stifel Nicolaus increased their target price on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Cantor Fitzgerald increased their target price on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Susquehanna increased their target price on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, September 17th. Barclays increased their target price on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Five equities 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, the stock presently has an average rating of “Buy” and an average target price of $200.64.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 19,761 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $203.12, for a total transaction of $4,013,854.32. Following the completion of the sale, the chief executive officer owned 469,078 shares in the company, valued at $95,279,123.36. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director 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 disclosure for this sale can be found here. Insiders have sold 144,256 shares of company stock worth $25,564,625 in the last quarter. Company insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Micron Technology stock opened at $219.02 on Monday. The stock’s 50-day moving average is $159.43 and its 200-day moving average is $122.84. The company has a market cap of $245.84 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $219.82.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the business posted $1.18 EPS. The company’s quarterly revenue 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. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.