FWG Holdings LLC Makes New $246,000 Investment in Micron Technology, Inc. $MU

FWG Holdings LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the semiconductor manufacturer’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MU. HFG Advisors Inc. purchased a new position in shares of Micron Technology in the second quarter worth $848,000. Cassaday & Co Wealth Management LLC bought a new stake in Micron Technology in the 2nd quarter worth $260,000. NewSquare Capital LLC increased its position in shares of Micron Technology by 68.0% in the second quarter. NewSquare Capital LLC now owns 692 shares of the semiconductor manufacturer’s stock valued at $85,000 after acquiring an additional 280 shares during the period. Magnolia Capital Advisors LLC purchased a new position in shares of Micron Technology in the second quarter valued at about $229,000. Finally, Prosperity Consulting Group LLC bought a new position in shares of Micron Technology during the second quarter valued at about $255,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 7.1%

NASDAQ MU opened at $218.03 on Wednesday. The firm has a market capitalization of $244.73 billion, a PE ratio of 28.73, a P/E/G ratio of 0.51 and a beta of 1.56. The stock’s 50 day moving average is $174.23 and its 200 day moving average is $130.76. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $237.62. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were given 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 is presently 6.06%.

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. TD Cowen raised their target price on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Cantor Fitzgerald increased their price objective on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Wells Fargo & Company upped their target price on Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $160.00 to $220.00 in a report on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $202.79.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 10,602 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.23, for a total value of $2,387,888.46. Following the transaction, the chief executive officer owned 409,078 shares in the company, valued at $92,136,637.94. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 397,256 shares of company stock worth $82,321,039 over the last 90 days. 0.30% of the stock is owned by company insiders.

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.