Wellington Shields Capital Management LLC Invests $2.19 Million in Micron Technology, Inc. $MU

Wellington Shields Capital Management LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 17,752 shares of the semiconductor manufacturer’s stock, valued at approximately $2,188,000.

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

Analysts Set New Price Targets

Several research analysts have weighed in on MU shares. UBS Group boosted their price target on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Wolfe Research boosted their target price on shares of Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Stifel Nicolaus upped their price target on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Barclays lifted their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $202.79.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 10,602 shares of Micron Technology stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.23, for a total value of $2,387,888.46. Following the completion of the transaction, the chief executive officer directly owned 409,078 shares of the company’s stock, valued at $92,136,637.94. The trade was a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’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 sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 271,256 shares of company stock worth $53,931,979. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $223.77 on Monday. The business’s 50 day moving average is $169.83 and its 200-day moving average is $128.54. The firm has a market cap of $251.17 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $232.40. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the company posted $1.18 earnings per share. Micron Technology’s 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 research analysts predict 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 was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 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.