WealthBridge Investment Counsel Inc. Buys 2,600 Shares of Micron Technology, Inc. $MU

WealthBridge Investment Counsel Inc. increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,825 shares of the semiconductor manufacturer’s stock after buying an additional 2,600 shares during the period. Micron Technology accounts for about 2.2% of WealthBridge Investment Counsel Inc.’s holdings, making the stock its 21st largest holding. WealthBridge Investment Counsel Inc.’s holdings in Micron Technology were worth $7,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC increased its holdings in shares of Micron Technology by 1.9% during 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 grew its position in Micron Technology by 3.5% during the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after purchasing an additional 100 shares during the last quarter. Beta Wealth Group Inc. increased its stake in Micron Technology by 1.5% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 102 shares in the last quarter. HMS Capital Management LLC increased its stake in Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after purchasing an additional 107 shares in the last quarter. Finally, D.B. Root & Company LLC raised its holdings in 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 worth $262,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $232.51 on Wednesday. The company has a market capitalization of $261.37 billion, a P/E ratio of 30.63, a P/E/G ratio of 0.38 and a beta of 1.54. The business’s 50-day moving average is $224.96 and its 200 day moving average is $162.38. 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, Inc. has a 12 month low of $61.54 and a 12 month high of $264.75.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business 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 previous year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities 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. Investors 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 yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 384,852 shares of company stock worth $81,806,895 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MU shares. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. New Street Research reissued a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Cantor Fitzgerald increased their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $242.79.

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.